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Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm

Chang Woon Nam, Sumin Nam and Peter Steinhoff

No 6431, CESifo Working Paper Series from CESifo Group Munich

Abstract: The on-going ‘Make in India’ campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step’ changes in a country’s specialisation pattern and global competitiveness accompanied by economic growth. Unlikely, ‘Make in India’ comprises heterogeneous measures ‘simultaneously’ supporting industries in different development stages from labour and capital-intensive to high-tech industries and modern services. Moreover issues like world-market uncertainty discouraging export activities; poverty-reduction-oriented labour-industry promotion vs overall productivity increase; and complementary role of IT services for industrial modernisation and growth, will shape the success of India’s diversified industrial policy.

Keywords: development stage theory; flying-geese paradigm; industrial growth and specialisation; Make in India; East Asia; international comparison (search for similar items in EconPapers)
JEL-codes: O10 O40 O50 L60 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-sea
Date: 2017
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