Strategies for Structural Transformation in South Asian Countries

2013

Author : Clovis Freire
Release : 2013
Genre :
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Book Synopsis Strategies for Structural Transformation in South Asian Countries by : Clovis Freire

Download or read book Strategies for Structural Transformation in South Asian Countries written by Clovis Freire. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: Growth in South Asia has not resulted in structural transformation and increase of productive capacities. This paper presents a methodology to identify the opportunities for countries in South Asia to build their productive capacities and promote structural transformation through the emulation of the productive structure of more developed countries. The paper also discusses country-specific strategies that combine laissez-faire and strategic diversification approaches to facilitate the emergence of new economic activities that are more likely to increase the productive capacities in the country. In addition to its relevance to the formulation of inclusive development policies in South Asia, this paper contributes to the industrial policy literature by exploring the use of empirical data to verify the need for selective policies.

Structural transformation in Southeast Asian countries and key drivers

Social Science

Author : Bathla, Seema
Release :
Genre : Social Science
Kind : eBook
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Book Synopsis Structural transformation in Southeast Asian countries and key drivers by : Bathla, Seema

Download or read book Structural transformation in Southeast Asian countries and key drivers written by Bathla, Seema. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt: This study’s objective is to examine the factors that have driven structural transformation (ST) in the Southeast Asian (SEA) economies and the policies supporting the process. It sets the stage by evaluating the ST in each country, quantifying the contribution of “within sector” and “structural change” to overall productivity growth and estimating the turning points (TPs) to gauge the prospects of income convergence. Eight SEA countries, undergoing a steady rate of economic growth —Cambodia, Lao PDR, Myanmar, Viet Nam, Philippines, Malaysia, Indonesia, and Thailand (CLMVPMIT) are chosen for analysis. We find their progress on ST to be consistent with the theory and historical patterns experienced in several developed and developing countries. However, progress is diverse across these countries and lags behind developed countries, indicating that labor is not exiting agriculture as fast as agriculture’s share of value added has been declining. The ST has decreased from 49 percent in Thailand to almost 3 percent each in Cambodia and Malaysia during 1991 to 2016. Further, the contribution of within change to productivity, which was pivotal during the 1990s in each country is rather subdued during the 2000s, thereby giving comparative primacy to structural change. A relatively higher—57 to 80 percent—contribution of structural change in Cambodia and Lao PDR, together with productivity growth, may be explained by increasing migration and trade in nonagriculture products. We also find that while Lao PDR, Thailand, and Indonesia have reached their TPs, other nations, especially the poorer ones such as Viet Nam, Myanmar, and Philippines are predicted to take at least a decade towards this goal. Empirical analysis suggests ST in CLMVPMIT is positively driven by agricultural productivity, terms of trade, and public investments in infrastructure, with little role for rural to urban migration and market integration. Large inter-sectoral productivity differentials across SEA countries, other than in Cambodia and Malaysia, necessitates to accelerate agricultural disproportionate share of the labor force in agriculture through higher productivity.

Structural Transformation of Bangladesh Economy

2021-03-18 Business & Economics

Author : Mustafa K. Mujeri
Release : 2021-03-18
Genre : Business & Economics
Kind : eBook
Book Rating : 648/5 ( reviews)

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Book Synopsis Structural Transformation of Bangladesh Economy by : Mustafa K. Mujeri

Download or read book Structural Transformation of Bangladesh Economy written by Mustafa K. Mujeri. This book was released on 2021-03-18. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the theory and global evidence on structural transformation along with stylised facts and implications using, among others, a dynamic panel model, for South Asia. The characteristics of the structural transformation process in Bangladesh bring out the relevance of a comprehensive and inclusive South Asian ‘brand’ in view of the challenges of large population size, high burden of poverty, rising inequalities and its compulsion to achieve rapid and sustained inclusive development. The analysis highlights several distinct characteristics of Bangladesh’s structural transformation including changes in value added, trade, employment, productivity, formal-informal jobs, and opportunities for low-skilled workers. The book suggests that the manufacturing sector could not create the required number of jobs and generate rapid absolute and relative productivity gains in the Bangladesh economy. Although the services sector has largely led output and employment growth, services subsectors with strong labour absorptive capacity have low average productivity. Hence, growth-enhancing structural transformation led by these subsectors is likely to be less dynamic than required for rapid employment-creating growth in the economy. The book’s analysis on COVID-19 and cyclone Amphan shows that an integrated disaster and development paradigm is needed for Bangladesh. An inclusive and health and well-being focused structural transformation presents the pathway to advance the people-centred approach to development in Bangladesh through both vulnerability reduction and investments in sustainable development that would offset both known and unknown disaster threats. The key for Bangladesh is to skillfully manage the ‘developer’s dilemma’ of achieving both structural transformation in terms of large productivity gains and inclusive growth for reducing poverty and rising inequalities. This book is relevant to students, academicians and development practitioners and others interested in contemporary development.

South Asian Economic Development

1999 Business & Economics

Author : Moazzem Hossain
Release : 1999
Genre : Business & Economics
Kind : eBook
Book Rating : 870/5 ( reviews)

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Book Synopsis South Asian Economic Development by : Moazzem Hossain

Download or read book South Asian Economic Development written by Moazzem Hossain. This book was released on 1999. Available in PDF, EPUB and Kindle. Book excerpt: The notion that South Asian economies have tended to be less successful than those of East Asia is critically examined and the reasons why discussed. Countries covered include Pakistan, India, Bangladesh and Sri Lanka. Key issues examined: * agriculture and rural development * labour market and human resource development * trade and industry policies * foreign investment and technological capabilities * foreign aid and economic development * financial development and economic performance * poverty, inequality and economic development * regional economic co-operation * 'green' development.

Special Economic Zones in South Asia

2024-03-28 Business & Economics

Author : Aradhna Aggarwal
Release : 2024-03-28
Genre : Business & Economics
Kind : eBook
Book Rating : 428/5 ( reviews)

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Book Synopsis Special Economic Zones in South Asia by : Aradhna Aggarwal

Download or read book Special Economic Zones in South Asia written by Aradhna Aggarwal. This book was released on 2024-03-28. Available in PDF, EPUB and Kindle. Book excerpt: Growth‐enhancing structural change—a relocation of labour from low‐ to high‐productivity sectors—is increasingly perceived as inextricably linked with the sustainable development agenda. In the pursuit of structural change, policymakers have pinned their hopes on targeted policy tools such as special economic zones (SEZs). These geographically demarcated spaces designed to attract investment with a wide set of advantages have become de rigueur; however, a systematic evaluation of evidence‐informed policymaking is scarce due to conceptual and practical challenges. This book fills that gap and shows that SEZs are no ‘shortcut’ to economic development; their success in driving economic transformation depends on the complex interplay of sociopolitical, economic and strategic factors. This book contributes to the burgeoning literature on SEZs by providing the first systematic evaluation of the SEZ policy. It adopts the ‘policy cycle approach’ to organise policy evaluation into three hierarchical layers: input evaluation (agenda building), output evaluation (policy designs) and outcome evaluation (immediate effects of SEZs on firms’ behaviour and performance) with special reference to South Asian countries. The strategy is to bring together the findings of microeconomic evaluations to draw macro inferences on the contribution of SEZs to the broader objectives of structural transformation and competitiveness. Part I of the book delves into development challenges facing the region, lays out theoretical foundations underlying the relevance of SEZs in addressing them and examines the relevance of SEZs in the context of South Asia. Part II evaluates the policy first at systemic level to gauge whether and how the policy is rooted in broader development goals and then at the design level to examine the fit between the policy goals and designs. Part III presents a counterfactual evaluation of the impact of SEZs on investment climate; export competitiveness of firms; technology and innovation; and knowledge linkages of SEZ firms with the wider economy. The final chapter concludes by discussing the emerging challenges and the way forward. This will be a useful reference for academics, researchers, policymakers and professionals in international trade and business, public policy, industrial economics and regional integration.

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Strategies for Structural Transformation in South Asian Countries

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