Small Countries and Risks of Deindustrialization  - abandonned industry

Should small countries that have opened their markets worry about deindustrialization? Sometimes, yes. However, according to HEC economists Ai-Ting Goh and Tomaz Michalski, this risk can be kept to a minimum. They advise small countries to specialize in the production of intermediate goods that can then be exported to meet the needs of secondary industry. 

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