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the less independent the central bank, the higher the average annual rate of inflation.

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13y ago
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1w ago

Continuous investment in research and development, advanced technology adoption, skilled workforce, strong infrastructure, supportive government policies, and robust economic conditions are key factors contributing to industrial advancement in countries. Increased collaboration between industry and academia, focus on innovation, and a conducive business environment also play crucial roles in the industrial advancement of countries. Additionally, a strong commitment to sustainability, quality control, and meeting global standards are essential for maintaining competitiveness in industrial sectors.

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