{"title":"Breaking the Mold: India's Untraveled Path to Prosperity by Raghuram G. Rajan and Rohit Lamba, Princeton, NJ, Princeton University Press, 2024, xxxii + 298 pp.","authors":"Tirthankar Roy","doi":"10.1111/deve.12417","DOIUrl":"10.1111/deve.12417","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"412-414"},"PeriodicalIF":2.5,"publicationDate":"2024-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141770416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Land Value, and Urban Transport and Amenities: Evidence From Antananarivo, Madagascar","authors":"Atsushi Iimi","doi":"10.1111/deve.12415","DOIUrl":"10.1111/deve.12415","url":null,"abstract":"<p>Although urbanization is an engine of growth, many African cities are overly crowded with massive traffic congestion and high housing prices, pushing the poor away to unfavorable settlements or remote suburban areas and making them commute long. The paper sheds light on the relationship between land value and urban attributes in a rapidly growing African city, Antananarivo, Madagascar. It shows that the land value gradient is steep with an elasticity of −0.78 with respect to trip time to the city center. Thus, housing prices are overshooting. Better urban planning is needed through improving transport accessibility by minibus. Other urban infrastructure services, such as piped water and garbage collection, and urban amenities are also important to add to land values. Spatial heterogeneity is found across different locations in the city. While some areas require clean water and climate resilience, others need more city amenities, such as parks.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"323-354"},"PeriodicalIF":2.5,"publicationDate":"2024-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/deve.12415","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141770275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gentrification of Taste and Lifestyle: Shanghai as an Instagrammable Wanghong City","authors":"Lei Ping","doi":"10.1111/deve.12414","DOIUrl":"10.1111/deve.12414","url":null,"abstract":"<div>\u0000 \u0000 <p>Gentrification parallels with massive demolition and displacement in Chinese cities in the post-Reform era. The article studies the ways in which gentrification of cultural taste and lifestyle is played into state-sponsored neoliberal space and class making. Focusing on Shanghai—China's gateway to modernity and leading Instagrammable Internet-famous (<i>wanghong</i>) city—the article examines how the new Shanghai middle class becomes the patron of gentrification and how spatial consumption in the age of social media produces new forms of urban inauthenticity and social distinction. Through case studies of the transformation of two major historic Shanghai architectural forms—vernacular alleyway (<i>longtang</i>) houses and Western-style garden villas (<i>laoyangfang</i>)—into <i>wanghong</i> scenes, the article argues that by “wanghongnizing” cities like Shanghai and gentrifying ordinary people's everyday life, the Chinese state strategically replaces collective memories of radical urbanism and displacement with propagation of an aestheticized middle-class <i>xiaokang</i> society and romanticized “Chinese Dream.”</p>\u0000 </div>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"64 1","pages":"10-21"},"PeriodicalIF":1.4,"publicationDate":"2024-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141817975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Shadow Empires: An Alternative Imperial History by Thomas J. Barfield, Princeton, NJ, Princeton University Press, 2023, xii + 366 pp.","authors":"Christopher Chase-Dunn","doi":"10.1111/deve.12416","DOIUrl":"10.1111/deve.12416","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"409-412"},"PeriodicalIF":2.5,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141644468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Institutional Quality Causes Financial Development?","authors":"Hira Yousaf, Khalid Riaz","doi":"10.1111/deve.12410","DOIUrl":"10.1111/deve.12410","url":null,"abstract":"<p>Institutional quality has received considerable attention in recent years as a potential determinant of variation in the level of financial development across countries. The current paper critically reviews the literature linking formal and informal institutions and financial development. It discusses the main theories in this regard—namely, legal origins theory, the new political economy of finance, and cultural finance. The paper provides an overview of the latest empirical research in each of these areas with a focus on the data and methods used. The directions for further research are also highlighted.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"380-408"},"PeriodicalIF":2.5,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141570970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Global Value Chain Participation and Firm Exit During COVID-19: Evidence from Emerging Countries","authors":"Ngoc Thang Doan","doi":"10.1111/deve.12411","DOIUrl":"10.1111/deve.12411","url":null,"abstract":"<p>This paper uncovers the nexus between global value chain participation and firm exit during COVID-19 using merged data from World Bank Enterprises Survey and the Enterprise Survey Follow-Up on COVID-19. Empirical results suggest that participation in global value chain could positively extend firm survival and is robust to several specifications, including alternative measures of firm exit and global value chain participation. Further analysis indicates that global value chain participation helps a firm to improve productivity, enhance bargaining power, and mitigate financial constraints, thereby lifting the firm survival. Our paper contributes to understanding how global value chain participation influences firm exit, suggesting several policy and managerial implications.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 4","pages":"355-379"},"PeriodicalIF":2.5,"publicationDate":"2024-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141570974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Modern Arab Kingship: Remaking the Ottoman Political Order in the Interwar Middle East by Adam Mestyan, Princeton, NJ, Princeton University Press, 2023, xxi + 322 pp.","authors":"Camille Lyans Cole","doi":"10.1111/deve.12413","DOIUrl":"10.1111/deve.12413","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 3","pages":"313-316"},"PeriodicalIF":2.5,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141551120","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Resource Nationalism in Indonesia: Booms, Big Business, and the State by Eve Warburton, Ithaca, NY, Cornell University Press, 2023, xiv + 233 pp.","authors":"James Guild","doi":"10.1111/deve.12412","DOIUrl":"10.1111/deve.12412","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 3","pages":"310-313"},"PeriodicalIF":2.5,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Successful Foreign Direct Investment Through the Development of Parts Supply Industries in the Host Country: A Study of India's Automobile Manufacturing Sector","authors":"Manabu Furuta, Takahiro Sato, Keijiro Otsuka","doi":"10.1111/deve.12401","DOIUrl":"10.1111/deve.12401","url":null,"abstract":"<p>Several large multinationals and a few local assemblers dominate the Indian automobile industry. The largest multinational, Maruti Suzuki, entered the Indian automobile industry with a policy of developing local automotive parts manufacturers to achieve high local content ratio. This study seeks to determine the extent to which foreign direct investment (FDI) in host countries contributes to the growth of automobile parts manufacturers. We use district-level panel data from 2000 to 2008 to assess the linkage between the production of major automobile assemblers and the development of automotive parts suppliers located in the same and adjacent districts to those assemblers. Our regression results show the heterogeneity of the linkages, suggesting that the formation of industrial clusters by local parts suppliers and the expansion of their production capacity are likely to be key determinants of the success of FDI in the Indian automobile industry, rather than relying on in-house parts production or imports.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 3","pages":"195-237"},"PeriodicalIF":2.5,"publicationDate":"2024-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/deve.12401","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reinventing the Chinese City by Richard Hu, New York, NY, Columbia University Press, 2023, viii + 306 pp.","authors":"Tianchen Dai","doi":"10.1111/deve.12408","DOIUrl":"10.1111/deve.12408","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"62 3","pages":"305-308"},"PeriodicalIF":2.5,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141380715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}