Theoretical Arguments for Industrialisation-Driven Growth and Economic Development.

39 Pages Posted: 24 Feb 2016

See all articles by Tommaso Ciarli

Tommaso Ciarli

SPRU, University of Sussex

Michele Di Maio

University of Naples Parthenope

Date Written: October 01, 2013

Abstract

We review the theories of growth and economic development in which the industrial sector plays a role. We briefly discuss the theoretical arguments that have been put forward in each of them and summarise the explanation of how industrialisation promotes growth and economic development. We follow an (occasionally overlapping) chronological order and find it convenient to distinguish three main periods in development thinking: the theories of the stages of economic development; the classical theories of economic development; and the modern views.

The paper shows that, with few exceptions, industrialisation has always been considered the driver of economic growth in economic theory. However, in much of the relevant literature, the superiority of industry is assumed or observed, rather than explained, suggesting that there are a number of unresolved issues behind the different theoretical arguments for industrialisation-led economic development. Any development policy that focuses on industrialisation should consider these arguments in relation to specific objectives and contexts, rather than taking them for granted.

Suggested Citation

Ciarli, Tommaso and Di Maio, Michele, Theoretical Arguments for Industrialisation-Driven Growth and Economic Development. (October 01, 2013). SWPS 2013-06, Available at SSRN: https://ssrn.com/abstract=2736806 or http://dx.doi.org/10.2139/ssrn.2736806

Tommaso Ciarli (Contact Author)

SPRU, University of Sussex ( email )

Jubilee Building
University of Sussex
Falmer, Brighton, Sussex BN1 9SL
United Kingdom

Michele Di Maio

University of Naples Parthenope ( email )

via Medina 40
Naples, 80133
Italy

HOME PAGE: http://sites.google.com/site/micdimaio/micheledimaio

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
168
Abstract Views
646
rank
210,393
PlumX Metrics