Scholars have documented trends towards de-industrialization in much of the developing world in recent decades. This suggests that the traditional route to development has become more difficult. Based on the GGDC/UNU-WIDER Economic Transformation Database (ETD) this paper by Hagen Kruse, Emmanuel Mensah et al analyses industrialization trends - the dynamics of manufacturing output and employment - in 20 Asian, nine Latin American, four Middle Eastern and North African (MENA), and 18 sub-Saharan African economies, at varying levels of economic development. The authors  find that until the early 2000s de-industrialization was widespread, but then the trend reversed. Particular attention is directed at the nature of the manufacturing renaissance in developing Asia and sub-Saharan Africa.
https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2021-28-manufacturing-renaissance-industrialization-trends-developing-world.pdf

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