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Home > QFINANCE Dictionary > Definition of labor-intensive industry

Definition of

labor-intensive industry

Operations & Production

business requiring many workers an industry that needs large numbers of employees and in which labor costs are high in relation to other costs

labor-intensive industry - Related Articles

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    an EU report published in April 2010 warned that the government might have to make further budget cuts (on top of those announced in March 2010) to reassure markets. The report added that Portugal was not attracting enough foreign investment and that it could no longer compete globally in labor-intensive

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    container and its use in international shipping, helping the industry to evolve from old, labor-intensive, manual loading of ships to the mostly automated industry of enormous container ships and specialized ports around the world. Levinson also weaves in tales of the history and politics involved, and shows

  • Taiwan

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    In April 2010, the Asian Development Bank raised its growth forecast for Taiwan to 4.9% for 2010, compared with the 3.5% that it predicted in December 2009. In addition, the bank forecasted growth of 4% in 2011. Even so, Taiwan faces challenges from labor-intensive economies, such as China

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    could cost Mauritius as much as 8–9% of GDP, 20% of exports, and 40% of government revenue. Increasing living standards were already undermining the country’s competitive position in labor-intensive sectors such as sugar and garments.

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Definitions of ’labor-intensive industry’ and meaning of ’labor-intensive industry’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’labor-intensive industry’ and other financial terms with our online QFINANCE Financial Dictionary.

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