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Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia's real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in export...
Persistent link: https://www.econbiz.de/10013019010
transition from the import-substitution industrialization strategy to the outward-oriented neoliberal model of high inequality, a … accounts for two-thirds of total employment in the economy. The trend of persistent deindustrialization and high inequality is …
Persistent link: https://www.econbiz.de/10012423984
transition from the import-substitution industrialization strategy to the outward-oriented neoliberal model of high inequality, a … accounts for two-thirds of total employment in the economy. The trend of persistent deindustrialization and high inequality is …
Persistent link: https://www.econbiz.de/10012161611
manufacturing sector toward high value-added products. However, regional inequality in China has increased considerably behind the … transformation and industrial upgrading on regional inequality. This paper contributes to the literature by employing a database … evolution of regional inequality. In addition, the contributions of the major industries to inequality in industrialization are …
Persistent link: https://www.econbiz.de/10011118153
This paper argues that the single most important factor that explains East Asia's development success was its fast structural transformation toward industrialization, manufacturing in particular. Workers moved out of agriculture into manufacturing, and the sector diversified and upgraded its...
Persistent link: https://www.econbiz.de/10012064711
Industrial transformation of Asia arguably constitutes the most surprising and dramatic change in the global economy in the last fifty years. This paper provides an outline of some of the most important trends of this development and analyses selected national industrial policies that promoted...
Persistent link: https://www.econbiz.de/10011943925
The management of revenues from exhaustible natural resources involves a number of challenges. In this paper, we argue that the standard policy advice to managers of resource revenues has been dominated by short-termism and the lack of a perspective on economic development and structural...
Persistent link: https://www.econbiz.de/10012424095
Mozambique is among the world's least complex economies. By systematically accounting for both supply- and demand-side factors, we identify new products and sectors that can help to diversify and upgrade its economy. In a supply-side analysis, we use network methods from the literature on...
Persistent link: https://www.econbiz.de/10012424128
Three decades of Turkish experience with nonselective industrial policies (consistent with neoliberal policy) clearly demonstrates that structural transformation in Turkish economy could not be achieved. In this paper, we have three motivations. Our first motivation is to discuss overall...
Persistent link: https://www.econbiz.de/10010320449
The debate on industrial policy (IP) has been characterized by a number of contractions over the concept of industrial policy, its merits, contents and application. The purpose of this exploratory paper is to review the debate on IP. Outlining the concept and instruments of industrial policy,...
Persistent link: https://www.econbiz.de/10010280155