Structural Transformation — How Does Thailand Compare?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498395333
Total Pages : 30 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Structural Transformation — How Does Thailand Compare? by : Mr.Vladimir Klyuev

Download or read book Structural Transformation — How Does Thailand Compare? written by Mr.Vladimir Klyuev and published by International Monetary Fund. This book was released on 2015-03-04 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture—a sector that employs a much larger share of the population than is typical for a country at Thailand’s level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process—which made a significant contribution to Thailand’s growth in the past—appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government’s price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy.

Structural Transformation

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Author :
Publisher :
ISBN 13 : 9781498309059
Total Pages : pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Structural Transformation by : Vladimir Klyuev

Download or read book Structural Transformation written by Vladimir Klyuev and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Structural transformation in Southeast Asian countries and key drivers

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4./5 ( download)

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Book Synopsis Structural transformation in Southeast Asian countries and key drivers by : Bathla, Seema

Download or read book Structural transformation in Southeast Asian countries and key drivers written by Bathla, Seema and published by Intl Food Policy Res Inst. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study’s objective is to examine the factors that have driven structural transformation (ST) in the Southeast Asian (SEA) economies and the policies supporting the process. It sets the stage by evaluating the ST in each country, quantifying the contribution of “within sector” and “structural change” to overall productivity growth and estimating the turning points (TPs) to gauge the prospects of income convergence. Eight SEA countries, undergoing a steady rate of economic growth —Cambodia, Lao PDR, Myanmar, Viet Nam, Philippines, Malaysia, Indonesia, and Thailand (CLMVPMIT) are chosen for analysis. We find their progress on ST to be consistent with the theory and historical patterns experienced in several developed and developing countries. However, progress is diverse across these countries and lags behind developed countries, indicating that labor is not exiting agriculture as fast as agriculture’s share of value added has been declining. The ST has decreased from 49 percent in Thailand to almost 3 percent each in Cambodia and Malaysia during 1991 to 2016. Further, the contribution of within change to productivity, which was pivotal during the 1990s in each country is rather subdued during the 2000s, thereby giving comparative primacy to structural change. A relatively higher—57 to 80 percent—contribution of structural change in Cambodia and Lao PDR, together with productivity growth, may be explained by increasing migration and trade in nonagriculture products. We also find that while Lao PDR, Thailand, and Indonesia have reached their TPs, other nations, especially the poorer ones such as Viet Nam, Myanmar, and Philippines are predicted to take at least a decade towards this goal. Empirical analysis suggests ST in CLMVPMIT is positively driven by agricultural productivity, terms of trade, and public investments in infrastructure, with little role for rural to urban migration and market integration. Large inter-sectoral productivity differentials across SEA countries, other than in Cambodia and Malaysia, necessitates to accelerate agricultural disproportionate share of the labor force in agriculture through higher productivity.

Development and Distribution

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Author :
Publisher : Oxford University Press
ISBN 13 : 0198792360
Total Pages : 231 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Development and Distribution by : Andrew Sumner

Download or read book Development and Distribution written by Andrew Sumner and published by Oxford University Press. This book was released on 2018 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Malaysia, Indonesia, and Thailand as examples, this book focuses on industrialization in South East Asia. These nations have all undergone a major transformation from being poor, agrarian countries to middle-income countries with a developed industrial and manufacturing base; Development and Distribution seeks to explain why and how.

Structural Transformation in Southeast Asian Countries and Key Drivers

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Author :
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Structural Transformation in Southeast Asian Countries and Key Drivers by : Seema Bathla

Download or read book Structural Transformation in Southeast Asian Countries and Key Drivers written by Seema Bathla and published by . This book was released on 2019 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study's objective is to examine the factors that have driven structural transformation (ST) in the Southeast Asian (SEA) economies and the policies supporting the process. It sets the stage by evaluating the ST in each country, quantifying the contribution of “within sector” and “structural change” to overall productivity growth and estimating the turning points (TPs) to gauge the prospects of income convergence. Eight SEA countries, undergoing a steady rate of economic growth -- Cambodia, Lao PDR, Myanmar, Viet Nam, Philippines, Malaysia, Indonesia, and Thailand (CLMVPMIT) are chosen for analysis. We find their progress on ST to be consistent with the theory and historical patterns experienced in several developed and developing countries. However, progress is diverse across these countries and lags behind developed countries, indicating that labor is not exiting agriculture as fast as agriculture's share of value added has been declining. The ST has decreased from 49 percent in Thailand to almost 3 percent each in Cambodia and Malaysia during 1991 to 2016. Further, the contribution of within change to productivity, which was pivotal during the 1990s in each country is rather subdued during the 2000s, thereby giving comparative primacy to structural change. A relatively higher -- 57 to 80 percent -- contribution of structural change in Cambodia and Lao PDR, together with productivity growth, may be explained by increasing migration and trade in nonagriculture products. We also find that while Lao PDR, Thailand, and Indonesia have reached their TPs, other nations, especially the poorer ones such as Viet Nam, Myanmar, and Philippines are predicted to take at least a decade towards this goal. Empirical analysis suggests ST in CLMVPMIT is positively driven by agricultural productivity, terms of trade, and public investments in infrastructure, with little role for rural to urban migration and market integration. Large inter-sectoral productivity differentials across SEA countries, other than in Cambodia and Malaysia, necessitates to accelerate agricultural disproportionate share of the labor force in agriculture through higher productivity.

Kuznets beyond Kuznets

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Publisher : Brookings Institution Press
ISBN 13 : 4899741006
Total Pages : 0 pages
Book Rating : 4.8/5 (997 download)

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Book Synopsis Kuznets beyond Kuznets by : Saumik Paul

Download or read book Kuznets beyond Kuznets written by Saumik Paul and published by Brookings Institution Press. This book was released on 2018-12-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simon Kuznets’ views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.

Explaining Structural Changes in the Thai Economy

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Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (222 download)

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Book Synopsis Explaining Structural Changes in the Thai Economy by : Areeratana Montrivat

Download or read book Explaining Structural Changes in the Thai Economy written by Areeratana Montrivat and published by . This book was released on 1985 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Disrupted Development and the Future of Inequality in the Age of Automation

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Author :
Publisher : Springer Nature
ISBN 13 : 3030301311
Total Pages : 108 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Disrupted Development and the Future of Inequality in the Age of Automation by : Lukas Schlogl

Download or read book Disrupted Development and the Future of Inequality in the Age of Automation written by Lukas Schlogl and published by Springer Nature. This book was released on 2020-01-13 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book examines the future of inequality, work and wages in the age of automation with a focus on developing countries. The authors argue that the rise of a global ‘robot reserve army’ has profound effects on labor markets and economic development, but, rather than causing mass unemployment, new technologies are more likely to lead to stagnant wages and premature deindustrialization. The book illuminates the debate on the impact of automation upon economic development, in particular issues of poverty, inequality and work. It highlights public policy responses and strategies–ranging from containment to coping mechanisms—to confront the effects of automation.

Accelerating Growth and Structural Transformation: Ghana's Options for Reaching Middle-Income Country Status

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Author :
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4./5 ( download)

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Book Synopsis Accelerating Growth and Structural Transformation: Ghana's Options for Reaching Middle-Income Country Status by : Clemens Breisinger, Xinshen Diao, James Thurlow, Bingxin Yu, and Shashidhara Kolavalli

Download or read book Accelerating Growth and Structural Transformation: Ghana's Options for Reaching Middle-Income Country Status written by Clemens Breisinger, Xinshen Diao, James Thurlow, Bingxin Yu, and Shashidhara Kolavalli and published by Intl Food Policy Res Inst. This book was released on with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Structural Transformation and Economic Development

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Author :
Publisher : Routledge
ISBN 13 : 1317199596
Total Pages : 230 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Structural Transformation and Economic Development by : Banji Oyelaran-Oyeyinka

Download or read book Structural Transformation and Economic Development written by Banji Oyelaran-Oyeyinka and published by Routledge. This book was released on 2016-09-13 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines long-term structural changes and the broad impact on economic development in regional comparative perspectives. The book analyzes data across Africa, Asia and Latin America. It looks at key variables of productivity growth, industrialization, poverty, urbanization, and employment. This book is concerned with understanding structural change dynamics and how it affects job creation, living standards, and the efficiency of productive cities through manufacturing productivity growth that benefits majority of citizens. With empirical evidence from a selected number of developing countries including China, India, Brazil, Nigeria and South Africa, the book attempts to present the considerable structural changes of these countries over the last few decades. It highlights that growth without the expected job creation is one of the distinct features of growth in emerging and developing countries. It suggests that countries may well record economic growth, whether through within sector productivity increase or through structural change, but this may not necessarily lead to employment, an important concern for long-term development.

IMF Research Bulletin, June 2015

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513503979
Total Pages : 15 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis IMF Research Bulletin, June 2015 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, June 2015 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2015-06-18 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the June 2015 issue, the Research Summaries review "Migration: An Attractive Insurance Option in African Countries" (Ahmat Jidoud) and "Investment in Emerging Markets" (Nicolas E. Magud and Sebastian Sosa). The Q&A looks at "Seven Questions on Islamic Finance” (Inutu Lukonga). The Bulletin also includes its regular listings of recent IMF Working Papers and Staff Discussion Notes, as well as information on the "IMF Economic Review." A new IMF eLibrary discussion site on energy and climate change is highlighted, along with new recommendations from IMF Publications.

Economic Diversification in Developing Countries

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Economic Diversification in Developing Countries by : Ms. Corinne C Delechat

Download or read book Economic Diversification in Developing Countries written by Ms. Corinne C Delechat and published by International Monetary Fund. This book was released on 2024-07-30 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the significance and impact of broad-based and industrial policies on economic diversification in developing economies, supported by a literature review, case studies, and IMF analyses. Economic diversification entails shifting from traditional sectors, like agriculture and mining, to a variety of high-quality services and sectors. This transition is crucial for adapting to global market fluctuations and promoting sustainable growth and improved living standards. A literature review, including many IMF contributions, reveals a strong correlation between economic diversification and improved macroeconomic performance in developing countries, such as faster economic growth and higher incomes per capita. Factors influencing economic diversification include macroeconomic stability, infrastructure quality, workforce skills, credit access, regulatory environment, and income equality. Six case studies highlight the experiences of Costa Rica, Gabon, Georgia, India, Senegal, and Vietnam, demonstrating that successful diversification strategies require a long-term commitment and effective broad-based policies. Industrial policies can support diversification by addressing market failures, but they must be well-designed and effectively implemented. Common lessons include the necessity of maintaining macroeconomic stability, investing in human capital, and fostering competition. Sector-specific mechanisms like Special Economic Zones should be used cautiously, emphasizing underlying bottlenecks and minimizing fiscal costs. Country-specific insights include Costa Rica's strategic policy shift towards export orientation, Gabon's reduced dependence on oil, Georgia's market-friendly policies, India's skilled labor and software clusters, Senegal's infrastructure and business environment improvements, and Vietnam's transition from an agrarian to an industrial economy. The IMF's engagement in diversification emphasizes improving human capital, infrastructure, reducing trade barriers, and promoting international trade integration. Policymakers, researchers, and international organizations increasingly recognize the importance of economic diversification for resilient, sustainable, and inclusive growth, requiring nuanced policy interventions tailored to each country's context and capabilities.

Structural Transformation in South Africa

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Author :
Publisher : Oxford University Press
ISBN 13 : 0192894315
Total Pages : 411 pages
Book Rating : 4.1/5 (928 download)

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Book Synopsis Structural Transformation in South Africa by : Antonio Andreoni

Download or read book Structural Transformation in South Africa written by Antonio Andreoni and published by Oxford University Press. This book was released on 2021 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.

Routledge Handbook of Industry and Development

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Publisher : Routledge
ISBN 13 : 1136698922
Total Pages : 620 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis Routledge Handbook of Industry and Development by : John Weiss

Download or read book Routledge Handbook of Industry and Development written by John Weiss and published by Routledge. This book was released on 2015-09-16 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Industry and Development is a global overview of industrialisation. Each chapter will provide readers with contemporary insights into this this essential aspect of economic development. Industrialisation has been at the forefront of discussion on economic development since the earliest days of development economics. But over the last fifty years, the manufacturing sectors of different countries and regions have grown at strikingly different rates. In 1960 developing countries took a very small share of global manufacturing production. Today the position had changed radically with fast growth of manufacturing in many parts of what was originally the developing world, particularly in China and the rest of East Asia. On the other hand, countries in Africa and parts of Latin America have been largely left behind by this process of industrialisation. This volume aims to illuminate this uneven development and takes stock of the current issues that hinder and support industrialisation in low and middle income economies. This Handbook is a collection of chapters on different aspects of industrialisation experience in a range of countries. Key themes include, the role of manufacturing in growth, the nature of structural change at different stages of development, the role of manufacturing in employment creation, alternative options for trade and industrial policy, the key role of technology and technical change, and the impact of globalisation and the spread of global value chains and foreign direct investment on prospects for industrialisation. Several chapters discuss individual country experiences with examples from India, Mexico, South Africa and Tanzania, as well as an overview of African industrialisation. This authoritative Handbook will be a key reference source for those studying or wishing to understand contemporary economic development. Offering inspiration and direction for future research, this landmark volume will be of crucial importance to all development economics scholars and researchers.

OECD Development Pathways Multi-dimensional Review of Thailand Volume 3: From Analysis to Action

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264741062
Total Pages : 110 pages
Book Rating : 4.2/5 (647 download)

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Book Synopsis OECD Development Pathways Multi-dimensional Review of Thailand Volume 3: From Analysis to Action by : OECD

Download or read book OECD Development Pathways Multi-dimensional Review of Thailand Volume 3: From Analysis to Action written by OECD and published by OECD Publishing. This book was released on 2019-06-25 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thailand is a fast emerging country that aspires to become a high-income economy by 2037. Strong growth has enabled the country to join the group of upper-middle-income economies in the early 2010s and to perform well in many areas.

Does What You Export Matter?

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Publisher : World Bank Publications
ISBN 13 : 0821384910
Total Pages : 153 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Does What You Export Matter? by : Daniel Lederman

Download or read book Does What You Export Matter? written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 241 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.