Pathways to Industrialization: Summary and Overview
Pathways to Industrialization: Summary and Overview
Not so long ago the debate about industrial policy was described as having become stale. This book shows that this is no longer the case. New challenges and emerging paradigms have turned industrialization and industrial policy into one of the most hotly debated and interesting issues of the early 21st century. The following are some of the questions posed: Is industrialization (and specifically manufacturing) still an engine of growth in light of the rise of the service sectors? To what extent should manufacturing be the main focus of industrial policy in developing countries? How big a threat to economic development is deindustrialization? What lessons can be learned from past policy failures? Can developing countries still industrialize after the rise of China? How should industrial policy take global climate change into account? In this chapter a summary and synthesis of the answers to these questions is offered.
Keywords: industrialization, industrial policy, manufacturing, engines of growth, developing countries, climate change
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