Seventeen. Modernization and Industrialization

  1. Thomas H. Holloway Professor of History President Executive Secretary of CLAH
  1. Colin M. Lewis Reader Associate Fellow1,2

Published Online: 21 MAR 2011

DOI: 10.1002/9781444391633.ch17

A Companion to Latin American History

A Companion to Latin American History

How to Cite

Lewis, C. M. (2010) Modernization and Industrialization, in A Companion to Latin American History (ed T. H. Holloway), Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444391633.ch17

Editor Information

  1. University of California at Davis, USA

Author Information

  1. 1

    London School of Economics and Political Science, UK

  2. 2

    Institute for the Study of the Americas, University of London, UK

Publication History

  1. Published Online: 21 MAR 2011
  2. Published Print: 29 NOV 2010

ISBN Information

Print ISBN: 9781405131612

Online ISBN: 9781444391633



  • modernization and industrialization;
  • debate about growth and industrialization - has long exercised historians of Latin America;
  • economic and political forces, market formation in Latin America - 1870–1930 period of global engagement;
  • modernization, combination of market and state initiatives - transfer of part of export surplus in non-export activities;
  • collapse of guano boom and loss of nitrate territories to Chile - Peruvian export earnings, generated by shifting basket of commodities;
  • physical incorporation of new land - application of liberal theories to land legislation;
  • land privatization, connected with marketization of labor;
  • foreign capital markets, responsible for financing basic infrastructure;
  • modernization, urbanization and industrial growth


This chapter contains sections titled:

  • Introduction

  • The World Economy and Latin America: c.1870 and beyond

  • Commodities, Finance, and Migration: Making Markets

  • Land

  • Labor

  • Capital

  • Modernization, Urbanization, and Industrial Growth

  • Conclusion

  • bibliography