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Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm

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  • Chang Woon Nam
  • Sumin Nam
  • Peter Steinhoff

Abstract

The on-going ‘Make in India’ campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step’ changes in a country’s specialisation pattern and global competitiveness accompanied by economic growth. Unlikely, ‘Make in India’ comprises heterogeneous measures ‘simultaneously’ supporting industries in different development stages from labour and capital-intensive to high-tech industries and modern services. Moreover issues like world-market uncertainty discouraging export activities; poverty-reduction-oriented labour-industry promotion vs overall productivity increase; and complementary role of IT services for industrial modernisation and growth, will shape the success of India’s diversified industrial policy.

Suggested Citation

  • Chang Woon Nam & Sumin Nam & Peter Steinhoff, 2017. "Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm," CESifo Working Paper Series 6431, CESifo.
    • Handle: RePEc:ces:ceswps:_6431
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    More about this item

    Keywords

    development stage theory; flying-geese paradigm; industrial growth and specialisation; Make in India; East Asia; international comparison;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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