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Industrial Strategy And Economic Transformation:

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  • Hosono, Akio

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.

Suggested Citation

  • Hosono, Akio, 2013. "Industrial Strategy And Economic Transformation:," Working Papers 1002, JICA Research Institute.
  • Handle: RePEc:jic:wpaper:1002
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    File URL: http://hdl.handle.net/10685/118
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    File URL: https://jicari.repo.nii.ac.jp/?action=repository_uri&item_id=819&file_id=9&file_no=1
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    References listed on IDEAS

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    1. 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, April.
    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. Dani Rodrik, 2007. "Introductiion to One Economics, Many Recipes: Globalization, Institutions, and Economic Growth," Introductory Chapters,in: One Economics, Many Recipes: Globalization, Institutions, and Economic Growth Princeton University Press.
    4. Khondoker Abdul Mottaleb & Tetsushi Sonobe, 2011. "An Inquiry into the Rapid Growth of the Garment Industry in Bangladesh," Economic Development and Cultural Change, University of Chicago Press, vol. 60(1), pages 67-89.
    5. 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, January.
    6. World Bank, 2012. "World Development Report 2013
      [Informe anual del Banco Mundial de 2013 : poner fin a la pobreza extrema, promover la prosperidad compartida - informe principal]
      ," World Bank Publications, The World Bank, number 11843, April.
    7. Yveline Lecler, 2002. "The cluster role in the development of the Thai car industry," Post-Print halshs-00431002, HAL.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

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