DYNA JOURNAL ENGINEERING

Key words:

industria manufacturera, balanza de bienes y servicios, desindustrialización, competitividad, crecimiento, política industrial, manufacturing industry, balance of goods and services, industrialization, competitiveness, growth, industrial policy

Article type:

COLABORACIÓN / COLLABORATION

Section:

COLLABORATIONS

ABSTRACT:
The current financial crisis has shown that it is not possible to maintain a bulky external deficit indefinitely. If at any time access to international finance is complicated, then the deficit becomes an economic problem. This paper analyzes the empirical relationship between deindustrialization of a country and three key macroeconomic variables: growth, unemployment and external balance of goods and services. The results show that the relative loss of weight of the manufacturing industry in a country is accompanied by a deterioration in these variables, and the services are not able to compensate the loss through exports of industrial goods. Consequently, national governments should pay particular attention to its manufacturing industry through the design and promotion of an active industrial policy.