industrialization


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industrialization

the extensive development of organized economic activity for the purpose of manufacture. Industrialization is characterized by the transformation of a primarily agrarian economy into a more specialized, capital-intensive economy. Such a transformation was termed the Industrial Revolution in western Europe and North America during the 18th and 19th centuries. Compare DEINDUSTRIALIZATION. See STRUCTURE OF INDUSTRY, ECONOMIC DEVELOPMENT.
References in periodicals archive ?
The UN General Assembly, in 1989, proclaimed November 20 'Africa Industrialization Day'.
The UN General Assembly, in 1989, proclaimed November 20 Africa Industrialization Day.
The ICCI head termed it an unwise step as it would badly affect the industrialization and investment in the federal capital.
The aspirations of both parties to push for national industrialization have given rise to optimism in the scientific community.
FPCCI Chairman Regional Standing Committee on Horticulture Exports, Ahmad Jawad said a commitment of Pakistan Tehreek e-Insaf and KP government towards industrialization will help to generate the required economic activity in the province.
Therefore, he said, concerned Ministers, Secretaries and departments should make all out efforts for achieving the targets of industrialization strategy.
McKinley's book contains a series of case studies, and in each of these he explores how industrialization took hold in one part of the South over a specific period of time.
We congratulate the Heads of State and Government of the African continent led by African Union Assembly Chair Robert Mugabe and UNIDO Director-General Li Yong on the global celebration of Africa Industrialization Day.
Realistically speaking, industrialization in private sector has no scope in Balochistan.
AU Commissioner for Trade and Industry, Fatima Haram Acyl, said at the start of a China-Africa poverty eradication meeting Tuesday that while the Millennium Development Goals (MDGs) helped some countries to achieve growth, the gains were too small and they excluded trade and industrialization.
The process of industrialization launched by the President in 2010 gave impetus to the start of restructuring of the national economy and was one of its key growth drivers.
Lopes said "Africa needs an organic proposal for industrialization" that "cannot be just a pure imitation of what others have done" but "a purely African product that takes into account the lessons from these two, but also takes into account the fact that Africa is a late comer when it comes to industrialization.