Industrial Development and Division of Labour

Name: Industrial Development and Division of Labour
Brand: Cambridge University Press
SKU: 9781108482677
Price: 16487.0 INR
Availability: InStock

by P. Sai-Wing Ho

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ISBN13: 9781108482677
Binding: Hardcover
Subject: N/A
Publisher: Cambridge University Press
Publisher Imprint: Cambridge University Press
Publication Date: May 21, 2026
Pages: 572
Original Price: USD 170.0
Language: English
Edition: N/A
Item Weight: 930 grams
BISAC Subject(s): Development / Economic Development

About The Book

A country's industrial policy aims at promoting the development of sectors that often relate to manufacturing and is especially important for less-developed countries as they seek to catch up economically. Industrial Development and Division of Labor re-examines the long history behind the debate on its formulation and organises the discussion around the two types of division of labour found in Adam Smith's Wealth of Nations. One type has evolved to become the neoclassical perspective and its notion of market failure that has heavily skewed the debate's history. Noting its limitations, including the simplified catch-up learning that is conceived, this book illustrates that arguments for industrial policy that are rejected by Neoclassical economists - so-called 'protectionist' and import-substituting ones - and newer notions involving innovation systems actually share roots with Smith's other type of labour division. They offer broader perspectives on policy that call for establishing elaborate interactive contexts for learning for development.

About The Author

Sai-Wing Ho, P.: - P. Sai-wing Ho is Professor Emeritus in Economics at the University of Denver. His research interest in Development Economics, International Economics and History of Economic Analysis is well encapsulated by his book, Rethinking Trade and Commercial Policy Theories: Development Perspectives (2010) and his many articles published in various heterodox economic journals.

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