The dynamics of the industrial restructuring process

The structural transformation of the Latin American manufacturing sector described in the previous chapter can, for analytical purposes, be divided into two sets of events. The first is related to the restructuring process that takes place within a given manufacturing sector through the entry and exit of firms. The second concerns changes in the inter-industry pattern of production specialization, which occur when particular manufacturing activities gain relative participation within aggregate industrial GDP. These processes take place simultaneously, although the analysis addresses them separately.

Related Subject(s): Economic and Social Development
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