Vol no: 13
The acceleration of changes in industrial structure is a result of the current global crisis. To some extent, these modernizations can substitute for the lack of quantitative expansion in production, and can generate demand that otherwise would not have occurred at all. It is noteworthy that more permanent jobs are being created mainly in industry, which provides an opportunity to reduce unemployment. In Europe, the industrial structure has the most obsolete elements, and its modernization has been slower than in the US, Japan and other Southeast Asian countries. The result of this phenomenon is Europe’s industrial lagging behind the US and Japan.