Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place … income per capita can only occur through industrialization. This paper argues that it is becoming increasingly difficult for … most developing countries to achieve rapid growth through industrialization, and especially through export oriented …

decline have fallen as obviously. These results are consistent with the idea that industrialization in employment terms has … been more important for eventual prosperity than has industrialization in output terms; and that high manufacturing … industrialization may have become more difficult. …