Description
Oxford Pathways to Industrialization in the TwentyFirst Century New Challenges and Emerging Paradigms 2017 Edition by Adam Szirmai, Wim Naude, Ludovico Alcorta
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.
The book includes chapters on the experiences of
Africa, Latin America, China, and Indonesia, as wells as thematic chapters on
structural change, jobless growth, the evolution of industrial policy, and the
challenges of environmental sustainability and climate change. It provides a
timely analysis of the circumstances and challenges facing developing countries
in industrialization, and offer fresh ideas for new paradigms to carry forward
industrial policy in the future.
PART 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