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A note on premature deindustrialization

Author

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  • Sato, Hajime
  • Kuwamori, Hiroshi

Abstract

Industrialization has long been regarded as an engine of economic growth. Indeed, the countries that experienced rapid economic growth in the latter half of 20th century underwent significant economic structural change towards industrialization. In contrast, in the 21st century, latecomers might face difficulty realizing the industrialization required for economic growth because of a phenomenon called ‘premature deindustrialization’ taking place in those countries. This issue of premature deindustrialization, if it holds true, raises important questions, such as what its mechanism is, what its effects are, and what the alternative strategies for economic growth are. This paper, as a stepping stone to consider these issues, uses expanded samples to examine and confirm the occurrence of premature deindustrialization.

Suggested Citation

  • Sato, Hajime & Kuwamori, Hiroshi, 2019. "A note on premature deindustrialization," IDE Discussion Papers 763, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper763
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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=51543&item_no=1&attribute_id=22&file_no=1
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    Citations

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    Cited by:

    1. Liu, Laihui & An, Suxia, 2023. "Deindustrialization and the incidence of poverty: Empirical evidence from developing countries," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    2. Taguchi, Hiroyuki, 2022. "Premature Deindustrialization Risk: The Case of Thailand," MPRA Paper 113560, University Library of Munich, Germany.
    3. Taguchi, Hiroyuki & Elbek, Abdullaev, 2022. "Premature deindustrialization in post-Soviet economies," MPRA Paper 114413, University Library of Munich, Germany.
    4. Lar, Ni & Taguchi, Hiroyuki, 2023. "Premature deindustrialization or reindustrialization: The case of China’s latecomer provinces," MPRA Paper 118423, University Library of Munich, Germany.

    More about this item

    Keywords

    premature deindustrialization; industrialization; economic growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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