1. Retaining Traditional Industry in a Globalized World
... , back in half of the century ago, Shetty (1963) acknowledges that small-scale industries persistently play a remarkable role in developing the economy by industrialization not only in developed countries but also in those not-so-developed ones. In fact, whereas old-fashioned technology industries with ... loom production acquires the invention of more powerful looms and turns itself into small-sized industry and still contribute a great deal to Japan's economy today (Sugihara, 2007). Some regions in industrialised countries are shown to take initiates to innovation by the renewal of prod...
- Word Count: 2421
- Approx Pages: 10
- Has Bibliography
- Grade Level: Graduate