Chapter 5 Internationalization and Industrialization

Manoranjan Dutta

A chapter in The Asian Economy and Asian Money, 2009, pp 191-228 from Emerald Group Publishing Limited

Abstract: Much has been written about the low-wage rates in the pre-industrialized Asian economies. True, in several of those economies in Asia, supply of labor, unskilled as well as skilled, was relatively abundant. Most of these economies enjoy large population bases. The migration of labor from the agricultural sector within a given economy, when the economy's industrial population base was not large enough, helped augment the process of industrialization. However, a more intensive analysis of investment theory teaches us that the cost of labor, wages, and borrowing funds for investment, be it from financial institutions or from individual sources, the rate of interest, are known cost factors to the investors. The principal motivating factor is the expected profit, which remains unknown to the investors, and becomes the subject of speculation. The expected profit factor thus remains to be defined.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... 8555(2009)0000287009
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:ceazzz:s0573-8555(2009)0000287009

DOI: 10.1108/S0573-8555(2009)0000287009

Access Statistics for this chapter

More chapters in Contributions to Economic Analysis from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().