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Beyond Industrialization New Approaches to Development Strategy Based on the Service Sector

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  • Peter Sheehan

Abstract

This paper argues that it is becoming increasingly difficult for most developing countries to achieve rapid growth through industrialization, and especially through export oriented activities. But the key mechanisms seen as driving the industrial take-off in much of the literature (internal increasing returns, transfer of labour into higher value activities and pecuniary externalities) are alive and well, and are evident in services as well as in industry.

Suggested Citation

  • Peter Sheehan, 2009. "Beyond Industrialization New Approaches to Development Strategy Based on the Service Sector," Working Papers id:1849, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:1849
    as

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    File URL: http://www.eSocialSciences.com/data/articles/Document1322009520.3288385.pdf
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    References listed on IDEAS

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    3. Elena Ianchovichina & Terrie Walmsley, 2005. "Impact of China's WTO Accession on East Asia," Contemporary Economic Policy, Western Economic Association International, vol. 23(2), pages 261-277, April.
    4. Murphy, Kevin M & Shleifer, Andrei & Vishny, Robert W, 1989. "Industrialization and the Big Push," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1003-1026, October.
    5. Costas Azariadis & Allan Drazen, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 501-526.
    6. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    7. Barry Eichengreen & Yeongseop Rhee & Hui Tong, 2007. "China and the Exports of Other Asian Countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 201-226, July.
    8. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, April.
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    More about this item

    Keywords

    industrialization; services; development strategy; rapid growth; China; India; human welfare; poor countries; rural areas; industry; agricultural; output;
    All these keywords.

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