ABSTRACT
This chapter complements Chapter 1 in presenting the evolution and current state of industrialization and deindustrialization using hard facts (statistics) and the results from indicative regression analyses shown in a series of informative graphic visualizations. What do we really know about the changing state of global manufacturing and manufacturing-related services? How has the trend of premature deindustrialization emerged in many parts of the developing world? How have the changing shares of manufacturing in total output (value-added), total employment, and international trade been associated with international income convergence/divergence? With the rapid technological upgrading and extension of global value chains (GVCs) for manufacturing, are there any spaces where developing countries can establish manufacturing activities? Global, regional, and sample countries’ statistics are presented to identify ongoing real-world changes. Past evolution, current trends, and challenges in promoting inclusive industrial development are shown graphically, before proceeding to finer and specific accounts of issues in designing and implementing integrated industrial policies for sustained and inclusive development.
