Skip to main content
Log in

Sustaining Industrial Development in the South

  • Upfront
  • Published:
Development Aims and scope

Abstract

This article discusses how active industrial policy and south–south coordination mechanisms can facilitate the strategic insertion of developing economies in the global markets and production networks. It proposes an integrated approach to trade, investment and industrial challenges and stresses the importance of political leadership and effective governance structures.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Figure 1
Figure 2

References

  • Amsden, Alice H. (1995) ‘Like the rest: South‐East Asia’s ‘LATE’ Industrialization’, Journal of International Development 7(5): 791–799.

    Article  Google Scholar 

  • Amsden, Alice H. (2001) The Rise of the “Rest”: Challenges to the West Late-Industrializing Economies, New York: Oxford University Press.

    Book  Google Scholar 

  • Arias, Maria A. and Yi Wen (2015) ‘Trapped: Few Developing Countries Can Climb the Economic Ladder or Stay There’, The Regional Economist 23(4): 5–11.

    Google Scholar 

  • Akyüz, Yılmaz (2013) ‘Waving or Drowning: Developing Countries After the Financial Crisis’, Research Paper 48, South Centre. 52 pages, Geneva: South Centre.

  • Aiyar, Shekhar, Romain Duval, Damien Puy, Yiqun Wu and Longmei Zhang (2013) ‘Growth Slowdowns and the Middle-Income Trap‘, Working Paper No. 13/71, Washington, DC: International Monetary Fund.

  • Bairoch, Paul and Richard Kozul-Wright (1996) ‘Globalisation Myths: Some Historical Reflections on Integration, Industrialisation and Growth in the World Economy’, UNCTAD discussion paper 113.

  • Campos, Jose Edgardo and Hilton L. Root (1996) The Key to the Asian Miracle: Making Shared Growth Credible, Washington, DC: Brookings Institution.

    Google Scholar 

  • Cohen, Stephen S. and J. Bradford DeLong (2016) Concrete Economics: The Hamilton Approach to Economic Growth and Policy, Boston: Harvard Business Review Press.

    Google Scholar 

  • Crespi, Gustavo, Eduardo Fernandez-Arias and Ernesto Stein (eds.) (2014) ‘¿Cómo Repensar El Desarrollo Productivo? Políticas e Instituciones Sólidas Para La Transformación Económica’, Inter-American Development Bank.

  • Doner, Richard and Ben Ross Schneider (2015) ‘The Middle-Income Trap: More Politics than Economics’, unpublished: Emory University and MIT.

  • Eichengreen, Barry, Park Donghyun and Kwanho Shin (2013) ‘Growth Slowdowns Redux: New Evidence on the Middle-Income Trap’, NBER Working Paper No. 18673. National Bureau of Economic Research.

  • Evans, Peter (1995) Embedded Autonomy: States and Industrial Transformation, Princeton, NJ: Princeton University Pres.

    Google Scholar 

  • Evans, Peter and James E. Rauch (1999) ‘Bureaucracy and Growth: A Cross-National Analysis of the Effects of “Weberian” State Structures on Economic Growth’, American Sociological Review 64(5): 748–765.

    Article  Google Scholar 

  • Felipe, Jesus (2012a) ‘Tracking the Middle-Income Trap: What is It, Who is in It, and Why? Part 1′, ADB Economics Working Paper Series No. 306.

  • Felipe, Jesus (2012b) ‘Tracking the Middle-Income Trap: What is It, Who is in It, and Why? Part 2′, ADB Economics Working Paper Series No. 307.

  • Fortunato, Piergiuseppe and Carlos Razo (2014) ‘Export sophistication, growth and the middle-income trap’, in José M. Salazar-Xirinachs, Irmgard Nübler and Richard Kozul-Wright (eds.), Transforming Economies: Making Industrial Policy Work for Growth, Jobs and Development, Geneva: International Labour Office.

    Google Scholar 

  • Gabrowski, Richard (1998) ‘Taiwanese Economic Development: An Alternative Interpretation’, Development and Change 19(1): 53–67.

    Google Scholar 

  • Grabel, Ilene (2011) ‘Promising Avenues, False Starts and Dead Ends: Global Governance and Development Finance in the Wake of Crisis’, Political Economy Research Institute Working Paper No. 241, University of Massachusetts-Amherst.

  • Jankowska, Anna, Arne Nanegast and José Ramòn Perea (2012) ‘The Product Space and the Middle Income Trap: Comparing Asian and Latin American Experiences’, OECD Development Centre Working Paper No. 311.

  • Kanchoochat, Veerayooth (2015) ‘The Middle-income Trap and East Asian Miracle Lessons’, in Alfredo Calcagno, Sebastian Dullien, Alejandro Márquez-Velázquez, Nicolas Maystre and Jan Prieweet (eds.) Rethinking Development Strategies After the Global Financial Crisis? Volume I: Making the Case for Policy Space, New York and Geneva: United Nations.

    Google Scholar 

  • Katzenstein, Peter J. (1985) Small States in World Markets: Industrial Policy in Europe, Ithaca: Cornell University Press.

    Google Scholar 

  • Khan, Mushtaq and K.J. Sundaram (eds.) (2000) Rents, Rent-Seeking and Economic Development Theory and Evidence in Asia, Cambridge, MA: Cambridge University Press.

    Google Scholar 

  • Khan, Mushtaq H. (2007) ‘Governance, Economic Growth and Development since the 1960s’, in José Antonio Ocampo, Kwame S. Jomo and Rob Vos (eds.), Growth Divergences: Explaining Differences in Economic Performance, Hyderabad, London and Penang: Orient Longman, Zed Books and Third World Network: 285–323.

  • Kharas, Homi and Harinder Kohli (2011) ‘What is the Middle Income Trap, Why Do Countries Fall Into It, and How Can It Be Avoided?’, Global Journal of Emerging Market Economies 3(3): 281–289.

    Article  Google Scholar 

  • Milberg, William and Deborah Winkler (2013) Outsourcing Economics: Global Value Chains in Capitalist Development, New York: Cambridge University Press.

    Book  Google Scholar 

  • Milanovic, Branko (2016) Global Inequality: A New Approach for the Age of Globalization, Cambridge, MA: The Belknap Press of Harvard University Press.

    Book  Google Scholar 

  • North, Douglass C. (2010) Understanding the Process of Economic Change, Princeton, NJ: Princeton University Press.

    Google Scholar 

  • O’Riain, Seán (2004) The Politics of High Tech Growth: Developmental Network States in The Global Economy, Cambridge, UK: Cambridge University Press.

    Book  Google Scholar 

  • Rodrik, Dani (2004) ‘Industrial Policy for the Twenty-First Century’, KSG Working Paper RWP04–047. Cambridge, MA: Harvard University, John F. Kennedy School of Government.

  • Studwell, Joe (2013) How Asia Works: Success and Failure in the World’s Most Dynamic Region, London: Grove Press.

    Google Scholar 

  • UNCTAD TDR (1996) Trade and Development Report 1996. Geneva: United Nations.

    Google Scholar 

  • UNCTAD TDR (1997) Trade and Development Report 1997. Geneva: United Nations.

    Google Scholar 

  • UNCTAD TDR (2003) Capital Accumulation, Growth and Structural Change. Geneva: United Nations.

    Google Scholar 

  • UNCTAD TDR (2007) Regional Cooperation for Development. Geneva: United Nations.

    Google Scholar 

  • UNCTAD TDR (2014) ‘Global Governance and Policy Space for Development’, Geneva: United Nations.

    Google Scholar 

  • UNCTAD TDR (2015) 'Making the international financial architecture work for development. Geneva: United Nations.

    Google Scholar 

  • Vartiainen, Juhana (1995) ‘The State and Structural Change: What can be Learnt from the Successful Late Industrializers?’, in Robert Rowthorn and Ha-joon Chang (eds.) The Role of the State in Economic Change, Oxford: Clarendon Press.

    Google Scholar 

  • Wade, Robert (1992) Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization, Princeton, NJ: Princeton University Press.

    Google Scholar 

  • World Bank (2012) China 2030: Building a Modern, Harmonious, and Creative High-Income Society, Washington, DC: The World Bank.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Richard Kozul-Wright.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Kozul-Wright, R., Fortunato, P. Sustaining Industrial Development in the South. Development 58, 463–472 (2015). https://doi.org/10.1057/s41301-016-0039-8

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1057/s41301-016-0039-8

Keywords

Navigation