Industrialization
in sentence
315 examples of Industrialization in a sentence
All other rich economies have gone through a similar cycle of
industrialization
followed by deindustrialization.
But the developing world’s pattern of
industrialization
has been different.
Similarly, it is extremely unlikely that the new crop of manufacturing exporters, such as Vietnam and Cambodia, will ever reach the levels of
industrialization
attained by the early industrializers, such as Britain and Germany.
That is why rapid growth historically has always been associated with
industrialization
(except for a handful of small countries with large natural-resource endowments).
Less room for
industrialization
will almost certainly mean fewer growth miracles in the future.
Some of the building blocks of durable democracy have been byproducts of sustained industrialization: an organized labor movement, disciplined political parties, and political competition organized around a right-left axis.
British policy turned India into a pioneer of Third World industrialization, with an economy increasingly based on domestic capital and entrepreneurship combined with imported technology.
The sub-period from 1868-1900 saw the beginning of
industrialization
and India's partial integration into the world economy under the Raj.
China and India claim the right to proceed with
industrialization
and development as the developed nations did, unhampered by limits on their greenhouse gas emissions.
But the “perfect storm” of the largest earthquake and tsunami since industrialization, and the resulting meltdown of three reactor cores at the Fukushima Daiichi plant, went beyond any scenario previously envisaged.
Throughout modern history,
industrialization
has been the most effective driver of structural poverty reduction, owing to its capacity to expand employment opportunities, boost productivity, and increase wages.
Fortunately, the need for inclusive and sustainable
industrialization
is reflected in the Sustainable Development Goals, which will be officially adopted by the United Nations later this month.
In practice, this means that efforts to advance
industrialization
in Africa must be embedded within a robust social and environmental policy framework.
A focus on corporate social responsibility could help to ensure that the benefits of
industrialization
are shared, while energy- and resource-efficiency requirements could help to safeguard sustainability.
Under the Chinese presidency in 2016, the body made
industrialization
in Africa a high priority.
Historically, attempts at modernization in Russia, even when they look real, as with Stalin’s
industrialization
or Yeltsin’s market reforms, ultimately result in a Potemkin village-like state of affairs, because Russian society cannot change fast enough or with the patience necessary to see the changes through.
These innovations enabled Foshan to create markets that were largely defunct before 1979, while coping with rapid urbanization, industrialization, and globalization.
Living the Saudi DreamIRVING, TEXAS – Saudi Arabia wants it all: to salvage OPEC, achieve income diversification and industrialization, and preserve its market share in crude oil, petroleum products, petrochemicals, and natural gas liquids (NGLs).
China has grown for the last few decades on the back of export-led
industrialization
and a weak currency, which have resulted in high corporate and household savings rates and reliance on net exports and fixed investment (infrastructure, real estate, and industrial capacity for import-competing and export sectors).
Developing economies that manage to grow rapidly on a sustained basis without relying on natural-resource booms – as most of these countries have for a decade or more – typically do so through export-oriented
industrialization.
But few of these countries are experiencing much
industrialization.
And despite much talk about “Make in India,” one of Prime Minister Narendra Modi’s catchphrases, the country shows little indication of rapid
industrialization.
First, growth-promoting structural change has been significant in the recent experience of low-income countries such as Ethiopia, Malawi, Senegal, and Tanzania, despite the absence of
industrialization.
The difference seems to be explained by the fact that the expansion of urban, modern sectors in recent high-growth episodes is driven by domestic demand rather than export-oriented
industrialization.
Much of this was due to an export-led
industrialization
and urbanization strategy that opened up new opportunities in the rapidly expanding cities, where labor, capital, technology, and infrastructure came together to form supply capacities for global markets.
Poor countries could follow the example of South Africa and Botswana and use their natural wealth to force
industrialization
by restricting the export of minerals in raw form (a policy known locally as “beneficiation”).
In fact, an appreciating renminbi would likely deal a serious blow to China’s growth, which essentially relies on a simple, time-tested recipe: encourage
industrialization.
They are the only way to reconcile China’s continued need for
industrialization
with the world economy’s requirement of lower current-account imbalances.
But there is a more fundamental cause: China’s bias toward
industrialization.
China’s government has long viewed
industrialization
as the key to modernization.
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