Industrialisation in LDCs Deepak Nayyar The international relocation of manufacturing production has, it would seem, contributed to the rapid growth of manufactured exports and industrialisation in a few countries of the third world. It has become fashionable to fonts on the recent development experience of Hong Kong, Singapore, South Korea and Taiwan with the prescription that their experience can be replicated advantageously in other third world countries. Such an approach to the East Asian experience, as "export-led industrialisation", implies, first, that the production of manufactured exports was the leading factor in their growth process and, second, that this pattern of growth constitutes genuine industrialisation.