Industrial revolutions in a globalizing world, 1760–present

Bas van Leeuwen, Ulbe Bosma and Meimei Wang

Chapter 2 in Handbook of Industrial Development, 2023, pp 18-36 from Edward Elgar Publishing

Abstract: Industrial production was as much part of human existence in 500 BC as it is today. The main difference is that the level of mechanization and the organization of production have changed fundamentally over time starting with the first Industrial Revolution in the 18th century. These forms of industrialization spread across the globe, beginning with Western Europe, the Western Offshoots, and Japan, and followed by the colonial commodity frontiers and finally by other countries. Factors driving this spread were cultural susceptibility, material incentives, government intervention, and the capacity to embed new technologies and organization of production in societies that were not in the world's industrial vanguard. However, in many countries industrialization was less successful. This can be explained by the locking-in of the world economy, preventing these countries from developing capital-intensive production.

Keywords: Development Studies; Economics and Finance; Geography; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2023
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