The main issue of industrializationIndustrialization is investment. Without investment, there cannot be industrializationIndustrialization. Before industrializationIndustrialization, the shared investment by each person was very little. For example, if a mine was to be exploited and a road was to be built, all we needed was a spade, which was very cheap. As industrializationIndustrialization continued, the average amount of investment required per capita increased. So, the first issue to be addressed by industrializationIndustrialization is where to get capital. Britain was the first country to industrialize, followed by France and Germany. It is generally believed that the capital for industrializationIndustrialization was plundered from abroad, but empirical studies in the economic field suggest that this view is wrong. The capital for industrializationIndustrialization came from home, not abroad.

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2006: A Comparative Study of Industrialization

  • Yining Li

摘要

The main issue of industrializationIndustrialization is investment. Without investment, there cannot be industrializationIndustrialization. Before industrializationIndustrialization, the shared investment by each person was very little. For example, if a mine was to be exploited and a road was to be built, all we needed was a spade, which was very cheap. As industrializationIndustrialization continued, the average amount of investment required per capita increased. So, the first issue to be addressed by industrializationIndustrialization is where to get capital. Britain was the first country to industrialize, followed by France and Germany. It is generally believed that the capital for industrializationIndustrialization was plundered from abroad, but empirical studies in the economic field suggest that this view is wrong. The capital for industrializationIndustrialization came from home, not abroad.