Yusuf, ShahidNabeshima, Kaoru2013-05-242013-05-242010978-0-8213-8240-0https://hdl.handle.net/10986/13544The focus of this volume is on China and India. The authors see them as the principal beneficiaries of the first upheaval, roughly bookended by the crises of 1997-98 and of 2008-09, and as being among the prime movers whose economic footprints will expand most rapidly in the coming decades. If these two countries do come close to realizing their considerable ambitions, their neighbors in Asia and their trading partners throughout the world must be ready for major adjustments. The changes in industrial geography and in the pattern of trade since the mid-1990s have already been far-reaching. Nothing on a comparable scale occurred during the preceding two decades of the 20th century. These developments offer instructive clues concerning the possible direction of changes in the future. However, in the interest of manageability, the author analysis is centered on the dynamics of industrialization, as these have a large bearing on the course of development. Within this context, reference is made to trade, foreign direct investment, and the building of technological capabilities, which together constitute a major subset of the factors responsible for the shape not only of the industrial geography of the past but also of the industrial geography yet to come. The striking feature of development in South and East Asia in the second half of the 20th century is the degree to which Japan dominated the industrial landscape and how the Japanese model triggered the first wave of industrialization in four East Asian economies-the Republic of Korea; Taiwan, China; Hong Kong, China; and Singapore. These four so-called tiger economies were the early starters, and each has become a mature industrial economy. Indeed, Hong Kong, having transferred almost all of its manufacturing activities to the Pearl River Delta, has morphed into a postindustrial economy.en-USCC BY 3.0 IGOAccountingadvanced countriesAnnual Growthback-officeBank OfficeBenchmarkBusiness Indicatorsbusiness processbusiness sectorbusiness servicesCapabilitiescapabilitycapital controlscapital flowscapital investmentcapital stockcapitalist economyCommoditiesCommodityCommodity Pricescommunication technologycomparative advantagecomparative advantagesCompetitive AdvantageCompetitivenesscomputer systemsconsumer durablesconsumer electronicsCopyrightCopyright ClearanceCopyright Clearance Centercross-country analysiscurrencyCustomsdebtsdevaluationdeveloped countriesdeveloping countriesDeveloping EconomiesDevelopment EconomicsDevelopment PathsDevelopment ReportDevelopment Researchdisposable incomesdiversificationdomestic marketDomestic Savingse-mailEconomic ActivitiesEconomic DevelopmentEconomic Growtheconomic historyeconomic integrationeconomic performanceEconomic policyeconomic powerEconomic Reformeconomic relationsEconomic Researcheconomic sizeEconomics ResearchEducational AttainmentEmploymentequipmentexchange ratesExportsExternal Tradefinancial crisisfinancial marketsForeign Direct Investmentforeign exchangeForeign Tradefree tradefree trade agreementFuture ProspectsGDPGDP per capitaGlobal Competitivenessglobal economyglobal marketGlobal Outputglobalizationgovernment backinggross domestic productgrowth modelGrowth Performancegrowth rategrowth ratesGrowth Theorieshigh growthhuman capitalHuman ResourcesHuman Resources DevelopmentICTimageincome growthincome levelsindustrial capacityIndustrial Developmentindustrial economyindustrial regionsindustrial sectorindustrial structuresindustrial technologyIndustrializationinformation technologyinnovationinnovationsinsuranceintellectual propertyinternational capitalInternational ComparisonInternational Economiesinternational marketsInternationalizationIPLabor Forcelabor unionslicenseslimited accesslong-run growthlong-term growthlow interest ratesMacroeconomic StabilityMacroeconomicsManufacturingManufacturing Industriesmanufacturing industrymaterialmedium enterprisemedium enterprisesmedium termmigrationMonetary Economicsmultinational corporationmultinational corporationsNet ExportsNetworksOutputOutput GrowthoutsourcingPatentsper capita growthPer Capita IncomePolicy Implicationspower parityproductive assetsProductivityproductivity growthpurchasing powerqueriesR&Dradioradiosrapid growthrate of growthrate of investmentregulatory constraintsreputationresource mobilizationresultSavingssavings depositsSemiconductorskilled workerssocial securitystate-owned enterprisesStructural AdjustmentStructural Changesubsidiarytargetstechnical assistancetechnological advancetechnological changetechnological progresstechnology transferTelephonetime zonetotal factor productivitytrade facilitationtrade negotiationstransistortransporturban developmenturban economyValue AddedWagesWorld Development Indicatorsworld economyWorld TradeWorld Trade OrganizationWTOWorld Bank10.1596/978-0-8213-8240-0