Capital Intensive Industries In Newly Industrializing Countries

This study focuses on the problems and prospects of the automobile and the steel industries contributing to Brazilian economy in the international division of labour. It gives insights on importance of the competing hypotheses on the manufactured export performance of these industries.

First published in 1984, this textbook analyses, at both aggregate and micro economic levels, the contemporary industrial conditions in Third World countries and relates this to the process of economic growth and structural transformation. Drawing upon both industrial and development economics, the authors offer a comprehensive and integrated treatment of the different levels of industrial analysis in less developed countries, alongside a wealth of comparative data on industrial structure, business concentration and behaviour, and industrial policies in a cross-section of countries in Africa, Asia, the Far East and Latin America.

Textbook on industrial development trends and trade policies in developing countries (newly industrializing countries) - discusses alternative development policies, the risks of protectionism, trade barriers and tariff reductions, the role of developed countries, the changing pattern of comparative advantage, international division of labour and trade in industrial products, provides an evaluation of economic policy response to external shocks, and includes national level case studies. References.

Developing countries have undergone significant industrialization in the last three decades. Yet industrial growth reveals marked spatial inequalities in terms of both country and location. The Newly Industrialised Countries have achieved spectacular growth in sharp contrast to many other countries of the South. Industrial structure has changed, moving away from labour intensive industries to more technologically advanced manufacturing. Developing countries have had considerable success in penetrating developed country markets but they are now encountering more market restrictions. The role of the government in the development of the economy is also changing. Increasingly, countries are turning towards export-orientated industrialization strategies and privatization whilst their governments are emphasising their facilitative role.