Industrialisation: Different Approaches and Case Studies
Keywords:
industrialisation, import substitution, manufacturing export promotion, capital goods sector, economic development, developing countriesAbstract
This paper enquires whether an industrialisation policy designed by the state might be successful in achieving industrialisation and development in the third world. Three common approaches to industrialisation are analysed in terms of their structural features and consequences: import substitution, capital goods sector promotion, and manufacturing export promotion. Associating these strategies to Brazil, India and South Korea, respectively, a detailed comparison of their characteristics and achievements is carried out. The paper concludes by ranking these country experiences, arguing that their relative achievements might be independent from their political regimes.Downloads
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Copyright (c) 1987 Keith Griffin
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