Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation
Title | Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation PDF eBook |
Author | Manoj Atolia |
Publisher | International Monetary Fund |
Total Pages | 49 |
Release | 2018-09-28 |
Genre | Business & Economics |
ISBN | 1484377494 |
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
Title | New Structural Economics PDF eBook |
Author | Justin Yifu Lin |
Publisher | World Bank Publications |
Total Pages | 389 |
Release | 2012-01-06 |
Genre | Business & Economics |
ISBN | 0821389556 |
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
Title | Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation PDF eBook |
Author | Manoj Atolia |
Publisher | International Monetary Fund |
Total Pages | 49 |
Release | 2018-10-01 |
Genre | Business & Economics |
ISBN | 1484378911 |
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?
Title | Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? PDF eBook |
Author | Dongyeol Lee |
Publisher | International Monetary Fund |
Total Pages | 24 |
Release | 2019-05-24 |
Genre | Business & Economics |
ISBN | 1498317316 |
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.
At Your Service?
Title | At Your Service? PDF eBook |
Author | Gaurav Nayyar |
Publisher | World Bank Publications |
Total Pages | 364 |
Release | 2021-10-18 |
Genre | Business & Economics |
ISBN | 1464817103 |
Manufacturing-led development has provided the traditional model for creating jobs and prosperity. But in the past three decades the conventional pattern of structural transformation has changed, with the services sector growing faster than the manufacturing sector. This raises critical questions about the ability of developing economies to close productivity gaps with advanced economies and to create good jobs for more people. At Your Service? The Promise of Services-Led Development (www.worldbank.org/services-led-development) assesses the scope of a services-driven development model and policy directions that can maximize the model’s potential.
The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy
Title | The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy PDF eBook |
Author | Reda Cherif |
Publisher | International Monetary Fund |
Total Pages | 79 |
Release | 2019-03-26 |
Genre | Business & Economics |
ISBN | 1498305563 |
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.
Disrupted Development and the Future of Inequality in the Age of Automation
Title | Disrupted Development and the Future of Inequality in the Age of Automation PDF eBook |
Author | Lukas Schlogl |
Publisher | Springer Nature |
Total Pages | 108 |
Release | 2020-01-13 |
Genre | Social Science |
ISBN | 3030301311 |
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.