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 ?
Udom Emmanuel to industrialize the state, a statement issued on Thursday said.
In the report's foreword, the President of the African Development Bank Group, Akinwumi Adesina, noted that 'Africa must quit being at the bottom of the global value chains and move to rapidly industrialize, with value addition to everything that it produces.
Speaking to reporters on the side line of the meeting, Iranian minister referred to Turkey's rich experience in industrialized housing adding that "we invited Turkish side to make joint investment in Iran to industrialize the country's housing sectors."