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Chile's export diversification and industrial development since 1974 represents a laboratory case of market liberalization based on neoclassical principles. Advocated by the World Bank as the chief development strategy for most developing countries, Chile implemented what the World Bank is recommending as the lesson of East Asia. The book examines whether the continuous implementation of these policies since 1974 turned Chile into a Tiger. This book investigates these issues in detail with original evidence and analyses at the macro, industrial and microeconomic levels.
Can local markets and clusters represent a powerful alternative to global markets? Do transnational corporations and global buyers enhance or undermine local firms' upgrading and learning? Using original empirical evidence from several clusters in Latin America, Upgrading to Compete shows that both local and global dimensions matter at once.
This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Despite years of liberalization, African manufacturing is conspicuously unable to compete in the global market. Its exports are minuscule, its response to competition is weak, technical efficiency is low and there are few signs of technological dynamism.
Over the last three decades cross-border innovation has profoundly changed. The fragmentation of global value chains, increased global connectedness, and pervasive digitalization have helped shape innovation processes that now increasingly span national borders. This changing process has involved a wide array of actors (players) in a variety of geographical locations and organizational spaces (places), calling for new guidelines, public interventions, and regulatory frameworks (policies). Considering this complexity, the existing literature has only partially captured the ongoing changes in cross-border innovation and showed a limited engagement in integrative, cross-disciplinary debate. Thi...
This Handbook illustrates the diverse and complex nature of industrial hubs and shows how industrial hubs promote industrialization, economic structural transformation, and economic catch-up.
Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research. While the term 'integrating' is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong; they lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth. Written by an authority in this area, Ashoka Mody, this book will greatly appeal to all international and development economists.
This book places China in the Asian international economic context, suggesting that the importance of China has sometimes been misunderstood and comparing it with the earlier Japanese experiences in a new, refreshing way.
As regional inequality looms large in the policy debate in China, this volume brings together a selection of papers from authors whose work has had real impact on policy, so that researchers and policy makers can have access to them in one place.
This book is about mutual influences of thinking about economic development in China and in the West, from the 18th century until the present. Its chapters are contributed by development economists and historians of thought from China and other parts of the world. The book describes important stages in the evolution, cross-fertilization and contextual modification of ideas about economic order, development and institutional change. It illustrates how Western concepts and theories have been adopted and adapted to Chinese conditions in different waves of modernization from the late 19th century until the present and that this was and is no one-way traffic. The book describes how pre-classical ...