This research explores the long-run effect of industrialization on the process of development. In contrast to … subsequent decades. Nevertheless, early industrialization had an adverse effect on income per capita, employment and equality by … that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology …

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. …