As the contemporary world continues to witness massive, stiff, and rapidly evolving competition in the business sector, increasing people’s involvement in industries has been a prodigious challenge. Since industries provide a livelihood to more than 60% of the population in developed economies, governments have always strived to increase people’s involvement but to no avail. While many governments have failed in attaining the aforementioned mission, there are three things that if done, people’s involvement in industries will plausibly intensify. These include building apropos public policy, Capacity-building, and maintenance of political stability.
The policies formulated and implemented by any government significantly affect people’s participation in the country’s economic activities. Governments can enhance industrial involvement by instigating policies that empower people to participate in industries courageously without fear or any oppression. For instance, policies that safeguard investors from prevalent risks should be implemented to ensure that despite the imminent adversities, investors would still have the courage to commit their resources. Investor’s obligations such as tax and interest charges should be reduced ominously through policies (Blumberg, 92). Additionally, considering the importance of trade unions, governments should allow free formation and partaking of trade unions in the economic mayhem, as this would make people feel more secure working in established industries. People’s and/or workers freedom of association should be uphold through policies ratified and implemented by the government.
Capacity building is an inordinate component in enhancing participation in industries. Capacity building strengthens the relationship between the tripartite partners: workers organizations, employers, and government. Greater collaboration between the partners enhances sustainable development through increasing people’s activity in industrial activities (Blumberg, 125). Capacity building ensures that workers have the relevant skills and information required by employers in order to handle the many challenges faced in the industrial sector. Through capacity building, people can also attend government-sponsored training and acquire inordinate skills that can enhance their participation in industries. Consequently, adjustments and opportunities ate national and enterprise levels will occur, and more people will be absorbed into the industries. Additionally, capacity building supports the existence of a highly skilled and enthused workforce that can enthusiastically involve themselves with industrial activities. Hence, government can enhance involvement in industries though capacity building by initiating programs such as free training for industrial investors and laborers. The triumph of industries relies on the availability of skilled labor, erudite and economically empowered investors; hence, governments should not underrate any of the factors.
Political stability is fundamental for the social, political, and economic development of any country. When there is political stability, more investors will dexterously invest in industries that will ultimately absorb many people in terms of employment. Would any investor invest in an environment where political perils are high? Can any rational citizen work in a unharmonious environment? Certainly no. States should ensure that the economic activities do not negatively affect investment. They should ensure that any political tension is tranquilly deciphered to avoid political turmoil (Blumberg, 187). Political stability creates a harmonious environment from where investors can conduct their activities. Additionally, it reduces the inherent risks and improves participation in industries.
The above elucidation candidly indicates that participation in industries is of utter importance for the economic prosperity of a country. The importance of capacity building, political stability, and implementation of healthy policies should not be belittled in enhancing people’s participation in industries. Any regime that improves the abovementioned factors improves participation in industries within its jurisdiction.
Works Cited
Blumberg, Paul. Industrial Democracy: The Sociology of Participation. New York: Schocken Books, 2009. Print.
