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Industrial Strategy And Economic Transformation:

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  • Hosono, Akio
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    Abstract

    Industrial development, especially industrial structure up-grading and diversification, is considered essential for economic transformation and sustained growth. The objective of this paper is to obtain insights into how crucial factors for industrial development, such as accumulation of knowledge and capabilities, technological innovation, infrastructure, institutions, interact in practice, focusing on several outstanding cases of industrial development, which produced a remarkable economic transformation. In these cases, different factors including investment in infrastructure, technological breakthrough, as well as external factors, triggered the economic transformation, but it could not have happened without continuous accumulation of capabilities and knowledge through learning. In all cases, effective institutions accomplished the role of facilitator or catalyzer of transformation.

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    File URL: http://hdl.handle.net/10685/97
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    File URL: http://repository.ri.jica.go.jp/dspace/bitstream/10685/97/1/Industrial%20strategy%20and%20economic%20transformation%2c%20Hosono%20-%20JICA%20IPD%20Working%20Papers.pdf
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    Bibliographic Info

    Paper provided by JICA Research Institute in its series Working Papers with number 1002.

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    Date of creation: 18 Jul 2013
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    Handle: RePEc:jic:wpaper:1002

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    Keywords: industrial development ; economic transformation ; THAILAND ; Brazil BANGLADESH ; CHILE ; SINGAPORE;

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    1. William Easterly, 2002. "The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262550423, December.
    2. Yveline Lecler, 2002. "The cluster role in the development of the Thai car industry," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 26(4), pages 799-814, December.
    3. Shahid Yusuf & Kaoru Nabeshima, 2012. "Some Small Countries Do It Better : Rapid Growth and Its Causes in Singapore, Finland, and Ireland," World Bank Publications, The World Bank, number 2243, August.
    4. Dani Rodrik, 2007. "Introductiion to One Economics, Many Recipes: Globalization, Institutions, and Economic Growth
      [One Economics, Many Recipes: Globalization, Institutions, and Economic Growth]
      ," Introductory Chapters, Princeton University Press.
    5. World Bank, 2012. "World Development Report 2013," World Bank Publications, The World Bank, number 11843, August.
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