This chapter presents a discussion on a few major recurring themes that have been prominent in the literature on industrialization. The chapter discusses the initial conditions at the beginning of the post-colonial period and their relation to subsequent industrial development. The chapter...

An explanation is sought for the Asian economic"miracle" that occurred between the 1960s and 1990s. Theories about theeconomic growth can be divided into two groups. Accumulation theories stressthe role of investments in moving the inputs and outputs along their productionfrictions. Assimilation...