Countries commencing industrialization with relatively low levels of agricultural productivity, hence low wages, enjoy advantages that can also prove host to daunting challenges. The chief advantage is a relatively elastic supply of labor for manufacturing; the chief challenge is how to free up...

"Japanese Industrial History: Technology, Urbanization, and Economic Growth" provides a detailed examination of the industrial development of the country since the Meiji Restoration and shows the extent to which Japan's own urbanization played a crucial role in its overall economic development....