Sustaining Export-Oriented Development


Book Description

This book, first published in 1995, looks at the East Asian economies' post-war development and assesses the possibilities of transferring East Asian development elsewhere. Written and edited by economists, Sustaining Export-Oriented Development traces the changes in the thinking of policy makers and advisers about the policies required for economic development - especially the changed emphasis from import-substitution to outward-orientation which coincided with the East Asian economies' success. Several contributors focus on identifying the key factors in the growth of these dynamic economies. Others look at future constraints such as the environmental limits to growth and the sustainability of export growth in China. This book makes a significant contribution to the discussion of economic growth and development issues and will be of interest to those in economics, trade and aid, and others concerned with public policy.




Is China's Export-Oriented Growth Sustainable?


Book Description

This paper assesses the sustainability of China's export-oriented growth over the medium to longer term. It shows that maintaining the current export-oriented growth would require significant gains in market share through lower prices in a range of industries. This, in turn, could be achieved through a combination of increases in productivity, lower profits, and higher implicit or explicit subsidies to industry. However, the evidence suggest that it will prove difficult to accommodate such price reductions within existing profit margins or through productivity gains. Moving up the value-added chain, shifting the composition of exports, diversifying the export base, and increasing domestic value added of exports could give room to further export expansion. However, experiences from Asian economies that had similar export-oriented growth suggest there are limits to the global market share a country can occupy. Rebalancing growth toward private consumption would provide a large impetus to output growth and reduce the need for gaining further market share.




Export-oriented Development Strategies


Book Description

This book originated with a conference that we held at Pontificia Universidad Cat61ica de Chile in late 1981. When we organized the conference, our focus was to provide policymakers and entrepreneurs with a summary of the experiences and lessons of countries that have pursued policies geared to export-led growth. After the conference we decided that the papers would be useful to a much wider audience and should be prepared for publication. The revised papers are contained in this volume.




The Oxford Handbook of Industrial Hubs and Economic Development


Book Description

Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.




The Growth Report


Book Description

The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.




On the Sustainability of China's Export Oriented Development Strategy


Book Description

Most western economists have denied the linkage between the rise in the skill premium in the North and North-South trade. Their main argument is that the volume of Southern exports is too small (about 2% of Northern GDP) to produce large labor-market effects. By exploring the nature of North-to-South outsourcing of low skill activities, we propose a CGE model in which a small volume of imports (e.g. 1% of Northern GDP) can cause the observed rise in skill premium. The implication of this is that trade may eventually be recognized as responsible for widening wage inequality, leading to heightened protectionist pressures in the west. Hence China's current export oriented development strategy is not sustainable.




Sustainable Economic Development and Environment


Book Description

Sustainable Economic Development And Environment: India And Other Low Income Economies (Lies) Is An Edited Volume Of Selected Research Papers Mostly Presented In The Iids 1St (Calcutta) And 2Nd (Perth) International Conferences On Development And Future Studies. The Authors Include Raj Kumar Sen, Kartick C. Roy, Suhas Ch. Chakrabartty, Veena Devasthali, Dhirendra Nath Konar, D.D. Guru, N. Manonmoney, Shri Prakash, Sumitra Chowdhury, P.L. Sablok, K.P. Nath, Amar S. Yumnam, K. Nageswara Rao, Alak Ghosh, S.R. Harrison And P.C. Sharma. The Present Volume, While Highlighting The Major Issues In Sustaining Growth And Development In Low Income Economies With Special Reference To India, Has Focused On Different Aspects Of The Environmental Problem And Its Links With The Sustainability Issue Of Development In Such Countries. These Include Not Only The Question Of Population Growth, Dwindling Forest, Drought-Prone Village And Island Economy, New Areas Like General Information System And Common Property Rights Are Also Discussed. Environmental Implications Of Development Are Also Presented In An Input-Output Framework And In The Context Of Saarc Countries. In Short, The Present Volume Consisting Of 14 Articles, Is Expected To Serve As An Important Reference Book To Researchers, Students And Teachers Of Sustainable Economic Development And Economics Of Environment, And Will Be Of Interest To Business Leaders, Policy Makers And All Those Interested In These Subjects Of Ever Growing Importance.The International Institute For Development Studies (Iids) Is A Multi-Country, Multi-Disciplinary Research Institute With Head Office In Calcutta And External Research Centres In Countries Like Australia, Canada, Finland, Germany, Hong Kong, Kenya, Malaysia, Malta, Newzealand, Norway, Russia, Sweden, Tanzania, Uk, Usa Etc. It Is A Correspondent Institute Of The International Center For Economic Growth (Iceg), Usa. Iids Is Engaged Since Its Inception In 1989, In Conducting International/National Conferences/ Seminars, Executing Research Projects And Publication Of Books And Journal. It Has Completed Two Major Research Projects On Indian Capital Market (1993) (Planning Commission, Government Of India) And Impact Of Economic Reforms On Labour (1994) (Iceg) And Recently Started Another On Labour And Rural Industrialisation A Case Study In Burdwan District Of West Bengal (1996) (Ministry Of Labour, Government Of India). Iids Is Organising Bi-Annual International Conferences On Development And Future Studies, The First Three Being Held In January, 1992 (Calcutta, India), December, 1993 (Perth, Australia) And July-August 1995 (Helsinki, Finland), While The Fourth One Will Be Held In Malaysia In September, 1997.




At Your Service?


Book Description

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.




Better Trade for Sustainable Development


Book Description

The 2030 Agenda for Sustainable Development defines international trade as "an engine for inclusive economic growth and poverty reduction, [that] contributes to the promotion of sustainable development".




World Development Report 2020


Book Description

Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.