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 ?
He was hopeful that the establishment of CPEC Authority would start a new phase of JVs and investment in Pakistan that would promote industrialization, create plenty of new jobs, help in alleviating unemployment and poverty and enable the economy to march on the path of sustainable growth.
Rapid industrial growth accompanied by economy-wide structural change, i.e., industrialization, has historically proven to be closely associated with rising per capita incomes in real terms.
That research project--Jobs, Structural Change and Industry in Africa (https://www.wider.unu.edu/project/jobs-poverty-and-structural-change-africa)--has given us a better understanding of the extent of Africa's industrialization challenge.
So lahat 'yan because it fuels industrialization," Duterte said during the celebration of Eid'l Fitr, the end of the Muslim feast of Ramadan, in Davao City yesterday.
The goal of the forum: to strengthen the institution's engagement with civil society on the path to Africa's industrialization, echoing the Bank's High 5 development priority "Industrialize Africa".
From 1990 to 2015, China's automotive industrialization period, the country went from manufacturing 500,000 cars to more than 25 million cars annually.
Industrialization is synonymous with building human capabilities in this manner; on a broader level, a well industrialized country is able to catalyze the development of technology and equipment that will advance crucial sectors such as agriculture, health and housing.
In his introductory remarks, Stiglitz discusses why industrialization remains relevant as Africa enters the 21st century.
We expect the peace talks to discuss meaningful socioeconomic issues and reforms, such as national industrialization.
Peshawar -- Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Riaz Khattak has said that KP government should grant the same facilities to the existing industries which was approved in the new industrialization policy by the KPK government.
Industrialization of a country ensures its progress in today's world.
Stinking Stones and Rocks of Gold: Phosphate, Fertilizer, and Industrialization in Postbellum South Carolina.