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Industrial Transformation and Quality of Growth

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  • Hosono, Akio

Abstract

This paper aims to gain insights into the interrelationship between transformation and quality of growth with attributes such as being inclusive, sustainable, innovative, secure, and balanced. It draws on case studies regarding four outstanding cases of industrial transformation. This analysis found that quality of growth needs to be discussed in the context of transformation because it features basically in the driving forces of growth, and that the interrelationship between transformation and quality of growth needs to be considered in a holistic manner as a comprehensive target to be achieved. As such, it might be more realistic to design measures to attain the desired attributes of quality of growth alongside the development of specific industries, within which structural transformation is taking place. On the other hand, as the interrelationship between attributes of quality growth and industrial transformation is complex, a comprehensive approach is needed, which pays due attention to macro-economic balance and stability, fiscal balance, synergy, trade-offs, and so on.

Suggested Citation

  • Hosono, Akio, 2015. "Industrial Transformation and Quality of Growth," Working Papers 97, JICA Research Institute.
    • Handle: RePEc:jic:wpaper:97
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    References listed on IDEAS

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    1. Fujita, Yasuo, 2011. "What Makes the Bangladesh Local Government Engineering Department (LGED) So Effective?," Working Papers 27, JICA Research Institute.
    2. Cimoli, Mario & Dosi, Giovanni & Stiglitz, Joseph E. (ed.), 2009. "Industrial Policy and Development: The Political Economy of Capabilities Accumulation," OUP Catalogue, Oxford University Press, number 9780199235278.
    3. Ramón E. López & Vinod Thomas & Yan Wang, 2008. "The Quality of Growth," World Bank Publications - Books, The World Bank Group, number 28198, December.
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    Cited by:

    1. Leo Guzman-Anaya, 2019. "Japanese Knowledge Transfer via Training in Mexico?s Automotive Industry," Proceedings of Economics and Finance Conferences 9511880, International Institute of Social and Economic Sciences.

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    More about this item

    Keywords

    quality of growth ; transformation ; inclusiveness ; sustainability ; Cerrado ; aquaculture ; garment ; automobile ; Brazil ; Chile ; Bangladesh ; Thailand;
    All these keywords.

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