Summary of Industrial Convergence, Globalization, and the...

Summary Arrighi,G,. Silver,J,B,. and Brewer,D,B,. 2003. Industrial Convergence, Globalization, and the Persistence of the North-South Divide. Studies in Comparative International Development. p.3-31 Through the use of descriptive and comparative analysis, the authors intend on demonstrating that the convergence of the industrialization gap was not accompanied by a convergence in the income levels gap between former First World and Third World countries. Thus, the North-South divide still exists. Through economic models, the persistence of the North-South income divide is explained. Simultaneously, the authors discuss the development project and globalization project and how the shifts occurred. Additionally, the reproduction of the†¦show more content†¦Due to this legacy, it is anticipated that decolonization and industrialization of Third World countries would reduce the North-South divide. The authors moreover, explain that theories of national development believed that industrialization was essential for Third World countries to attain wealth standards of the First World countries. This became the objective of the Third World development efforts and the narrowing of the industrialization gap was the instrument through which this would be achieved (Arrighi,G,. Silver,J,B,. and Brewer,D,B,. 2003.p.6). This subsequently led to synonymous use of industrialization and development. To conclude this subsection, the authors provide reasons to why the paper focuses on industrialization and the North-South divide. Firstly, the reasons for focusing on industrialization are because the authors wish to verify empirically the validity of the theory (or assumption) that industrialization is the most effective means of achieving the development efforts objective. Further reasons include that industrialization has costs and benefits, but these quantifiable costs are visible and invisible. On the other hand, the focus on the North-South divide is aimed at assessing the success or failure of the Third World development efforts. In the next subsection, the authors use empiricalShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2 005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesAmerican History. Revised and Expanded Edition E SSAYS ON _ T WENTIETH- C ENTURY H ISTORY Edited by Michael Adas for the American Historical Association TEMPLE UNIVERSITY PRESS PHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright  © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by