Does industrial policy work? This is a subject of long-standing debates among economists and policymakers. Using newly digitized microdata, we evaluate the Korean government's policy that promoted heavy and chemical industries between 1973 and 1979 by cutting taxes and building new industrial...

Pakistan's growth strategy for the economy, as outlined in the 2011 framework for economic growth, calls for reinvigorating the industrial sector and increasing exports. The industrial structure of the country has not experienced any significant changes in the past thirty years. Inadequate...

By analyzing the status quo of the industrial economy, this book argues that the economic growth in China’s industrial economy will continue to decline, with industries becoming segmented more rapidly, profitability slumping, and economic structures being adjusted further. It also provides...

This paper examines industrialization trends in developing countries. It uses the GGDC/UNU-WIDER Economic Transformation Database, which provides time series of employment and real and nominal value added annually by 12 sectors in 51 countries for the period 1990-2018. Until the early 2000s...