What describes manufacturing-led growth?

What describes manufacturing-led growth?

• A. Growth based on expanding manufacturing industry; promotes jobs, exports, technology transfer, and diversification away from agriculture.
• B. Growth driven solely by mining.
• C. Growth based on rapid expansion of government services.
• D. Growth focused on agriculture without industrial development.

Answer: (A)

Manufacturing-led growth focuses on expanding the manufacturing sector to drive the economy, creating jobs, boosting exports, spreading technology, and moving the economy away from relying mainly on farming. The description that highlights expanding manufacturing with jobs, exports, technology transfer, and diversification away from agriculture fits this path exactly, since it shows industrialization as the engine of growth. Growth driven by mining isn’t about manufacturing, and can be volatile; growth from government services is service-led rather than industrial; and growth staying focused on agriculture without developing industry is, by definition, agriculture-led and lacks the manufacturing engine.

Manufacturing-led growth focuses on expanding the manufacturing sector to drive the economy, creating jobs, boosting exports, spreading technology, and moving the economy away from relying mainly on farming. The description that highlights expanding manufacturing with jobs, exports, technology transfer, and diversification away from agriculture fits this path exactly, since it shows industrialization as the engine of growth. Growth driven by mining isn’t about manufacturing, and can be volatile; growth from government services is service-led rather than industrial; and growth staying focused on agriculture without developing industry is, by definition, agriculture-led and lacks the manufacturing engine.