Industrial Restructuring: Issues, Past Efforts and Problems
What is new is the magnitude, suddenness, rapidity, and complexity of the industrial restructuring necessitated by a much changed global economic environment over the past decade. The intensified pressure for change and its economic and social implications have increasingly led governments of all economic persuasions to play a more active role in inducing and facilitating effective restructuring so that international competitiveness can be improved or regained.
KeywordsLight Emit Diode Foreign Exchange Market Financial Centre Export Manufacturing Export Diversification
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- 2.See HKID, Hong Kong’s Manufacturing Industries 1988 (1989, p. 33). As a matter of fact, since the launch of the STA in 1961, such quantitative restraints, which were originally intended as temporary measures only, have been continually extended, and now cover nearly all textiles and clothing products.Google Scholar