Globalization and Structural Change around the World, 1985–2015
Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant developed countries, manufacturing became more skill-intensive and employed fewer workers. In land-scarce developing East Asia, labor-intensive manufacturing expanded, especially and hugely in China. In land-abundant Africa, Latin America, and the Middle East, by contrast, manufacturing shares fell, while in land-scarce South Asia labor-intensive manufacturing was constrained by low literacy and inadequate infrastructure. This pattern of structural change contributed to higher average growth rates during this period in land-scarce than in land-abundant developing countries. Future changes in sectoral structures and growth rates will continue to be shaped by differences among countries in land abundance and skill supplies that matter for development policy choices.
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Published by Oxford University Press on behalf of the World Bank
2019-02
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Subjects: | GLOBALIZATION, STRUCTURAL TRANSFORMATION, INDUSTRIALIZATION, ECONOMIC GROWTH, HECKSCHER-OHLIN, LAND SCARCITY, |
Online Access: | http://hdl.handle.net/10986/34345 http://dx.doi.org/10.1596/34345 |
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dig-okr-10986343452023-04-04T13:12:07Z Globalization and Structural Change around the World, 1985–2015 Wood, Adrian GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant developed countries, manufacturing became more skill-intensive and employed fewer workers. In land-scarce developing East Asia, labor-intensive manufacturing expanded, especially and hugely in China. In land-abundant Africa, Latin America, and the Middle East, by contrast, manufacturing shares fell, while in land-scarce South Asia labor-intensive manufacturing was constrained by low literacy and inadequate infrastructure. This pattern of structural change contributed to higher average growth rates during this period in land-scarce than in land-abundant developing countries. Future changes in sectoral structures and growth rates will continue to be shaped by differences among countries in land abundance and skill supplies that matter for development policy choices. 2020-08-12T19:16:32Z 2020-08-12T19:16:32Z 2019-02 Journal Article Article de journal Artículo de revista World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/34345 http://dx.doi.org/10.1596/34345 World Bank Research Observer CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf Published by Oxford University Press on behalf of the World Bank |
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GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY |
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GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY Wood, Adrian Globalization and Structural Change around the World, 1985–2015 |
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Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant developed countries, manufacturing became more skill-intensive and employed fewer workers. In land-scarce developing East Asia, labor-intensive manufacturing expanded, especially and hugely in China. In land-abundant Africa, Latin America, and the Middle East, by contrast, manufacturing shares fell, while in land-scarce South Asia labor-intensive manufacturing was constrained by low literacy and inadequate infrastructure. This pattern of structural change contributed to higher average growth rates during this period in land-scarce than in land-abundant developing countries. Future changes in sectoral structures and growth rates will continue to be shaped by differences among countries in land abundance and skill supplies that matter for development policy choices. |
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Journal Article |
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GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY |
author |
Wood, Adrian |
author_facet |
Wood, Adrian |
author_sort |
Wood, Adrian |
title |
Globalization and Structural Change around the World, 1985–2015 |
title_short |
Globalization and Structural Change around the World, 1985–2015 |
title_full |
Globalization and Structural Change around the World, 1985–2015 |
title_fullStr |
Globalization and Structural Change around the World, 1985–2015 |
title_full_unstemmed |
Globalization and Structural Change around the World, 1985–2015 |
title_sort |
globalization and structural change around the world, 1985–2015 |
publisher |
Published by Oxford University Press on behalf of the World Bank |
publishDate |
2019-02 |
url |
http://hdl.handle.net/10986/34345 http://dx.doi.org/10.1596/34345 |
work_keys_str_mv |
AT woodadrian globalizationandstructuralchangearoundtheworld19852015 |
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