Industrial Transformation In The Developing World
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| Author | : Mary Hallward-Driemeier |
| Publisher | : World Bank Publications |
| Total Pages | : 288 |
| Release | : 2017-10-12 |
| Genre | : Business & Economics |
| ISBN | : 1464811938 |
Technology and globalization are threatening manufacturing’s traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how effective they could be. Trouble in the Making? The Future of Manufacturing-Led Development addresses three questions: - How has the global manufacturing landscape changed and why does this matter for development opportunities? - How are emerging trends in technology and globalization likely to shape the feasibility and desirability of manufacturing-led development in the future? - If low wages are going to be less important in defining competitiveness, how can less industrialized countries make the most of new opportunities that shifting technologies and globalization patterns may bring? The book examines the impacts of new technologies (i.e., the Internet of Things, 3-D printing, and advanced robotics), rising international competition, and increased servicification on manufacturing productivity and employment. The aim is to inform policy choices for countries currently producing and for those seeking to enter new manufacturing markets. Increased polarization is a risk, but the book analyzes ways to go beyond focusing on potential disruptions to position workers, firms, and locations for new opportunities. www.worldbank.org/futureofmanufacturing
| Author | : Klaus Schwab |
| Publisher | : Crown Currency |
| Total Pages | : 194 |
| Release | : 2017-01-03 |
| Genre | : Business & Economics |
| ISBN | : 1524758876 |
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
| Author | : Murat A. Yülek |
| Publisher | : Springer |
| Total Pages | : 304 |
| Release | : 2018-08-02 |
| Genre | : Business & Economics |
| ISBN | : 9811305684 |
This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.
| 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.
| Author | : Akbar Noman |
| Publisher | : Columbia University Press |
| Total Pages | : 469 |
| Release | : 2015-09-15 |
| Genre | : Business & Economics |
| ISBN | : 0231540779 |
The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.
| Author | : Michael T. Rock |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 264 |
| Release | : 2005-10-06 |
| Genre | : Business & Economics |
| ISBN | : 019927004X |
'Grow first, clean up later' environmental strategies in the developing economies of East Asia - China, Korea, and Taiwan in Northeast Asia and Indonesia, Malaysia, the Phillippines, Singapore, Thailand and Vietnam in Southeast Asia - pose a critical regional and global sustainability challenge in this area of continuing rapid urban-based industrial growth. It is the most polluted region in the world.Whilst being at the leading edge of the processes of urbanization, industrialization, and globalization these economies are in the midst, not at the end, of their urban-industrial transformations. During the next 25 years urban populations in the region are expected roughly to double, and most of the industrial capital stock that will be on the ground by 2030 has not yet been built. Given East Asia's growing size in the world's economy and ecology, and its increasingly polluted environment,this looming urban-industrial transformation is both a challenge and an opportunity. Unless steps are taken now to make this transformation more sustainable, East Asia's, and the world's, environmental future is likely to deteriorate seriously.Using detailed case studies and rigorous empirical analyses Rock and Angel, leading experts in this field, show that East Asian governments have found institutionally unique ways to overcome the sustainability challenge. As a result of these findings, they demonstrate how even low income economies in the rest of the world can use regulatory polices, industrial policies, and an openness to trade and foreign investment that will increase the competitiveness of their firms whilst improving theirenvironmental performance, thus proving an important antidote to those who argue that poor countries cannot afford to clean up their environment whilst their economies remain under-developed.
| Author | : David O'Connor |
| Publisher | : Zed Books |
| Total Pages | : 452 |
| Release | : 2008-06-01 |
| Genre | : Business & Economics |
| ISBN | : 9781848130272 |
With very few exceptions, industrial development has been central to the process of structural transformation which characterises economic development. Industrial Development for the 21st century examines the new challenges and opportunities arising from globalization, technological change and new international trade rules. The first part focuses on key sectors with potential for developing countries, focussing on two key themes. First, traditional points of entry for late industrializers - like textiles and clothing - have become even more intensely competitive than ever before, requiring more innovative adaptive strategies for success. Second, countries now recognize that manufacturing does not exhaust the opportunities for producing high value-added goods and services for international markets. Knowledge intensity is increasing across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries. The final section addresses social and environmental aspects of industrial development. Labour-intensive, but not necessarily other patterns of industrial development can be highly effective in poverty reduction though further industrial progress may be less labour-intensive. A range of policies can promote industrial energy and materials efficiency, often with positive impacts on firms' financial performance as well as the environment. Promoting materials recycling and reuse is an effective, if indirect means of conserving resources. Finally, the growth of multinational interest in corporate social responsibility is traced, with consideration given to both the barriers and opportunities this can pose for developing country enterprises linked to global supply chains.
| Author | : Jeremy Rifkin |
| Publisher | : Macmillan + ORM |
| Total Pages | : 407 |
| Release | : 2011-10-04 |
| Genre | : Political Science |
| ISBN | : 023034058X |
A New York Times–bestselling account of the next great economic era, with a look into the individuals pioneering its implementation around the world. One of the most influential social thinkers of our time reveals how Internet technology and renewable energy are merging to create the new jobs of the twenty-first century and change the world. In The Third Industrial Revolution, Jeremy Rifkin takes us on a journey into a new economic era where hundred of millions of people produce their own green energy in their homes, businesses, and factories and share it with each other on an “energy Internet.” Rifkin’s Third Industrial Revolution vision has been taken up by the European Union and China and endorsed by the United Nations. In this book, the author goes behind the scenes to meet the heads of state, global CEOs, social entrepreneurs, and NGO leaders who are pioneering the new economic paradigm. Praise for The Third Industrial Revolution “Jeremy Rifkin argues that green energy and the internet will revolutionize society and the environment . . . With the European Union already on board, this is a big idea with backbone.” —Nature “Impeccably argued . . . a compelling and cogent argument to overhaul our society and economy in favor of a distributed and collaborative model.” —Publishers Weekly
| Author | : Richard S. Newfarmer |
| Publisher | : Oxford University Press |
| Total Pages | : 472 |
| Release | : 2018 |
| Genre | : Business & Economics |
| ISBN | : 0198821883 |
A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)
| 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.
