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Manufacturing has played a key role in the economic fortunes of the East and South Asian regions. This timely book analyses patterns of rapid catch-up and relative stagnation in the manufacturing sector and links these to economic growth in the region.Dr Timmer describes the manufacturing performance of five Asian countries since the 1960s: China, India, Indonesia, South Korea and Taiwan. Over this period Asian industrial development is placed in an international perspective by comparison with the world productivity leader, the USA. The author uses new empirical data to assess the degree of structural change in the manufacturing sector and its importance for productivity growth. He then discusses conditions for economic growth and catch up, and reviews the role of industrial and technology policies in the promotion of industrial development in Asia.
Marcel P. Timmer, Research Fellow, Groningen Growth and Development Centre, Faculty of Economics, University of Groningen, The Netherlands
Contents: 1. Introduction 2. The Catch-up Hypothesis in Retrospect 3. Industry-of-Origin Approach to International Comparisons 4. A Benchmark for Relative Productivity Levels 5. Catch-up and Relative Stagnation in Aggregate Manufacturing 6. Catch-up and Relative Stagnation in Manufacturing Branches 7. Structural Change and Productivity Growth 8. The Impact of Industrial and Technology Policies 9. Summary and Conclusions References Index
'. . . for those interested in the role of manufacturing in economic development, this book is well worth reading. It is well written, and the comparative perspective offered by the findings adds to our knowledge of what works and what does not work in promoting the growth of manufacturing in developing countries.'