Rural Industrialization in East Asia

Keijiro Otsuka () and Abhijit Banerjee

Chapter 14 in The Institutional Foundations of East Asian Economic Development, 1998, pp 447-481 from Palgrave Macmillan

Abstract: Abstract In order to achieve sustainable economic growth with equitable income distribution in the face of a rapidly growing population in the developing world, lucrative new job opportunities must be continuously created, particularly for the poor in both urban and rural areas. It has become increasingly clear that the widely adopted, urban-based industrialization strategy has limitations for the creation of new jobs for the poor, because of the adoption of inappropriate technologies biased towards saving unskilled labour. Furthermore, in high-performance Asian economies, such as Thailand and Indonesia, rapid urbanization has resulted in serious congestion, environmental pollution, and a high cost of living in large cities.

Keywords: Total Factor Productivity; Community Norm; Economic Organization; Garment Industry; Total Unit Cost (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/978-1-349-26928-0_14

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