INDUSTRIAL STRATEGY AND ECONOMIC TRANSFORMATION

Akio Hosono

No 1002, Working Papers from JICA Research Institute

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.

Keywords: industrial development; economic transformation; THAILAND; Brazil BANGLADESH; CHILE; SINGAPORE (search for similar items in EconPapers)
Date: 2013-07-18
New Economics Papers: this item is included in nep-cse, nep-dev and nep-sea
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jic:wpaper:1002

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