New Perspectives on Structural Change

New Perspectives on Structural Change

Author: Ludovico Alcorta

Publisher: Oxford University Press

ISBN: 9780192590374

Category: Business & Economics

Page: 688

View: 643

New Perspectives on Structural Change is a comprehensive edited volume that outlines both the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field. The volume consists of four main sections. The first section covers the theoretical foundations of the structural change literature. The second section presents an empirical overview of the major trends of structural change, using up-to-date data sources and methods. The third section presents a broad ranging empirical analysis of the drivers of structural change. The fourth section examines how processes such as inclusive growth, poverty reduction, productive employment, the global income distribution, and environmental sustainability are affected by structural change, and how they can be influenced by policy.

Ersatz Capitalism and Industrial Policy in Southeast Asia

Ersatz Capitalism and Industrial Policy in Southeast Asia

Author: Fabian Bocek

Publisher: Routledge

ISBN: 9781000601558

Category: Social Science

Page: 262

View: 382

This book applies and develops the concept of “ersatz capitalism” in the analysis of industrial policy blockades to economic development in Malaysia and Indonesia. Drawing on insights from international political economy, development studies, industrial and innovation policy, and new institutionalism to refer to a specific type of capitalism, the book analyzes different paths and institutions of economic development within the entire East Asian region. Comprehensive theoretical insights are complemented by empirical case studies that relate to country and sectoral studies – the automotive and ICT industries – in Malaysia and Indonesia. Applying contemporary research on international political economy to refer to a specific type of capitalism, the author examines how conflicts of interest between factions of state apparatus, associations, and companies contribute to the failure of developmental policies. The unique combination of theory formation and empirical analysis provides a novel approach to international comparative research on capitalism. The book will be of interest to researchers in the fields of international political economy, development studies, new institutionalism, East Asian and Southeast Asian studies, and industrial and innovation policy.

Asian Development Outlook 2017

Asian Development Outlook 2017

Author: Asian Development Bank

Publisher: Asian Development Bank

ISBN: 9789292577889

Category: Business & Economics

Page: 668

View: 845

The annual Asian Development Outlook analyzes economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Most regional economies saw recovery propelled last year by higher external demand and rebounding global commodity prices. These factors will likely continue to support growth this year and next despite rebalancing in the People's Republic of China and tepid recovery in the advanced economies. Risks to growth stem from uncertain policy directions in the advanced economies, including an anticipated tightening of US monetary policy. While short-term risks appear manageable, spillover to capital flows and exchange rates require monitoring. Decades of rapid growth lifted most of developing Asia from low- to middle-income status. Sustained growth to escape the middle-income trap must come largely from improved total factor productivity, which is achieved by fostering entrepreneurial innovation and investing in human capital and infrastructure. The difficult transition from middle to high income further demands a sound institutional framework and policy environment anchored on macroeconomic stability. Developing Asia's dynamic yet sure-footed track record indicates that it can transcend the middle-income challenge.

Designing Integrated Industrial Policies Volume I

Designing Integrated Industrial Policies Volume I

Author: Shigeru Thomas Otsubo

Publisher: Routledge

ISBN: 9781000210484

Category: Business & Economics

Page: 410

View: 259

This comprehensive reference work gives an overview of the industrial development and current state of industrialization and deindustrialization in Asia, specifically Southeast Asia and China. It introduces typologies of industrial policies and discusses the manufacturing sector and its evolving role in the region. Designing Integrated Industrial Policies examines the integration of SMEs in global value chains and provides macro-econometric and firm-based micro-econometric analyses of (de)industrialization. This book will be a very useful reference particularly as a how-to guide on industrial promotion and designing integrated industrial policies not only for economic growth and job creation but also for "inclusive" development. It presents country cases and illustrates useful tools for industrial policy simulation and for evidence-based policy making through these concrete examples.

Designing Integrated Industrial Policies Volume II

Designing Integrated Industrial Policies Volume II

Author: Shigeru Thomas Otsubo

Publisher: Routledge

ISBN: 9781000210392

Category: Business & Economics

Page: 292

View: 127

Very little has been written on industrialization and deindustrialization in Asia and Africa. This reference work sheds illuminating light upon the industrial development in Asia and Africa. It also provides an in-depth look into China’s engagement and migrant labour in Africa. The book also addresses the roles of public-private partnership (PPP) and international development cooperation and how they are fundamental to industrialization in Asia and Africa. Designing Integrated Industrial Policies will be a very useful reference particularly as a how-to guide on industrial promotion and designing integrated industrial policies not only for economic growth and job creation but also for "inclusive" development. It comes with country cases and illustrates useful tools for industrial policy simulation and for evidence-based policy making through these concrete examples.

The Oxford Handbook of Industrial Policy

The Oxford Handbook of Industrial Policy

Author: Arkebe Oqubay

Publisher: Oxford University Press, USA

ISBN: 9780198862420

Category: Business & Economics

Page: 981

View: 298

Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

China's Industrial Policy Transformation: Theory And Practice

China's Industrial Policy Transformation: Theory And Practice

Author: Hanquan Huang

Publisher: World Scientific

ISBN: 9789811224096

Category: Political Science

Page: 360

View: 435

The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.

Trade Liberalisation and Economic Development in Africa

Trade Liberalisation and Economic Development in Africa

Author: Gift Mugano

Publisher: Routledge

ISBN: 9781000457919

Category: Business & Economics

Page: 258

View: 645

This book provides a thorough and rigorous discussion on the impact of trade liberalisation on economic development with a special focus on the African continent. The author presents the rationale for trade liberalisation, trade liberalisation frameworks, the trade liberalisation economic development nexus, impediments to trade, and contemporary issues of international trade. In this book, notwithstanding the benefits from trade liberalisation, the author shows that African trade as a share of global trade has remained flat at 3% as in 1975, while the continent’s exports have remained raw materials and its intra-regional trade at less than 15% of total trade, which is the lowest in the world (UNCTAD, 2020). With respect to key economic development indicators such as economic growth, poverty levels, and employment levels, this book shows that, ironically and in direct contrast with the conventional views that trade liberalisation alleviates poverty, trade liberalisation in Africa has resulted in high levels of unemployment and low economic growth which ultimately lead to increased poverty. In addition, this book provides a detailed analysis of why trade liberalisation has failed to yield meaningful benefits to Africa. The binding constraints and blockages which prevent positive spin-offs on trade liberalisation in Africa are discussed in detail in this book. In the same vein, the author provides practical strategies which must be adopted by African countries in order to gain from trade liberalisation, making this work a must-read for African governments, academia, trade experts, regional trading blocs, the World Trade Organization, and development partners. In view of this, and as part of the disruptive and structural transformation policies, the author discusses case studies and international experience contextualised to Africa as well as strategies for addressing the trade-related infrastructure gap, production capacities, export promotion, and aid for trade.

Developmentalism, Dependency, and the State: Industrial Development and Economic Change in Namibia since 1900

Developmentalism, Dependency, and the State: Industrial Development and Economic Change in Namibia since 1900

Author: Christopher Hope

Publisher: BASLER AFRIKA BIBLIOGRAPHIEN

ISBN: 9783906927213

Category: History

Page: 197

View: 214

Why does Namibia’s economy look the way it does today? Was the reliance on raw materials for exports and on the service sector for employment an inevitability? And for what reasons has the manufacturing sector – the vehicle for economic development for many now-high income countries throughout the 19th and 20th centuries – seen its growth held back? With these questions in mind, this book offers an extensive analysis of industrial development and economic change in Namibia since 1900, exploring their causes, trajectory, vicissitudes, context, and politics. Its focus is particularly on the motivations behind the economic decisions of the state, arguing that power relations – both internationally and domestically – have held firm a status quo that has resisted efforts towards profound economic change. This work is the first in-depth economic study covering both the colonial and independence eras of Namibia’s history and provides the first history of the country’s manufacturing sector.

A Strategic Approach to the UK Construction Industry

A Strategic Approach to the UK Construction Industry

Author: Stephen Gruneberg

Publisher: Routledge

ISBN: 9781351611787

Category: Business & Economics

Page: 84

View: 144

The construction industry is a microcosm of the economy as a whole, and as such the economics of the sector contains many of the aspects of the economy in general, albeit with fascinating and unique features. What are the implications of economic theory for the future of UK construction? How does the industry ensure innovation, quality and efficiency? What priorities might best serve the construction industry, those working in it and their customers? In seeking answers to these and other questions, the UK government has commissioned a number of reports on the construction industry including the Latham and Egan reports and more recently Construction 2025. These have invariably proposed time and cost targets for the construction industry. In this new book, Stephen Gruneberg stands in stark contrast to those reports and presents the relevant theoretical aspects of construction economics to account for the behaviour of construction firms and suggest a strategy for future growth and sustainability. He discusses the theory and data relating to the output of firms in relation to the type of firm, the market and how these firms behave as a result. The purpose of this book is to advocate the measures needed to create the kind of industry that must be fostered to ensure the quality of its output, sustainability and the fair terms and conditions of employment for its workforce. Gruneberg’s new book is essential reading for anyone wishing to understand the economic forces that determine industry outcomes and who has a stake in the success of the UK construction sector.