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Industrialization in sentence

315 examples of Industrialization in a sentence

Many in the region are now worried that they will reap little from this fleeting period of industrialization, and that current demographic, social, and economic trends could lead to security and humanitarian crises in the future.
Wage competitiveness has long been a catalyst for successful industrialization.
Since the Industrial Revolution in the West, Japan, several East Asian countries, and now China have all undergone large-scale industrialization, partly because they had competitive wages.
To be sure, Africa owes its lack of industrialization more to structural factors such as unfavorable investment climates, insufficient infrastructure, and wayward industrial policies.
But, at this point, even if African policymakers were to accelerate and implement the right reforms, the accelerating pace of automation would still undermine industrialization.
Increased global production and falling technology costs could strike a severe blow to Africa, where economic development is likely to stall without industrialization and the expanding youth bubble shows no sign of deflating.
These shifts will accompany rapid industrialization and advances in science and technology (especially information and communications technology), and will transform dietary habits and consumption patterns.
But a Eurasian customs union among post-Soviet and other countries is not the road to modernization for Russia; nor is an effort to make the defense industry the engine of industrialization.
The choices that we as Africans make today will determine whether we remain poor, evolve into Dubai-like diversified economies, or follow the successful agriculture-led industrialization model implemented in Malaysia (despite that country’s gas discoveries).
China’s government has subsidized, protected, and goaded its firms to ensure rapid industrialization, thereby altering the global division of labor in its favor.
Given China’s economic success, it is hard to deny the contribution made by the government’s industrialization policies.
If the world is to achieve the Sustainable Development Goals, thereby completing the United Nations 2030 Agenda for Sustainable Development, it must help Africa accelerate its development by promoting rapid and responsible industrialization.
For the first time, the G20 placed industrialization in Africa – and all of the Least Developed Countries (LDCs) – on its agenda.
But they will mean little unless they are translated into concrete and effective action that advances African industrialization, creates jobs, and fosters inclusive and sustainable economic growth and development.
Investment in education and skills training is imperative to facilitate successful and lasting industrialization.
Knowledge of other countries’ experiences will also help Africa to avoid the pitfalls of unbridled industrialization – particularly environmental damage.
But industrialization is never automatic.
My numerous meetings with African leaders and visits to dozens of countries across the continent have convinced me that Africa is committed to industrialization.
It is not clear whether there are effective substitutes for industrialization.
Economist Simon Kuznets proposed the existence of a sharp rise in inequality upon industrialization, followed by a decline to social-democratic levels.
Their “state capitalism” – a large role for state-owned companies; an even larger role for state-owned banks; resource nationalism; import-substitution industrialization; and financial protectionism and controls on foreign direct investment – is the heart of the problem.
China found it useful to run a large trade surplus, using a very high rate of internal savings and inward foreign investment to support its industrialization and rapid growth.
Whereas Japan and South Korea focused on industrialization, China has urbanization as an overt objective, and its system of financing local government – with cities dependent on land sales to cover their budgets – has intensified the bias toward real-estate development.
But even the developed countries that promote this agenda relied on protectionism at the early stages of their industrialization.
The current wave of industrialization and urbanization – associated with faster productivity growth as resources move to higher-productivity activities – is far from over.
Even in the Stalin era – when the economy was much more closed than in Czarist times – industrialization required the import of Western capital and knowhow.
China would not have been able to pursue its phenomenally successful industrialization strategy if the country had been constrained by WTO-type rules during the 1980s and 1990s.
This predilection harkens back to the Great Leap Forward of the 1950s, when scrap metal was melted to meet wildly optimistic steel-production targets, thereby advancing Mao’s dream of rapid industrialization.
Clearly, industrialization and export expansion alone cannot absorb China’s massive labor force.
The High Cost of Cheap MeatBERLIN – Factory-style livestock production is a critical driver of agricultural industrialization.
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