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Premature Deindustrialization Risk in Asian Latecomer Developing Economies.
- Source :
- Asian Economic Papers; Summer2022, Vol. 21 Issue 2, p61-77, 17p
- Publication Year :
- 2022
-
Abstract
- This study examines the risk of premature deindustrialization in latecomer developing countries in Asia, focusing on their manufacturing output ratio. Diverging from the literature that treats Asian economies as a group with comparative advantages in manufacturing, this empirical analysis adopts the latecomer index to demonstrate downward shifts in the latecomers' manufacturing–income relationship, implying a premature deindustrialization risk. Furthermore, it shows that the risk is higher for manufacturing trade-deficit countries (compared with trade-surplus countries) and for South Asian countries (compared with Southeast Asian countries). Therefore, Asian economies should improve their logistics performance for greater global value chain participation to avoid premature deindustrialization. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 15353516
- Volume :
- 21
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Asian Economic Papers
- Publication Type :
- Academic Journal
- Accession number :
- 157583384
- Full Text :
- https://doi.org/10.1162/asep_a_00851