Description
Book SynopsisOver the last two centuries, the experiences of the first wave of industrialized countries in Europe and the US, and the more recent experiences of the East Asian Tigers, Indonesia, Malaysia, Thailand, China, India, and Vietnam, have illustrated the transformative nature of industrialization. There are reasons to believe that industrialization will continue to be one of the major engines of growth, transformation, and socioeconomic development. Industrial development enables a more rapid advancement toward developed country living standards. But many challenges remain, and new challenges have arisen. These include: integration into global value chains; the shrinking of policy space in the present international order; the rise of the Asian driver economies; new opportunities provided by resource-based industrialization; the accelerating pace of technological change in manufacturing; how to deal with jobless growth in manufacturing; creating adequate systems of financial intermediation;
Table of ContentsPART I: INTRODUCTION; PART II: THE NEED FOR AND CHALLENGE OF INDUSTRIALIZATION; PART III: PATHWAYS TO INDUSTRIAL DEVELOPMENT: PAST, PRESENT, AND FUTURE; PART IV: CLIMATE CHANGE AND SUSTAINABILITY; PART V: CHALLENGES TO INDUSTRIAL POLICY; PART VI: CONCLUSION
