This paper examines the theoretical and empirical evidence for the hypothesis that manufacturing is the main engine of growth in developing countries. The paper opens with an overview of the main arguments supporting the engine of growth hypothesis and then examines each of these arguments using...

This text deals with the importance of industrialization and the development of manufacturing in the economic development process. It focuses specifically on new challenges such as global value chains, the rise of China, climate change, and the role of state versus private sector entrepreneurs...