Despite growing interest in the phenomenon of deindustrialization in developing countries, there is a lack of empirical research on premature deindustrialization - the phenomenon where countries face declining levels of industrialization before reaching high-income levels. While some studies suggest that premature deindustrialization can have negative implications for countries' long-term economic growth and development, there is a need for more research to understand the factors driving this phenomenon and its implications for different sectors of the economy. Additionally, more attention should be given to the potential policy responses that may mitigate the negative consequences of premature deindustrialization.
This mind map was published on 16 May 2023 and has been viewed 126 times.