Advances in Economics, Management and Political Sciences
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Proceedings of the 2nd International Conference on Business and Policy Studies
Series Vol. 15 , 13 September 2023
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Relations Between De-industrialization and Terms of Trade: A Historical Review and Econometric Examination
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Abstract
The international trade and industrial structure since the industrial revolution have changed significantly featured with a booming trade volume and unprecedented speed of industrialization. However, under the current of industrial process of western nations, the third-world countries, are experiencing a de-industrial process. Through industrialization and de-industrialization, the structure of the world was significantly changed, and the world was later classified as the developed and developing nations. This classification still works for current world order. Thus, tracing the reason that the process of world classification is vital, which could better enhance the understanding of contemporary world. This paper aims to analyse the reasons for the de-indudstrialization in the peripheries with a historical and econometric review.
Keywords
industrial revolution, de-industrialization, international division of labour, terms of trade, manufacturing level
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-915371-73-7
- ISBN (Online)
- 978-1-915371-74-4
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/15/20230866
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited