Pathways to Industrialization in the 21st Century, New Challenges and Emerging Paradigms

Pathways to Industrialization in the 21st Century, New Challenges and Emerging Paradigms, ed. Szirmai, Adam, Naudé, Wim and Alcorta, Ludovico (Oxford: Oxford University Press, 2013).

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  • Editor Szirmai, Adam
    Naudé, Wim
    Alcorta, Ludovico
    Title Pathways to Industrialization in the 21st Century, New Challenges and Emerging Paradigms
    Publication Date 2013-04
    Place of Publication Oxford
    Publisher Oxford University Press
    Pages 443
    Abstract Over 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; and how to respond to the threats of global warming and climate change. Under present conditions it may be more difficult than ever for the poorer developing countries to foster industrial development and structural change. They face a more complex, and daunting set of circumstances than the developing countries that embarked on industrialization after 1950. These changing and challenging circumstances require new thinking, and in particular new paradigms to guide researchers, policy makers, and international development organizations in the future.
    Copyright Holder Oxford University Press
    Copyright Year 2013
    Copyright type All rights reserved
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    Created: Wed, 11 Dec 2013, 18:43:39 JST