Beyond Industrialization New Approaches to Development Strategy Based on the Service Sector

Peter Sheehan (peter.sheehan@vu.edu.au)

Working Papers from eSocialSciences

Abstract: This paper argues that it is becoming increasingly difficult for most developing countries to achieve rapid growth through industrialization, and especially through export oriented activities. But the key mechanisms seen as driving the industrial take-off in much of the literature (internal increasing returns, transfer of labour into higher value activities and pecuniary externalities) are alive and well, and are evident in services as well as in industry.

Keywords: industrialization; services; development strategy; rapid growth; China; India; human welfare; poor countries; rural areas; industry; agricultural; output (search for similar items in EconPapers)
Date: 2009-02
New Economics Papers: this item is included in nep-cwa
Note: Institutional Papers
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