Africa's Journey to Industrialization

Ayo Oyewale and Chimezirim Charles Young

A chapter in Emerging Markets from IntechOpen

Abstract: This chapter examines the history of other nations in achieving rapid industrialization, explains the scientific processes involved, as well as developing a model to guide Nigerians in curbing mass unemployment. This industrialized countries where selected randomly from the pool of industrialized nations, to represent the different continents. Their journey to industrialization was studied and itemized to help developing countries design a unique strategy to curb mass unemployment. The chapter adopts historical analysis to gather evidence and formulate ideas from the past and empirical analysis by direct and indirect observation. The data used in this study were both primary and secondary. The results of the study were descriptive in nature. The study revealed several models that would guide Nigerians to achieving industrialization. In conclusion, the principles and strategy applied by the industrialized nations for achieving industrialization and curbing mass unemployment is learning: theory and practical. Learning: proper education and training on how to manufacture products promotes industrialization, productivity and create job opportunities. The study emphasizes education and training as the principal learning tools for increasing employment in quantity and quality and promoting improved productivity.

Keywords: industrialization; productivity; learning; sustainable development; policies; science and technology; technological entrepreneurship; manpower development and innovation (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:216672

DOI: 10.5772/intechopen.94372

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