Why are machine tools considered the “mother industry” for industrialization, and what does this mean for Africa and other developing economies?
Machine Tools: The “Mother Industry” of Industrialization and What It Means for Africa and Developing Economies When economists, engineers, and policymakers speak of machine tools as the “mother industry”, they refer to the pivotal role these tools play in building every other industry. Just as mothers give birth to life, machine tools give birth to manufacturing. They...
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