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This book aims to explain this process from the perspective of developing countries. It charts current trends in industrial development drawing on available statistics and explores different perspectives on the role the manufacturing industry can play.
The book covers topics including:
aspects of trade policy as they affect industry the international rules of the World Trade Organisation the network of links between firms in different parts of the world economy.
Separate chapters examine:the special role of small firms and of technology in industrialisation government policy towards the encouragement of industry, drawing particularly on the experience of economies in East Asia (the original Asian Tigers) recent developments in China and India and their implications for other countries.
The book draws on simple concepts of economic theory but avoids a technical mathematical approach and should be accessible to a wide audience. It extends and updates the author’s earlier work on industrialisation published by Routledge (Industry in Developing Countries, 1990 and Industrialisation and Globalisation, 2002) and aims to present a comprehensive overview of these important contemporary issues. The book is suitable for both undergraduate and graduate level courses, but will also be invaluable to professionals working in development.
* the possibility of different paths to industrialization
* the dominant neoclassical view and the challenges to this orthodoxy
* the importance of small scale industry
* the priority of technological change to industrialization.
At a time when globalization is becoming an increasingly controversial phenomenon, this book offers a powerful argument that despite potential difficulties with market access, integration with the world market offers developing countries the opportunity for future growth via industrialization.
Industrialisation has been at the forefront of discussion on economic development since the earliest days of development economics. But over the last fifty years, the manufacturing sectors of different countries and regions have grown at strikingly different rates. In 1960 developing countries took a very small share of global manufacturing production. Today the position had changed radically with fast growth of manufacturing in many parts of what was originally the developing world, particularly in China and the rest of East Asia. On the other hand, countries in Africa and parts of Latin America have been largely left behind by this process of industrialisation. This volume aims to illuminate this uneven development and takes stock of the current issues that hinder and support industrialisation in low and middle income economies.
This Handbook is a collection of chapters on different aspects of industrialisation experience in a range of countries. Key themes include, the role of manufacturing in growth, the nature of structural change at different stages of development, the role of manufacturing in employment creation, alternative options for trade and industrial policy, the key role of technology and technical change, and the impact of globalisation and the spread of global value chains and foreign direct investment on prospects for industrialisation. Several chapters discuss individual country experiences with examples from India, Mexico, South Africa and Tanzania, as well as an overview of African industrialisation.
This authoritative Handbook will be a key reference source for those studying or wishing to understand contemporary economic development. Offering inspiration and direction for future research, this landmark volume will be of crucial importance to all development economics scholars and researchers.