Sunrise industries are new industries that have grown up during the development of new technology and face difficulty becoming competitive globally.

• A. They are traditional industries in decline
• B. They are sectors that avoid global competition
• C. They are new industries that have grown up during the development of new technology
• D. They have no barriers to entry

Answer: (C)

Sunrise industries are new, technology-driven sectors that arise as new technologies develop. They typically struggle to become globally competitive because they are in early stages: they may lack scale, face high initial costs, require specialized know-how, and contend with established international players. That’s why the statement describing them as new industries that have grown up during the development of new technology is the best fit. The other descriptions don’t match: traditional industries in decline are not sunrise; sectors that avoid global competition ignore the real challenge of competing internationally; and having no barriers to entry contradicts the common barriers these emerging industries face, such as high capital needs and knowledge gaps.