Growth, Trade, and Deindustrialization

Growth, Trade, and Deindustrialization
Author: Mr.Ramana Ramaswamy
Publisher: International Monetary Fund
Total Pages: 29
Release: 1998-04-01
Genre: Business & Economics
ISBN: 1451848021

This paper shows that deindustrialization is explained primarily by trends internal to the advanced economies. These include the combined effects on manufacturing employment of a relatively faster growth of productivity in manufacturing, the associated relative price changes, and shifts in the structure of demand between manufactures and services. North-South trade explains less than one fifth of deindustrialization in the advanced economies. Moreover, the contribution of North-South trade to deindustrialization has been mainly through its effects in stimulating labor productivity in Northern manufacturing. It has had little enduring effect on total manufacturing output in the advanced economies.

Trade and Poverty

Trade and Poverty
Author: Jeffrey G. Williamson
Publisher: MIT Press
Total Pages: 315
Release: 2011-01-07
Genre: Business & Economics
ISBN: 0262295180

How the rise of globalization over the past two centuries helps explain the income gap between rich and poor countries today. Today's wide economic gap between the postindustrial countries of the West and the poorer countries of the third world is not new. Fifty years ago, the world economic order—two hundred years in the making—was already characterized by a vast difference in per capita income between rich and poor countries and by the fact that poor countries exported commodities (agricultural or mineral products) while rich countries exported manufactured products. In Trade and Poverty, leading economic historian Jeffrey G. Williamson traces the great divergence between the third world and the West to this nexus of trade, commodity specialization, and poverty. Analyzing the role of specialization, de-industrialization, and commodity price volatility with econometrics and case studies of India, Ottoman Turkey, and Mexico, Williamson demonstrates why the close correlation between trade and poverty emerged. Globalization and the great divergence were causally related, and thus the rise of globalization over the past two centuries helps account for the income gap between rich and poor countries today.

Deindustrialization

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

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.

Macroeconomics of Climate Change in a Dualistic Economy

Macroeconomics of Climate Change in a Dualistic Economy
Author: Sevil Acar
Publisher: Academic Press
Total Pages: 156
Release: 2018-01-25
Genre: Business & Economics
ISBN: 0128135204

Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations. - Couples a CGE climate change mitigation policy analysis with a dual economy approach - Presents methods to model and assess policy instruments for mitigating climate change - Provides data sets and models on a freely-accessible companion website - Offers a path for those seeking an applied economic research framework to study economic considerations

De-Industrialization Foreign

De-Industrialization Foreign
Author: R. E. Rowthorn
Publisher: Cambridge University Press
Total Pages: 454
Release: 1987-11-01
Genre: Business & Economics
ISBN: 9780521269476

The Factory-free Economy

The Factory-free Economy
Author: Lionel Fontagné
Publisher: Oxford University Press
Total Pages: 383
Release: 2017
Genre: Business & Economics
ISBN: 019877916X

An economic analysis of de-industrialization that considers the ongoing transformation of the industrial economies and the consequences for economic policy.

International Encyclopedia of Human Geography

International Encyclopedia of Human Geography
Author:
Publisher: Elsevier
Total Pages: 7278
Release: 2019-11-29
Genre: Social Science
ISBN: 0081022964

International Encyclopedia of Human Geography, Second Edition, Fourteen Volume Set embraces diversity by design and captures the ways in which humans share places and view differences based on gender, race, nationality, location and other factors—in other words, the things that make people and places different. Questions of, for example, politics, economics, race relations and migration are introduced and discussed through a geographical lens. This updated edition will assist readers in their research by providing factual information, historical perspectives, theoretical approaches, reviews of literature, and provocative topical discussions that will stimulate creative thinking. Presents the most up-to-date and comprehensive coverage on the topic of human geography Contains extensive scope and depth of coverage Emphasizes how geographers interact with, understand and contribute to problem-solving in the contemporary world Places an emphasis on how geography is relevant in a social and interdisciplinary context

Trade and Industrial Development in Africa

Trade and Industrial Development in Africa
Author: Moyo, Theresa
Publisher: CODESRIA
Total Pages: 406
Release: 2015-03-02
Genre: Business & Economics
ISBN: 2869785712

This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa's development. It uses data drawn from national development plans and strategies, and trade and industry issues have been prioritized at the continental level, in key policy documents. On the whole Africa's industry and trade performance have been poor in spite of national, regional, and continental plans. The contributors to this volume propose some alternative strategies and policies which are necessary for trade and industry to grow and to contribute to the well-being of Africa's people. It calls for a developmental trade and industry policy which, fundamentally, must be people-centred. African states should invest time, energy and resources to develop policies which will take into consideration African realities.The different contributors are aware that Africa has experienced strong economic growth in the recent past but this growth has largely been due to a strong demand for Africa's primary commodity exports. It has also been a result of increases in productivity and domestic investment and remittances from Africans living in the Diaspora. It is important to note that despite this unprecedented growth performance, the impact of trade and industry on development has been limited. The book argues that a structural transformation of Africa's economies is inevitable if Africa is to achieve the shift from the dominant paradigm of production and export of primary goods. The various contributors to this book agree that there is need to rethink policy and strategy in order to achieve industrial development in Africa. There is no unique solution or answer that can fit all situations as African countries are not the same. While Africa can draw lessons from other regions which have successfully industrialized, this book argues that policies and strategies will have to be adapted to country-specific situations and circumstances.

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

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.