Call for Action to Boost Solomon Islands' Industrial Growth
According to local economist Martin Hou, Solomon Islands continues to face significant challenges in developing a strong and sustainable industrial sector.
Despite its abundant natural resources and hardworking population, the nation's economy has remained heavily reliant on raw exports, subsistence agriculture, and informal activities.
This reliance limits job creation, innovation, and the country's ability to add value to its own resources, Hou highlighted. He emphasized the need for redirection of the economy towards industrialization.
Summary: Economist Martin Hou calls for industrialization to boost growth.
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