ROLE OF SMALL-SCALE INDUSTRIES AND POLICIES IN DEVELOPMENT: A COMPARISON BETWEEN PAKISTAN AND JAPAN
Abstract
This article aims to study and analyse small-scale industrial policy links between Pakistan and Japan. Pakistan and Japan both began with comparable difficulties. World War II ripped the Japanese economy apart. Pakistan gained independence and faced a very immature economy with a small industrial base. Pakistan has significant agricultural resources as raw materials. On the other hand, Japan transformed the military-trained society into a highly successful industrial labour and entrepreneur nation. However, Pakistan has ignored human resource development while altering economic strategies; unfortunately, without any government planning or support, tiny enterprises in Pakistan thrived independently. This article will provide a short overview of the rise of micro industries in Pakistan, government policies, and a comparison of Pakistani small industries with those in Japan. The research reveals how different industrial policies in Japan have paid sufficient emphasis on the development of small enterprises, which they deem crucial for the progress of their economy and a good source of job creation, and Pakistan is lacking behind. At last, a comparative analysis of the role of ministries in industrial policy development and labour laws was discussed as to how to enhance industrial production, and employment generation, with labour welfare as part of industrial policy.
Keywords: Industry; Policy; Economy; Pakistan; Japan
Metadata Record
References 31
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