A note on premature deindustrialization

Sato Hajime and Kuwamori Hiroshi

No 763, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: Industrialization has long been regarded as an engine of economic growth. Indeed, the countries that experienced rapid economic growth in the latter half of 20th century underwent significant economic structural change towards industrialization. In contrast, in the 21st century, latecomers might face difficulty realizing the industrialization required for economic growth because of a phenomenon called ‘premature deindustrialization’ taking place in those countries. This issue of premature deindustrialization, if it holds true, raises important questions, such as what its mechanism is, what its effects are, and what the alternative strategies for economic growth are. This paper, as a stepping stone to consider these issues, uses expanded samples to examine and confirm the occurrence of premature deindustrialization.

Keywords: premature deindustrialization; industrialization; economic growth (search for similar items in EconPapers)
JEL-codes: O11 O14 O47 (search for similar items in EconPapers)
Date: 2019-12
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 763. 2019-12

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