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Labor and Economic Growth in Five Asian Countries

Labor and Economic Growth in Five Asian Countries
Author: Walter Galenson
Publisher: Praeger
Total Pages: 152
Release: 1992-03-23
Genre: Business & Economics
ISBN:
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This work explores developments in the labor markets of five countries--South Korea, Malaysia, Taiwan, Thailand, and the Philippines--which have undergone successful economic development during the past quarter of a century. This includes employment, earnings, industrial relations, and social security measures. While the Philippines' progress has lagged, the other four countries constitute the most successful group of the world's developing countries--offering a interesting contrast in approaches to growth. The author's methodology is comparative by specific subject, so that a correlation of developmental stages and the emergence of particular features of the labor market emerges. This study is unique in that inter-country comparisons are made in terms of specific aspects of the labor market. The work will be of interest to economists, political scientists, and sociologists concerned with problems of development. And it will be useful in pointing the way to successful development practices.

Lewisian Turning Point in the Chinese Economy

Lewisian Turning Point in the Chinese Economy
Author: R. Minami
Publisher: Springer
Total Pages: 226
Release: 2014-06-30
Genre: Business & Economics
ISBN: 1137397268
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This volume is concerned with labor market developments in China from a comparative perspective on selected East and South Asian countries. It closely examines the changing structure of China's labor market in the context of the Lewisisan turning point in ecomomic development.

Growth and Productivity in East Asia

Growth and Productivity in East Asia
Author: Takatoshi Ito
Publisher: University of Chicago Press
Total Pages: 404
Release: 2009-02-15
Genre: Business & Economics
ISBN: 0226387070
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Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.

Economic Development in Asian Perspective

Economic Development in Asian Perspective
Author: Shigeru Ishikawa
Publisher: Tokyo : Kinokuniya Bookstore Company
Total Pages: 520
Release: 1967
Genre: Business & Economics
ISBN:
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Monograph on economic development, with particular reference to developing countries of Asia - covers economic theory of economic growth, the lack of investment in agriculture (with special emphasis on irrigation and cultivation techniques), rural workers and underemployment, resource flow between agriculture and industry, development of the manufacturing industry in the light of technological change, etc. Bibliography on statistical sources pp. 469 to 481.

Productivity in Asia

Productivity in Asia
Author: Dale Weldeau Jorgenson
Publisher: Edward Elgar Publishing
Total Pages: 257
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1847208746
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In recent years there have been huge improvements in the methods and data to measure and analyze the sources of economic growth around the world. This volume on the growth accounts for four core economies in East Asia is a vital contribution to our understanding of the dynamics of growth. Bart van Ark, University of Groningen, The Netherlands The outstanding economic performance of East Asian countries has been investigated in numerous studies. However, most comparative studies analyze macro-level productivity. In this book, the productivity performance of China, Korea, Japan, Taiwan and the United States are compared at industry level. The work is a result of an international collaborative research project by RIETI (Research Institute of Economy, Trade and Industry), Japan. The total factor productivity growth and level amongst these five countries sheds new light on the industrial competitiveness of growing Asian economies compared to Japan and the United States. In addition, this book provides detailed information on productivity datasets for these five countries. Productivity in Asia will strongly appeal to scholars of Asian studies, industrial organization and economics as well as those interested in productivity statistics.

East Asia Pacific at Work

East Asia Pacific at Work
Author: World Bank
Publisher: World Bank Publications
Total Pages: 299
Release: 2014-05-07
Genre: Business & Economics
ISBN: 1464800057
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The unprecedented progress of East Asia Pacific is a triumph of working people. Countries that were low-income a generation ago successfully integrated into the global value chain, exploiting their labor-cost advantage. In 1990, the region held about a third of the world’s labor force. Leveraging this comparative advantage, the share of global GDP of emerging economies in East Asia Pacific grew from 7 percent in 1992 to 17 percent in 2011. Yet, the region now finds itself at a critical juncture. Work and its contribution to growth and well-being can no longer be taken for granted. The challenges range from high youth inactivity and rising inequality to binding skills shortages. A key underlying issue is economic informality, which constrains innovation and productivity, limits the tax base, and increases household vulnerability to shocks. Informality is both a consequence of stringent labor regulations and limited enforcement capacity. In several countries, de jure employment regulations are more stringent than in many parts of Europe. Even labor regulations set at reasonable levels but poorly implemented can aggravate the market failures they were designed to overcome. This report argues that the appropriate policy responses are to ensure macroeconomic stability, and in particular, a regulatory framework that encourages small- and medium-sized enterprises where most people in the region work. Mainly agrarian countries should focus on raising agricultural productivity. In urbanizing countries, good urban planning becomes critical. Pacific island countries will need to provide youth with human capital needed to succeed abroad as migrant workers. And, across the region, it is critical to ‘formalize’ more work, to increase the coverage of essential social protection, and to sustain productivity. To this end, policies should encourage mobility of labor and human capital, and not favor some forms of employment - for instance, full-time wage employment in manufacturing - over others, either implicitly or explicitly. Policies to increase growth and well-being from employment should instead reflect and support the dynamism and diversity of work forms across the region.

Asia Rising

Asia Rising
Author: Hal Hill
Publisher: Edward Elgar Publishing
Total Pages: 449
Release: 2013-01-01
Genre: Business & Economics
ISBN: 1781007985
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'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.

Poverty, Inequality, and Inclusive Growth in Asia

Poverty, Inequality, and Inclusive Growth in Asia
Author: Juzhong Zhuang
Publisher: Anthem Press
Total Pages: 493
Release: 2011-10-01
Genre: Business & Economics
ISBN: 9780857288387
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While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.

Moving Up The Ladder: Development Challenges For Low And Middle-income Asia

Moving Up The Ladder: Development Challenges For Low And Middle-income Asia
Author: Shigesaburo Kabe
Publisher: World Scientific
Total Pages: 267
Release: 2016-03-07
Genre: Business & Economics
ISBN: 9814725188
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Besides export expansion, a growing middle class in Asia has contributed to the area's economic expansion, providing Asian countries with a window of opportunity to leap from low/middle income levels to high income levels. It may sound easy for these countries to run up the ladder of economic growth, but the potential risks of quickly shifting from low/middle to high income levels are often overlooked. Careful studies in history reveal that the experience of moving up the ladder of economic growth has varied among countries.This book explores (1) the current state of Asian economies and 2) the conditions or policy counter-measures that lead to higher income levels under changing external circumstances. This is illustrated through case studies on five Asian economies, with emphasis on their structural problems. It also aims to paint a comprehensive picture of necessary policies, which will encourage Asian countries to move up the ladder of growth.

Asian Transformations

Asian Transformations
Author: Deepak Nayyar
Publisher: Oxford University Press
Total Pages: 544
Release: 2019-08-29
Genre: Business & Economics
ISBN: 0192583484
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Gunnar Myrdal published his magnum opus, Asian Drama: An Inquiry into the Poverty of Nations, in 1968. He was deeply pessimistic about development prospects in Asia. The fifty years since then have witnessed a remarkable social and economic transformation in Asia - even if it has been uneven across countries and unequal between people - that would have been difficult to imagine, let alone predict at the time. Asian Transformations: An Inquiry into the Development of Nations analyses the fascinating story of economic development in Asia spanning half a century. Asian Transformations sets the stage by discussing the contribution of Gunnar Myrdal to the debate on development then and now and providing a long-term historical perspective on Asia in the world. It then uses cross-country thematic studies on governments, economic openness, agricultural transformation, industrialization, macroeconomics, poverty and inequality, education and health, employment and unemployment, institutions, and nationalisms to analyse processes of change while recognizing the diversity in paths and outcomes. Specific country studies on China, India, Indonesia and Vietnam, and sub-region studies on East Asia, Southeast Asia, and South Asia, further highlight turning points in economic performance and demonstrate factors underlying success or failure. Including in-depth studies by eminent economists and social scientists, Asian Transformations comprehensively examines the phenomenal changes that are transforming economies in Asia and shifting the balance of economic power in the world and reflects on the future prospects for this continent over the next twenty-five years. It is a cohesive and multi-disciplinary study of a rapidly changing economic landscape, and makes an important contribution to understanding the complexities and processes of development from different perspectives.