Search results
Results from the WOW.Com Content Network
The category of newly industrialized country ( NIC ), newly industrialized economy ( NIE) [1] or middle income country [2] is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than that of other ...
Industrialisation ( UK) or industrialization ( US) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing. [3] Industrialisation is associated with increase of polluting industries ...
Import substitution industrialization ( ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products. The term primarily refers to 20th-century ...
Industrial society. In sociology, an industrial society is a society driven by the use of technology and machinery to enable mass production, supporting a large population with a high capacity for division of labour. Such a structure developed in the Western world in the period of time following the Industrial Revolution, and replaced the ...
The following list, including the Four Asian Tigers and new Eurozone European Union countries (except for Czech Republic), were historically considered developing countries and regions until the 1990s, and are now listed as advanced economies (developed countries and regions) by the IMF. Time in brackets is the time to be listed as advanced ...
The new machines helped to improve the productivity of each worker. However, industrialisation also involved the exploitation of new forms of energy. In the pre-industrial economy, most machinery was powered by human muscle, by animals, by wood-burning or by water-power. With industrialisation these sources of fuel were replaced with coal ...
Modernization theory was a dominant paradigm in the social sciences in the 1950s and 1960s, and saw a resurgence after 1991, when Francis Fukuyama wrote about the end of the Cold War as confirmation on modernization theory. [3] The theory is subject of much debate among scholars. [1] [4] [5] [6] Critics have highlighted cases where ...
Modernisation theory attempts to identify the social variables that contribute to social progress and development of societies, and seeks to explain the process of social evolution. [2] Modernisation theory is subject to criticism originating among socialists and free-market ideologies, world-systems theorists, globalisation theorists and ...