Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation PDF

Author: Manoj Atolia

Publisher: International Monetary Fund

Published: 2018-09-28

Total Pages: 49

ISBN-13: 1484377494

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This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation PDF

Author: Manoj Atolia

Publisher: International Monetary Fund

Published: 2018-10-01

Total Pages: 49

ISBN-13: 1484378911

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This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? PDF

Author: Dongyeol Lee

Publisher: International Monetary Fund

Published: 2019-05-24

Total Pages: 24

ISBN-13: 1498317316

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Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy PDF

Author: Reda Cherif

Publisher: International Monetary Fund

Published: 2019-03-26

Total Pages: 79

ISBN-13: 1498305563

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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.

Disrupted Development and the Future of Inequality in the Age of Automation

Disrupted Development and the Future of Inequality in the Age of Automation PDF

Author: Lukas Schlogl

Publisher: Springer Nature

Published: 2020-01-13

Total Pages: 108

ISBN-13: 3030301311

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This open access book examines the future of inequality, work and wages in the age of automation with a focus on developing countries. The authors argue that the rise of a global ‘robot reserve army’ has profound effects on labor markets and economic development, but, rather than causing mass unemployment, new technologies are more likely to lead to stagnant wages and premature deindustrialization. The book illuminates the debate on the impact of automation upon economic development, in particular issues of poverty, inequality and work. It highlights public policy responses and strategies–ranging from containment to coping mechanisms—to confront the effects of automation.

Structural Transformation in South Africa

Structural Transformation in South Africa PDF

Author: Antonio Andreoni

Publisher: Oxford University Press

Published: 2021

Total Pages: 411

ISBN-13: 0192894315

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Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.

Measuring and Analyzing the Impact of GVCs on Economic Development

Measuring and Analyzing the Impact of GVCs on Economic Development PDF

Author: World Trade Organization

Publisher: World Trade Organization

Published: 2017

Total Pages: 0

ISBN-13: 9789287041258

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This report is about a huge contribution to our deepening understanding of what the global economy really means and how it is changing. The report helpfully distinguishes elements of an economy that are tradable and the large set that are non-tradable. Clearly the tradables set is expanding with the support of enabling technology. The report argues that connectivity in the networks that define the evolving architecture of GVCs is important. This Global Value Chain Development Report is the result of intensive and detailed work in assembling and analyzing data on the structure of economies and on how they are linked. It creates a much clearer picture of evolving patterns of independence. It also presents a much clearer picture of comparative advantage. --Publisher description.

Structural Transformation and Tax Efficiency

Structural Transformation and Tax Efficiency PDF

Author: Mr.Serhan Cevik

Publisher: International Monetary Fund

Published: 2019-02-15

Total Pages: 32

ISBN-13: 1484399811

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Structural transformation has resulted in an increasing share of services in aggregate value-added in advanced and developing countries across the world. We analyze the impact of this shift into services on countries’ efficiency in collecting the value-added tax (VAT). The analysis is based on two alternative measures of VAT efficiency: (1) the VAT C-efficiency, using a broad panel of 134 countries over the period 1970-2014; and (2) the VAT gap using a more granular, proprietary dataset that draws on the results of IMF’s Revenue Administraion-Gap Analysis Program covering 24 countries over the period 2004-2016. We find that a higher share of services in aggregate value-added reduces the VAT efficiency, and that this adverse effect is mainly a result of a rise of non-tradable services, which in turn contributes to a narrowing of the VAT base.

InTraders 2019: Academic studies in social, human and administrative sciences

InTraders 2019: Academic studies in social, human and administrative sciences PDF

Author: Hakan Murat ARSLAN

Publisher: Hiperlink eğit.ilet.yay.san.tic.ve ltd.sti.

Published: 2020-01-29

Total Pages: 114

ISBN-13: 6052816848

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The present study is an analysis of the connections established between the intercultural phenomenon and trade. Both intercultural contacts and commerce appeared and developed due to humans’ mobility and their basis was exchange (either spiritual or material). Since the dawn of history people travelled a lot and exchanged knowledge and goods (for instance, silk was brought to Europe by two Byzantine monks from China, in 550 C.E.), so, travel generated interculturality and trade. Intercultural contacts can be positive (trade, for example) or negative (wars). One can say that interculturality is a trait of the human species. Many innovations in different fields spread due to intercultural exchange, globalisation is also based on cross-cultural or intercultural contacts. The Industrial Revolution and colonialism represented the main causes of the intensification of intercultural contacts which generated an increase in international trade. In contemporary human society, this kind of relationships is essential for development in any activity field. The globalised trade in nowadays world was generated by interculturality and World Trade Organization was founded to facilitate it and to create an international network; the technological evolution and the modern means of transport enhanced the relations between different cultures. Interculturality is an umbrella concept covering a diversity of domains: communication, religion, education, anthropology, literature etc. In this paper, we try to answer to the following question: “How can interculturality influence trade or vice versa?” by pointing out the main aspects of the analysed phenomena and their links. To accomplish this task we shall make use of the historical method and imagology.