[PDF] Resource Based Industrialization eBook

Author : Richard M. Auty
Publisher : Oxford University Press, USA
Page : 308 pages
File Size : 41,81 MB
Release : 1990
Category : Business & Economics
ISBN :

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This book is the first cross-country analysis of resource-based industrialization (RBI), a controversial industrialization strategy favored by developing countries in the 1970s. It examines the expectations and the actual experience of RBI in the oil-exporting countries Bahrain, Cameroon, Indonesia, Malaysia, Nigeria, Saudi Arabia, Trinidad and Tobago, and Venezuela. Auty shows that these countries underestimated the risks associated with RBI's large capital-intensive projects and that many RBI plants were poorly implemented and became uncompetitive when prices fell below forecast levels. However, Auty argues, given its long gestation period and link to volatile energy markets, RBI does have considerable long-term potential provided conditions of financial restructuring and macro- and micro-economic efficiency are met. Scholars and students in development economics, and advisers and consultants in and to developing-country governments will find this important analysis covers a variety of country sizes and efficiency constraints, offering a broad range of examples of RBI.

Author : Allan Dahl Andersen
Publisher : Routledge
Page : 173 pages
File Size : 42,74 MB
Release : 2020-06-04
Category : Business & Economics
ISBN : 1000709833

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This book develops and articulates a new perspective on the relationship between natural resources and development by foregrounding issues of innovation, knowledge, and industrial dynamics. Despite growing academic attention to the relationship between economic development and natural resources in social sciences, the issue has received rather limited attention in the field of Innovation Studies. This is problematic given the centrality of innovation and technological change for growth and development. Against that background, this book makes three contributions. Firstly, it summarizes and synthesizes existing insights about learning and innovation in Natural Resource Based Industries. Secondly, it develops new insights based on original research work. Thirdly, it distils and explains the remaining research challenges in the field. Containing important insights for researchers, businesses, and policymakers, this book will be useful to all those with an interest in navigating a natural resource based development pathway. This book was originally published as a special issue of Innovation and Development.

Author : R. M. Auty
Publisher : Oxford University Press
Page : 357 pages
File Size : 34,89 MB
Release : 2001-06-28
Category : Business & Economics
ISBN : 0199246882

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Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.

Author : Adam Szirmai
Publisher : Wider Studies in Development E
Page : 466 pages
File Size : 19,64 MB
Release : 2013-02-28
Category : Business & Economics
ISBN : 0199667853

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This book deals with the importance of industrialization and the development of manufacturing in the economic development process. It focuses specifically on new challenges such as global value chains, the rise of China, climate change, and the role of state versus private sector entrepreneurs in forging appropriate industrial policies.

Author : Alexander J. Yeats
Publisher : World Bank Publications
Page : 35 pages
File Size : 35,25 MB
Release : 1991
Category : Commerce
ISBN :

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Because of the relative shift from primary commodity exports to more processed commodities between the 1960s and the 1980s, most developing countries have experienced less instability in export earnings for agricultural materials, ores, and metals - and more favorable long-term price trends.

Author : Berhanu Abegaz
Publisher : Routledge
Page : 311 pages
File Size : 41,37 MB
Release : 2018-02-21
Category : Business & Economics
ISBN : 135167109X

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Industrial Development in Africa critically synthesizes and reframes the debates on African industrial development in a capability-opportunity framework. It recasts the challenge in a broader comparative context of successive waves of catchup industrialization experiences in the European periphery, Latin America, and East Asia. Berhanu Abegaz explores the case for resource-based and factor-based industrialization in North Africa and Sub-Saharan Africa by drawing on insights from the history of industrialization, development economics, political economy, and institutional economics. Unpacking complex and diverse experiences, the chapters look at Africa at several levels: continent-wide, sub-regions on both sides of the Sahara, and present analytical case studies of 12 representative countries: Egypt, Tunisia, Ethiopia, Kenya, Tanzania, Mauritius, Zimbabwe, South Africa, Ghana, Nigeria, Senegal, and Cote d’Ivoire. Industrial Development in Africa will be of interest to undergraduate and graduate students studying African development, African economics, and late-stage industrialization. The book will also be of interest to policymakers.

Author : Mohd. Ismail Ahmad
Publisher : Institute of Southeast Asian
Page : 95 pages
File Size : 32,16 MB
Release : 1990
Category : Business & Economics
ISBN : 9813035692

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The development of resource-based industries has featured importantly in the industrialization strategies of both Malaysia and Thailand and there is considerable potential for the further expansion of the industries. This study provides some background details of the Malaysian and Thai economies and examines some of the features of resource-based industries and their current status in the two countries.