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Growth, Trade, and Deindustrialization

Author

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  • Mr. Ramana Ramaswamy
  • Mr. Bob Rowthorn

Abstract

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.

Suggested Citation

  • Mr. Ramana Ramaswamy & Mr. Bob Rowthorn, 1998. "Growth, Trade, and Deindustrialization," IMF Working Papers 1998/060, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/060
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    Citations

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    Cited by:

    1. Vu, Khuong & Haraguchi, Nobuya & Amann, Juergen, 2021. "Deindustrialization in developed countries amid accelerated globalization: Patterns, influencers, and policy insights," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 454-469.
    2. Lionel Fontagné & Ann Harrison, 2017. "The Factory-Free Economy. Outsourcing, Servitization, and the Future of Industry," PSE-Ecole d'économie de Paris (Postprint) halshs-02923043, HAL.
    3. Lilas Demmou, 2010. "Le recul de l’emploi industriel en France entre 1980 et 2007. Ampleur et principaux déterminants : un état des lieux," Économie et Statistique, Programme National Persée, vol. 438(1), pages 273-296.
    4. Gasim, Anwar A., 2015. "The embodied energy in trade: What role does specialization play?," Energy Policy, Elsevier, vol. 86(C), pages 186-197.
    5. Saang Joon Baak, 2008. "The Service Sector in the ROK: A Comparison of Trends and Labor Productivity with Selected OECD Countries (ROK Economic System Series No.14)," Discussion papers 0802, ERINA - Economic Research Institute for Northeast Asia.
    6. Yazgan, Sekip & Marangoz, Cumali & Bulut, Emre, 2022. "The turning point of regional deindustrialization in the U.S.: Evidence from panel and time-series data," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 294-304.
    7. Berthold, Norbert, 1999. "Sozialstaat und struktureller Wandel: eine verhängnisvolle Beziehung?," Discussion Paper Series 27, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    8. Luis Rene Caceres, 2021. "Nafta and Mexico’s Economic Growth from a Gender Perspective," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(12), pages 1-90, December.
    9. Luis René Cáceres, 2022. "Deindustrialization, Domestic Savings, and Labor, in Mexico and Central America," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(9), pages 1-89, September.
    10. Tonæi Svilokos & Ivan Burin, 2017. "Financialization and its impact on processof deindustrialization in the EU," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 35(2), pages 583-610.
    11. Klodt, Henning, 2004. "Strukturwandel und Arbeitsmarktprobleme in Deutschland," Open Access Publications from Kiel Institute for the World Economy 3372, Kiel Institute for the World Economy (IfW Kiel).
    12. Pradeep Mitra & Marcelo Selowsky & Juan Zalduendo, 2010. "Turmoil at Twenty : Recession, Recovery, and Reform in Central and Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 2682, December.
    13. Iversen, Torben & Cusack, Thomas R., 1998. "The causes of welfare state expansion: deindustrialization or globalization?," Discussion Papers, Research Unit: Economic Change and Employment FS I 98-304, WZB Berlin Social Science Center.
    14. Stéphane Guimbert & François Lévy-Bruhl, 2002. "La situation de l'emploi en France face aux échanges internationaux," Économie et Prévision, Programme National Persée, vol. 152(1), pages 189-206.
    15. Saang Joon Baak, 2008. "The Service Sector in the ROK: A Comparison of Trends and Labor Productivity with Selected OECD Countries (ROK Economic System Series No.14)," Discussion papers 0802e, ERINA - Economic Research Institute for Northeast Asia.

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