sectoral restructuring
[/sɛkˈtɔrəl ˌriːstrʌkˈtʃərɪŋ/]
nounpl: sectoral restructurings
reestruturação setorial
1. The process of reorganizing and transforming the structure of specific economic sectors to improve efficiency, competitiveness, or adapt to market changes
The government implemented sectoral restructuring in the manufacturing industry to reduce costs and increase productivity.
O governo implementou reestruturação setorial na indústria de manufatura para reduzir custos e aumentar a produtividade.
2. Strategic reorganization of industries involving workforce changes, technological upgrades, and operational reforms
Sectoral restructuring in the banking sector led to significant job losses but improved digital services.
A reestruturação setorial no setor bancário resultou em perdas significativas de empregos, mas melhorou os serviços digitais.
3. Economic transformation of a particular industry or business sector to adapt to new economic realities
The coal industry underwent major sectoral restructuring due to the shift toward renewable energy.
A indústria de carvão passou por uma grande reestruturação setorial devido à mudança para energias renováveis.
In Brazil, sectoral restructuring has been a significant economic phenomenon, particularly in manufacturing, mining, and banking sectors. The term gained prominence during the 1990s liberalization period and continues to be central to discussions about economic competitiveness and modernization. In the USA, the concept is often associated with industry-wide transformations driven by technological disruption or market forces, particularly in traditional sectors like automotive and steel. Both countries use this term frequently in government policy discussions and business strategy forums.
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