What is the role of government in industrialization?

Industrialization And Deindustrialization Questions



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What is the role of government in industrialization?

The role of government in industrialization is to create and implement policies and regulations that promote and support the growth and development of industries. This includes providing infrastructure, such as transportation and communication networks, establishing legal frameworks for business operations, offering financial incentives and subsidies, and investing in research and development. Additionally, governments may also play a role in protecting workers' rights, ensuring environmental sustainability, and promoting fair competition in the industrial sector.