{"title":"The Flying-Geese Theory","authors":"T. Ozawa","doi":"10.1093/OXFORDHB/9780198793847.013.5","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.5","url":null,"abstract":"This chapter examines the ‘flying-geese’ (FG) theory first introduced by Japanese economist Kaname Akamatsu in the mid-1930s, arguing that it must be reformulated in the light of stepped-up globalization. It first provides an overview of the basic assumptions of the FG theory before discussing the role of multinational corporations as an instrument of catch-up and an endogenizer of growth in the world economy. It then analyses the ‘(double-helix) ladder of development à la Schumpeter’ that can capture and expand on Akamatsu’s ideas about the inter- and intra-structural changes and the evolutionary hierarchy of economies aligned at different growth stages. It also considers the Schumpeterian ladder-related, S-shaped growth trajectory along which economic development proceeds. Finally, it describes three rounds of national ecosystem reform needed to move sustainable growth forward: from low-income stagnation towards middle-income status; bypassing the middle-income trap towards high-income status; and escaping the ‘high-income (sclerosis) trap’.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123840512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Growth and Structural Transformation In the Waemu Countries","authors":"Tchétché N'Guessan","doi":"10.1093/OXFORDHB/9780198793847.013.28","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.28","url":null,"abstract":"This chapter examines the extent to which the new economic growth that began in 2000 in the West African Economic and Monetary Union (WAEMU) has led to the structural transformation of member countries. To answer this question, four indicators of structural transformation are used: the share of final consumption in the gross national product, the share of each sector in total production, the decline of agricultural employment, and the diversification of the exports of WAEMU member countries. After discussing these indicators in greater detail, the chapter provides a background on WAEMU as well as the evolution of economic growth in member countries. It then considers the structural transformation of the WAEMU economies and presents a SWOT analysis emphasizing these economies’ principal strengths, weaknesses, and opportunities, and the threats to them. It also offers recommendations for removing obstacles to the structural transformation of the WAEMU economies.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134564839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trade and Structural Change Over Two Centuries","authors":"G. Federico, Antonio Tena-Junguito","doi":"10.1093/OXFORDHB/9780198793847.013.8","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.8","url":null,"abstract":"This chapter examines the causal relationship between world trade and structural transformation from 1800 to the present. It first provides an overview of the growth of world trade since 1800 before discussing the link between openness and globalization, with a focus on long-term changes in export/GDP ratios at current prices for different time-invariant samples of countries. It then considers the effect of structural transformation on world openness based on a constant market share analysis. It shows that the current level of globalization is unprecedented and that the rise in openness—and thus the potential for trade-fostered economic growth—took place primarily in 1830–1870 and in 1972–2007. The chapter also finds that the movements in openness were largely driven by the residual changes in trade costs and, in more recent times, the development of international supply chains.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131514380","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural Transformation and Growth","authors":"Richard Rogerson","doi":"10.1093/OXFORDHB/9780198793847.013.2","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.2","url":null,"abstract":"This chapter illustrates how structural transformation and outcomes resembling balanced growth at the aggregate level can be generated simultaneously using a growth model. It begins with a discussion of the three key economic mechanisms that drive structural transformation: the first emphasizes income effects while the other two both emphasize relative price effects. These mechanisms are then incorporated into a standard version of the growth model to test whether it is possible to obtain balanced growth and structural transformation at the same time. By extending the model to include multiple consumption sectors, a new model that generates balanced growth and structural transformation is achieved. The chapter also explains how three basic mechanisms described can drive sectoral reallocation of labour in the face of development associated with increases in productivity and capital.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128861983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Latin America’s Structural Transformation Patterns","authors":"J. Ocampo","doi":"10.1093/OXFORDHB/9780198793847.013.19","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.19","url":null,"abstract":"This chapter examines patterns of structural transformation in Latin America, with particular emphasis on the changing role of industrialization and export structures in the region’s development process. The discussion draws on the notion of ‘dynamic efficiency’—that the capacity to constantly generate new dynamic activities, with increasing knowledge contents, is the key to rapid economic growth. The chapter first provides an overview of the commodity export age before analysing the period of rapid industrialization termed ‘state-led industrialization’. It then considers the process of structural change during the period of market reforms, specifically the long de-industrialization that it generated and the more recent re-primarization of the region’s export structure. It shows that state-led industrialization was a period of success for Latin American economies in terms of structural transformation and economic growth, whereas market reforms have been associated with slow economic growth.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127339770","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transforming Traditional Agriculture Redux","authors":"J. Alston, P. Pardey","doi":"10.1093/OXFORDHB/9780198793847.013.16","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.16","url":null,"abstract":"In Transforming Traditional Agriculture T.W. Schultz (1964), envisioned a crucial role for investments in ‘nontraditional’ inputs such as knowledge and education, and improvements in the quality of material inputs and people, to help shift agriculture to a firmer footing and capitalize on agriculture as an engine of economic growth. However, the patterns of agricultural change over the subsequent half century have been uneven. Around the world today can be found countries at every stage of the transition that is now largely complete in the high-income countries. Global agricultural production has been dominated for a long time by a short (but changing) list of relatively large and populous countries. In 2011–13, just ten countries accounted for 55.7 per cent of the world’s cropland. The bulk of global crop production takes place in the temperate north (62.9 per cent). Supply side factors affect the location of production, but demand matters too. Food commodities are predominantly produced close to where they will be consumed. Consequently, calories produced from staple crops as a share of each country’s calories produced from all crops has a visibly negative relationship with average per capita income—an Engel effect on the national agricultural output mix.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125458853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Location Fundamentals, Agglomeration Economies, and The Geography of Multinational Firms","authors":"Laura Alfaro, Maggie Xiaoyang Chen","doi":"10.1093/OXFORDHB/9780198793847.013.10","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.10","url":null,"abstract":"This chapter examines the patterns and determinants underlying the global economic geography of multinational corporations (MNCs), focusing in particular on location fundamentals and agglomeration economies. The discussion builds on three broad strands of literature: the first, in the area of international trade, explores the role of location fundamentals in MNCs’ decisions to invest abroad; the second, in the field of regional and urban economics, studies the importance of Marshallian agglomeration forces in domestic economic geography; and the third assesses the advantage of proximity between customers and suppliers. A spatially continuous index of pairwise-industry agglomeration is developed using a unique worldwide establishment data set, WorldBase, that shows detailed location, ownership, and operation information for plants in more than 100 countries. The results suggest that location fundamentals, including market access and comparative advantage, and agglomeration economies such as capital-good market externality and technology diffusion, play an important role in MNCs’ economic geography.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125998956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Strength of American Federal Democracy","authors":"R. Myerson","doi":"10.1093/OXFORDHB/9780198793847.013.30","DOIUrl":"https://doi.org/10.1093/OXFORDHB/9780198793847.013.30","url":null,"abstract":"This chapter examines the important role played by two basic principles—representative democracy, and a proper division of power between national and subnational governments—in America’s successful development. The discussion begins with background on America’s colonial origins and its establishment as a nation, before turning to the benefits of decentralized democracy. The chapter then considers how American-style democracy has been applied in other countries without decentralization, in contrast to America’s systematic extension of decentralized federal democracy to new territories. It also shows how decentralized democracy empowered immigrants and argues that national elites tend to be biased against federal decentralization. In conclusion, the chapter explains how federal decentralization has benefited Americans in a variety of ways and summarizes lessons that the strength of American federal democracy imparts for global development.","PeriodicalId":153188,"journal":{"name":"The Oxford Handbook of Structural Transformation","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129499235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}