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Of course, the restructuring of industries amid the globalisation of capitalism has had much to do with this.
"Many good mechanisms have been introduced to China, such as venture capital and stock options, which will help trigger the restructuring of industries throughout the country," says Wang Zhidong, chief executive of Sina.com, one of the few mainland Chinese Internet companies to list shares on Nasdaq so far.
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The project revealed that the backyard poultry sector is resilient to shock even when the impact on livelihoods is considerable; and that the sector is likely to persist even if government policies call for a "restructuring" of the industry (See Text Box 2 ).
The restructuring of industry resulted in the loss of manufacturing jobs, but, over time, new (often high-tech) industries emerged.
In the case of Greece, it would take restructuring of industry (including the shipping dynasties and tourism) and investment in high-potential sectors, as well as improvements in governance and education.
In his book, The Death of Inflation, published in the mid-1990s, Roger Bootle predicted that the rise of new technology, the emergence of Asian economies churning out goods at ever lower prices, falling commodity prices and the restructuring of industry - making wage inflation less likely - would finally spell an end to inflation.
Some residents moved out of the region altogether due to restructuring of industry and loss of tens of thousands of jobs in the city.
This was related to a strong decrease of coal consumption in Czechoslovakia associated with a restructuring of industry, which lowered the importance of the energy composition effect.
Mr. Abe told a meeting of his economic advisers that he wanted to expedite restructuring of Japanese industries to eliminate production constraints and facilitate more business activity and investments, according to a summary of the meeting posted on the government's Web site.
Digital technology is increasingly important in achieving business goals, and its pervasive effects have resulted in the radical restructuring of entire industries.
That's important because they won't just be debating economic theory — they will be making deals Wall Street-style, negotiating billion-dollar bailouts and restructuring entire industries on behalf of their client, the taxpayers.
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