The relationship between economic and political factors and the development of the manufacturing industry

Abstract

With the development of global economy, people can often see many foreign products, which can not be separated from the development of national politics, economy, and there is an excellent general environment. The development of the manufacturing industry is crucial to the economic and political development of a country, through the analysis of the economic, political and Covid-19 perspectives on the development of the manufacturing industry. Many manufacturing industries are facing the possibility of bankruptcy under the influence of Covid-19. Firstly, this paper investigates that economic development and political measures have different degrees of impact on the manufacturing industry through extensive data analysis. Secondly, By analyse the impact of the global spread of coronavirus on the manufacturing industry, such as the decline in the quality of raw materials leading to a lack of market demand and the increased risk of plant closures. Businesses, oversupply. In the face of the Covid-19, regionalization and digitalization trends, a three-step countermeasure is proposed to help the manufacturing industry recover from a macro perspective and to better assist the subsequent transformation and upgrading of the manufacturing industry.