Call for Action to Boost Solomon Islands' Industrial Growth
According to local economist Martin Hou, Solomon Islands continues to face significant challenges in developing a strong and sustainable industrial sector.
Despite its abundant natural resources and hardworking population, the nation's economy has remained heavily reliant on raw exports, subsistence agriculture, and informal activities.
Hou highlighted that this warrants redirection of the economy towards industrialization.
- Limiting job creation
- Limiting innovation
- Limiting the country's ability to add value to its own resources
Author's summary: Solomon Islands needs industrialization to boost growth.
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