This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps.

Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages.

Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

本书从发展的角度评估了不同国家的发展经验，以及英国在工业革命后的扩张。它解释了为什么有些国家富裕，有些国家贫穷，并讨论了制造业如何使经济繁荣并刺激经济发展。它解释了今天的政府如何设计和实施工业政策，以及如何确定经济战略部门，以突破低收入和中等收入陷阱。

与全球贸易和（不）平衡密切相关，工业化从来都不是一个意外。工业化解释了为什么一些国家经历了出口导向的增长，而另一些国家经历了进口导向的放缓。许多人将工业化与建造工厂大楼混为一谈，而不是通过某些阶段的能力和技能建设过程。工业政策有助于各国在这些阶段取得进展。

本书以易懂的语言解释了技术概念，讨论了发展型国家在工业化和一般经济发展中的能力和局限性，展示了挑选赢家型的产业政策在不同国家是如何运作的。它还讨论了产业政策和科学、技术和创新政策应该如何排序以获得最佳效果。