Deindustrialization : Causes and Implications /

All advanced economies have experienced a secular decline in the share of manufacturing employment-a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industr...

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Bibliografiska uppgifter
Huvudupphovsman: Ramaswamy, Ramana
Övriga upphovsmän: Rowthorn, Bob
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1997.
Serie:IMF Working Papers; Working Paper ; No. 1997/042
Länkar:Full text available on IMF
Beskrivning
Sammanfattning:All advanced economies have experienced a secular decline in the share of manufacturing employment-a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industrial dynamism in an already developed economy, and that North-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization for the growth prospects and the nature of labor market arrangements in the advanced economies.
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Fysisk beskrivning:1 online resource (38 pages)
Materialtyp:Mode of access: Internet
ISSN:1018-5941
Tillgång:Electronic access restricted to authorized BRAC University faculty, staff and students