Problem
Economic and industrial production instability
Experimental visualization of narrower problems
Other Names:
Uncoordinated production planning Nature:
The magnitude and rate of changes due to restructuring of industrial production is not only enormous but largely unplanned, generating a momentum and direction of its own. The internal dynamics of national growth and the international spread of technology are governed by uncoordinated forces, including ad hoc governmental decisions and the dictates of the market; they encourage the perpetuation of the inequitable distribution of the benefits accruing internationally from the present rapid growth of industry and it is unclear whether they are the most efficient means of promoting such growth [per se]. As stated in the draft of the Lima Plan of Action on Industrial Development and Cooperation, "the unrestricted play of market forces is not the most suitable means of promoting industrialization on a world scale nor of achieving effective international cooperation in the field of industry".
Broader Problems:
InstabilityUnbalanced growthInstability of the world economySocial hardships of economic reform Narrower Problems:
Agricultural risksLabour displacementInstability in export earningsInstability of fishing industryInstability of forestry and loggingInstability of construction industryInstability of manufacturing industriesInstability in tourist dependent economiesVulnerability of world cable communicationsInstability of mining and quarrying industryUncoordinated development of economic sectorsInstability of the maritime shipping industryUncoordinated global restructuring of productionInstability of production of food and live animalsInstability of hunting, trapping and game propagationInstability of hunting, trapping and game propagation Related Problems:
Bank failureLack of controlInadequate production capacityUnderutilization of facilities due to daily or seasonal peaks Aggravates:
Instability in tradeProhibitive cost of livingUS dollar dominance of world economyObstacles for international ocean shipping Strategies:
Developing action planCoordinating production planningDestabilizing economic and industrial production Subject(s):
Economics → EconomicIndustry → Industry
Industry → Production
Management → Planning
Societal Problems → Instability
Related UN Sustainable Development Goals:
Problem Type:
C: Cross-sectoral problems Date of last update
17.04.2019 – 12:15 CEST