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4min chapter
Raghuram Rajan on Blazing a New Path to India’s Development
IMF Podcasts
Navigating Low-Skilled Manufacturing Challenges
This chapter delves into the impact of protectionism and automation on low-skilled manufacturing and the need to adapt development strategies towards service-oriented growth. It highlights the importance of human capability enhancement and reevaluates the traditional belief that industrialization is the only route to job creation.
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