Development at Belgium

Industrial country

For a century and a half, Belgium maintained its status as an industrial country, not only by virtue of its geographical position and transport facilities but also because of its ability for most of this period to shape production to meet the changing requirements of world commerce.? This only shows the importance of the industry in the economy of Belgium. Industry, which is highly developed in Belgium, is devoted mainly to the processing of imported raw materials into semi-finished and finished products, most of which are then exported.?In recent years, Belgian industry has been hampered by high labor costs, aging plant facilities, and a shrinking market for its products. Belgium also produces significant amounts of crude copper, crude zinc, and crude lead. The bulk of metal manufactures consists of heavy machinery, structural steelwork, and industrial equipment. The railroad equipment industry supplies one of the most extensive railroad systems in Europe. Belgian engineering and construction firms have built steel plants, chemical works, power stations, port facilities, and office buildings throughout the world.

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