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Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation
Author: Manoj Atolia
Publisher: International Monetary Fund
Total Pages: 49
Release: 2018-09-28
Genre: Business & Economics
ISBN: 1484377494

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This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.


New Structural Economics

New Structural Economics
Author: Justin Yifu Lin
Publisher: World Bank Publications
Total Pages: 389
Release: 2012-01-06
Genre: Business & Economics
ISBN: 0821389556

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Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy. The market is the basic mechanism for effective resource allocation at each level of development. However, economic development as a dynamic process entails structural changes, including industrial upgrading and diversification and corresponding improvements in hard and soft infrastructure. Such upgrading and improvements require coordination and go hand in hand with large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating structural changes. The book provides empirical evidence in support of this framework as well as concrete advice to development practitioners.


Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation
Author: Manoj Atolia
Publisher: International Monetary Fund
Total Pages: 49
Release: 2018-10-01
Genre: Business & Economics
ISBN: 1484378911

Download Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation Book in PDF, ePub and Kindle

This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.


Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?
Author: Dongyeol Lee
Publisher: International Monetary Fund
Total Pages: 24
Release: 2019-05-24
Genre: Business & Economics
ISBN: 1498317316

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Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.


Disrupted Development and the Future of Inequality in the Age of Automation

Disrupted Development and the Future of Inequality in the Age of Automation
Author: Lukas Schlogl
Publisher: Springer Nature
Total Pages: 108
Release: 2020-01-13
Genre: Social Science
ISBN: 3030301311

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This open access book examines the future of inequality, work and wages in the age of automation with a focus on developing countries. The authors argue that the rise of a global ‘robot reserve army’ has profound effects on labor markets and economic development, but, rather than causing mass unemployment, new technologies are more likely to lead to stagnant wages and premature deindustrialization. The book illuminates the debate on the impact of automation upon economic development, in particular issues of poverty, inequality and work. It highlights public policy responses and strategies–ranging from containment to coping mechanisms—to confront the effects of automation.


The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy
Author: Reda Cherif
Publisher: International Monetary Fund
Total Pages: 79
Release: 2019-03-26
Genre: Business & Economics
ISBN: 1498305563

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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.


Structural Transformation in South Africa

Structural Transformation in South Africa
Author: Antonio Andreoni
Publisher: Oxford University Press
Total Pages: 411
Release: 2021
Genre: Business & Economics
ISBN: 0192894315

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Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.


Deindustrialization

Deindustrialization
Author: Mr.Ramana Ramaswamy
Publisher: International Monetary Fund
Total Pages: 39
Release: 1997-04-01
Genre: Business & Economics
ISBN: 1451975821

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All advanced economies have experienced a secular decline in the share of manufacturing employment—a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industrial dynamism in an already developed economy, and that North-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization for the growth prospects and the nature of labor market arrangements in the advanced economies.


Measuring and Analyzing the Impact of GVCs on Economic Development

Measuring and Analyzing the Impact of GVCs on Economic Development
Author: World Trade Organization
Publisher: World Trade Organization
Total Pages: 0
Release: 2017
Genre: Political Science
ISBN: 9789287041258

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This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.


The Least Developed Countries Report 2020

The Least Developed Countries Report 2020
Author: United Nations
Publisher:
Total Pages: 192
Release: 2021-01-06
Genre: Business & Economics
ISBN: 9789211129984

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This series contains the decisions of the Court in both the English and French texts.