Industrialization and development
Oxford University Press in association with the Open University, 1992 - Business & Economics - 338 pages
This book focuses on the issue of industrialization, and the problems of debt and inequality. It examines the theories behind ways of achieving industrialization, and uses two major case studies - South Korea and Brazil - to illustrate two different theoretical approaches - market theoriesand structuralist theories. The book starts by presenting detailed case studies of the process of industrialization in Brazil and South Korea, from the Second World War to the 1980s. This is followed by an analysis of the contexts and issues arising from the two cases. The authors look at how Brazil and South Korea fit into the international industrial economy; what linkages exist between the debt problem and industrialization, and which technology strategies have beenadopted in practice. In the light of the above case studies and issues, the last part of the book examines the ways in which different theories of development shed light on the possible paths to industrialization pursued by developing countries.
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agriculture alization argued balance of payments borrowing Brazil and South Brazilian capital flight Chaebols Chapter competitive costs coun culture debt crisis deficit devel developed countries domestic economic development economic growth economic miracle employment environment environmental example exports factory Figure finance firms foreign capital foreign exchange global import substitution import substitution industrialization income increased indus industrial production industrializa industrialized countries inflation interest rates intervention Japan Japanese labour force land Latin America LDCs less developed liberalization loans major manufacturing ment military million neo-liberal NICs nomic Open University output period policies political population problems rapid role rural Samba Schools Sao Paulo sector share social South Korea strategy structural structuralist technological capability Thailand theory Third World Third World countries tion TNCs trade trialization urban wages World Bank world economy world industrial