Capital intensive industrialization is meant to use more machinery but whether it will raise labour productivity or not is inconclusive. However, Siamwalla and Setboonsarng (1989) comment on the role of BOI in promoting industrial firms as follows
Capital intensiveindustrialization is meant to use more machinery but whether it will raise labour productivityor not is inconclusive. However, Siamwalla and Setboonsarng (1989) comment on the role ofBOI in promoting industrial firms as follows