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Premature Deindustrialization
Premature deindustrialisation describes a process where a country starts to experience a shrinkage in their industrial, manufacturing sector before becoming fully developed. In fast-growing economies like India and several countries in sub-Saharan Africa, the share of manufacturing jobs has barely grown and the structural transformation has shifted employment straight from agriculture to services.
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What is Premature Deindustrialization?
28th March 2018