1. A Manufacturing (Re)Naissance? Industrialization in the Developing World
- Author
-
Kruse, Hagen, Mensah, Emmanuel, Sen, Kunal, and de Vries, Gaaitzen
- Subjects
Poverty -- Latin America -- Sub-Saharan Africa -- Ethiopia -- Asia -- Netherlands -- Vietnam ,Developing countries ,Economic growth ,Banking, finance and accounting industries ,Business ,Business, international ,World Bank Group. World Bank ,United Nations University ,International Monetary Fund - Abstract
This paper examines industrialization in developing countries. It introduces the GGDC/UNU-WIDER Economic Transformation Database, which provides consistent annual data of employment, real and nominal value added by 12 sectors in 51 economies for the period 1990-2018. Regressions that control for income and population indicate a manufacturing renaissance in several middle-income countries since the 2000s. We observe industrialization in many low-income Asian and sub-Saharan African countries. The industrial naissance in sub-Saharan Africa appears characterized by unregistered firms that expand employment. JEL Classification N10 * O14 * O47, 1 Introduction Historically, the reallocation of workers from craft to modern activities has driven sustained improvements in living standards. It was the industrial revolution that initiated a long period of [...]
- Published
- 2023
- Full Text
- View/download PDF