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The implications of climate change for economic development strategies in developing countries are explored, in particular whether industrialization still represents a viable development strategy in the context of climate change. Synthesizing the relevant literature and drawing insights from a comparison of Chinese and Indian experiences, it is argued that industrialization still represents an effective and, to some extent, indispensable development strategy, especially for those low- and low-middle- income countries that are affected by deindustrialization. [ABSTRACT FROM AUTHOR]

The new commercial globalization changed the map of the global industry. Today's world is different from yesterday. North does not dominate South in the same way. In the South there are large heterogeneities between developing countries, the emerging Asian and Latin American countries, etc. Some countries in the South have come to impose their own rules. However, not all emerging economies in the South have the same capacity prevail, as Latin America. Some Asian countries benefit temporarily from high growth, but experience a process of deindustrialization that weakens them. Some theories and analytical tools have become outdated or inaccurate, such as the center-periphery approach. Countries that yesterday belonged to the periphery have acquired characteristics of the old center and even exercise control over developed countries. [ABSTRACT FROM AUTHOR]

The new commercial globalization changed the map of the global industry. Today's world is different from yesterday. North does not dominate South in the same way. In the South there are large heterogeneities between developing countries, the emerging Asian and Latin American countries, etc. Some countries in the South have come to impose their own rules. However, not all emerging economies in the South have the same capacity prevail, as Latin America. Some Asian countries benefit temporarily from high growth, but experience a process of deindustrialization that weakens them. Some theories and analytical tools have become outdated or inaccurate, such as the center-periphery approach. Countries that yesterday belonged to the periphery have acquired characteristics of the old center and even exercise control over developed countries. [ABSTRACT FROM AUTHOR]