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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
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Cite this article
Wang,J. (2023). Relations Between De-industrialization and Terms of Trade: A Historical Review and Econometric Examination. Advances in Economics, Management and Political Sciences,15,77-84.
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