When nations or firms progressively undertake more complex, higher-value production activities, it is called:
A) winning the race to the bottom
B) industrial upgrading
C) technologizing
D) manufacturing the economy

Question

Quizplus · Accepted Answer

Industrial upgrading refers to the process of moving towards more complex and value-added production activities. This can involve investing in new technologies, improving processes, and developing new capabilities. It is seen as essential for countries and firms to remain competitive in the global marketplace.

When Nations or Firms Progressively Undertake More Complex, Higher-Value Production