State-led Industrialization
Definition
This is a strategy for economic development where the government takes an active role in promoting industrial growth, often through subsidies, tariffs, and state-owned enterprises.
Analogy
Think of state-led industrialization like a school science fair. The students (industries) are working on their projects (products), but the teacher (government) provides guidance, resources, and sometimes even direct assistance to ensure success.
Related terms
Subsidies: These are financial aids provided by the government to support industries that they believe will benefit the economy or society as a whole.
Tariffs: These are taxes imposed on imported goods. They're like entrance fees at a concert - you have to pay extra if you want something from outside.
State-owned Enterprises: These are businesses owned by the government. Imagine if your school owned a bakery - it's similar to that!
"State-led Industrialization" appears in:
Study guides (1)
Practice Questions (15)
Which cultural shift occurred in Russia as a result of state-led industrialization under Peter the Great?
Which of the following countries did not pursue state-led industrialization during the 19th and early 20th centuries?
Which figure was instrumental in advancing state-led industrialization in their respective country?
What was a significant effect of state-led industrialization in Russia during the late 19th and early 20th centuries?
Which economic policy was instrumental for Japan's state-led industrialization during the Meiji Restoration?
What was a common issue faced by countries undergoing state-led industrialization during the late 19th and early 20th centuries?
What distinguishes the methods employed by Otto von Bismarck in Germany from those used by Emperor Meiji in Japan during their nation's process of state-led industrialization?
Which aspect differentiates state-led industrialization during the late Qing Dynasty China from that of Meiji Japan?
What were the impacts of state-led industrialization on the social structure in Meiji Japan versus Tsarist Russia?
How did the Meiji Restoration contribute to state-led industrialization in Japan during the 19th century?
How did China's Qing Dynasty influence its late entry into state-led industrialization?
How did the American Civil War impact the pace of state-led industrialization in the United States?
Which of these factors was most instrumental in fostering state-led industrialization during the late 19th and early 20th centuries?
What drove governments to adopt protectionist policies during periods of state-led industrialization?
How did state-led industrialization affect global power dynamics during the late 19th to early 20th centuries?
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