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Economic Growth Without Industrialization Possibilities
November 17, 2023
Can a country experience economic growth without industrialization?
While industrialization has historically driven economic growth, countries today can experience growth through diverse sectors like services, technology, or agriculture. Industrialization isn't the sole path to growth; however, it often accelerates development due to increased productivity and job creation. Service-oriented economies can also experience growth through innovation, trade, and investment in human capital and infrastructure.
Tags : Economic Growth , Industrialization , Development Models