INDUSTRIALISATION Flashcards
define industrialisation
the transformation of a society from a largely agrarian economy to one based on manufacturing.
outline one way industrialisation can aid the process of development
One way in which industrialisation can impact on the process of development, is through aiding the process of modernisation. Modernisation theorists, such as Walt Rostow, argue that it is a necessity that nations move from traditional methods of production to more western methods of production
how can countries move from phase 2 to stage 4 of development according to rostows model
According to Rostow’s five stages of
economic growth, nations need to move from stage two - pre-conditions to take off - to stage four - drive
to maturity, and they do this through industrialization. they suggest this can be achieved through western countries providing aid to developing countries which enables them to build factories and infrastructure to kickstart industrialisation.
what does industrialisationn create
the argument is that industrialisation creates jobs within the formal sector, and produce goods to export. therefore, the impact on peoples well being is also positive alongside an increased GDP
WHAT DO CRITICS ARGUE THAT INDUSTRIALSATION ALSO LEADS TO
that on the other hand, industrialisation can lead to unequal development not accessible for everyone. for example, critics like Marxists point out that industrialisation doesn’t always lead to an equal distribution of wealth as it is usually achieved by the exploitation of impoverished workers. therefore, industrialisation is often accompanied by significant inequality which only allows some companies to develop.
why do some critics point out that countries only industrialize if it benefits the west
critics further point out that countries only industrialized if it benefits the west. for example, much of the profits gained through industrialisation find its way back ti western nations, mainly through debt repayments
