Third World Industrialisation

Abstract

Since the Second World War a new international division of labour has been gradually replacing the traditional colonial production specialisation between peripheral primary producers and developed industrialised economies. During and after the war, some independent developing countries adopted a policy of import substitution and attempted to produce some of those manufactures at home which they had formerly acquired from abroad, often by relying on direct foreign investments. Moreover, since the mid-1960s an export-oriented industrialisation process has emerged, and as a consequence, some developing countries are becoming sites for manufacturing industry on a rapidly growing scale for the first time.