TRENDS AND PROSPECTS OF THE MACEDONIAN MANUFACTURING INDUSTRY IN THE LIGHT OF THE FDI INFLOWS
TRENDS AND PROSPECTS OF THE MACEDONIAN MANUFACTURING INDUSTRY IN THE LIGHT OF THE FDI INFLOWS

Summary/Abstract: This paper provides an outlook of the economic profiles of the manufacturing sectors in North Macedonia on NACE Rev.2 level, according to their contribution to the GDP, output and net value added, number of employees, share in the Macedonian export and trends of sectors’ development. The manufacturing industry experienced significant structural changes in the past decade, largely attributable to the entrance of the FDI in North Macedonia. The FDI driven industries, in particular the automotive one, have created statistical disruption with regard to the traditional Macedonian industries, taking the lead in the total manufacturing output and export. In this perspective, the traditional Macedonian industries tend to look less important, which has also been reinforced with the lack of the active industrial policy and specific instruments for the domestic industries. Based on the available statistical data, this paper identifies the major Macedonian manufacturing sectors, such as metal, textile and food processing industry, as well as prospective industries - production of rubber, plastic and non-metallic mineral products, along with recommendations for tailored policy support of these sectors

• Details
• Contents