Industrial production is a measure of output of the industrial sector of the economy.

India had emerged in recent years as an industrial economy.

Economy Chennai's economy has a broad industrial base in the automobile, computer, technology, hardware manufacturing and healthcare sectors.

With the globalization of economy, industrial production processes are increasingly being outsourced internationally.

These programs were fine, the argument goes, for the industrial economy of the Great Depression and the post World War II generation, but they have become obsolete in today s high tech, networked, post industrial economy.

His model depicts inter industry relationships within an economy, showing how output from one industrial sector may become an input to another industrial sector.

In the last 20 years the industrial base of the region's economy has changed radically.

Chang, Ha Joon (1996). The Political Economy of Industrial Policy, second edition. London Macmillan Press.

In recent weeks, Japan became the first large industrial economy to intervene directly in currency markets.

However, the revision of the standards on industrial statistics and economic activities in general should acknowledge the link between the economy and the environment by measuring the impact of the economy on the environment through emissions, depletions and degradations resulting from industrial production processes.

The importance of cities in today s world economy is unprecedented. Until the Industrial Revolution, human history was overwhelmingly rural.

A downturn hit the German economy for the first time since industrial development began to surge in the 1850s.

Economy The service sector is the largest component of GDP at 66 , followed by the industrial sector at 28.1 .

This was one of the key inventions of the Industrial Revolution and shaped the economy of the Antebellum South.

Industrial policy is appealing to politicians who can favor key constituencies while claiming to be helping the economy as a whole.

References Further reading Bennet M. Bergero, The Sociology of Leisure Some Suggestions, Industrial Relations A Journal of Economy and Society , vol.

But, putting such successes aside, the point of industrial policy is not to pick winners at all. Rather, successful industrial policies identify sources of positive externalities sectors where learning might generate benefits elsewhere in the economy.

The decision not to default contributed to the legal security needed for the French economy to catch up with Britain s industrial revolution.

The world economy would have been better off with fewer restrictions on the use of industrial policies by China (and other developing countries).

By that time, with the global economy spinning into near depression, commercial and industrial gold use, and even luxury demand, took a further dive.

In the early 2000s, the economy showed strong export based growth of 5 to 10 , with industrial production growing more than 10 per year.

The economy and industrial sector grew remarkably, but his greatest achievement was the construction of the new capital city of Brasília, inaugurated in 1960.

Economy Bucharest is the center of the Romanian economy and industry, accounting for around 22.7 (2010) of the country's GDP and about one quarter of its industrial production, while being inhabited by 9 of the country's population.

While its economy has reached a postindustrial level of development and its service sector constitutes 67.8 of GDP, the United States remains an industrial power.

His thesis called attention to Europe's huge, impoverished industrial working class, which was typically far too poor to consume goods produced by an industrialized economy.

The impact of that cooperation on the Cuban economy, especially in such fields as agro industry, the environment, energy and industrial management, had been palpable.

The Soviet Union, though with a heavy price, was transformed from a largely agrarian economy to a major industrial powerhouse in a short span of time.

Britain was, of course, the homeland of the Industrial Revolution. Its economic growth was faster than that of any economy in human history up to that time.

The second, more profound challenge relates to the real economy how to redeploy workers and capital from the industrial sectors facing overcapacity and the most overbuilt cities.

Indeed, no private equity fortunes were made over the past generation without investing in or trading with the prosperous North Atlantic industrial core of the world economy.

Moreover, Japan can boost its own economy and those of the poorest countries by directing its own industrial production to the infrastructure needs of the developing world.

A second major global crisis, in the 1970 s, shook the heavy industrial basis of manufacturing, and with it the idea that governments should manage the economy.

The French economy, with its strong industrial base and dynamic private and public sector companies, benefited from these devaluations, thanks to increased exports (including to its former African colonies).

Recent improvements in data for industrial production, fixed investment, and retail sales suggest that the Chinese economy, which had slowed in recent quarters, may already be on the mend.

WASHINGTON, DC The world economy has just been through a severe recession marked by financial turmoil, large scale destruction of wealth, and declines in industrial production and global trade.

But this relationship is much stronger in China, presumably because the productivity gap between the rural, traditional parts of the economy and the modern, industrial sectors is so huge.

At the end of the twentieth century, the major technological change of the third industrial revolution was the growing role of information as the scarcest resource in an economy.

Speaking recently at the Russian Academy of Science, he said that the Soviet economy was structurally incapable of using most of the technological secrets procured through KGB industrial espionage.

Such industrial mismatches become larger during recessions, reflecting greater churn in the labor market as workers move between shrinking and expanding sectors but they decline as the economy recovers.

Considering its total contribution to the economy and fishing industry, the destructive impact of industrial longline fishing on our oceans, fisheries, endangered species and government budgets cannot be justified.

Now, the term information society, information economy, for a very long time has been used as the thing that comes after the industrial revolution. But in fact, for purposes of understanding what's happening today, that's wrong. Because for 150 years, we've had an information economy.

Industrial policy is appealing to politicians who can favor key constituencies while claiming to be helping the economy as a whole. But it usually does far more harm than good.

And I think that in the Industrial Revolution, Adam Smith was more correct than Karl Marx, but the reality is that we've switched and now we're in the knowledge economy.

Emerging economies will be called on to play an even larger role in a multi speed global economy characterized by protracted rehabilitation of over extended balance sheets in industrial countries.

Thatcher s reforms reinvigorated the private sector, promoted home ownership, lowered taxes on enterprise, deregulated large parts of the economy, and reined in the unions power to use their industrial muscle.