Globalization and Structural Change around the World, 1985–2015

Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant develope...

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Main Author:	Wood, Adrian
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2020
Subjects:	GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY
Online Access:	http://hdl.handle.net/10986/34345

id	okr-10986-34345
recordtype	oai_dc
spelling	okr-10986-343452021-05-25T10:54:39Z Globalization and Structural Change around the World, 1985–2015 Wood, Adrian GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant developed countries, manufacturing became more skill-intensive and employed fewer workers. In land-scarce developing East Asia, labor-intensive manufacturing expanded, especially and hugely in China. In land-abundant Africa, Latin America, and the Middle East, by contrast, manufacturing shares fell, while in land-scarce South Asia labor-intensive manufacturing was constrained by low literacy and inadequate infrastructure. This pattern of structural change contributed to higher average growth rates during this period in land-scarce than in land-abundant developing countries. Future changes in sectoral structures and growth rates will continue to be shaped by differences among countries in land abundance and skill supplies that matter for development policy choices. 2020-08-12T19:16:32Z 2020-08-12T19:16:32Z 2019-02 Journal Article World Bank Research Observer 1564-6971 http://hdl.handle.net/10986/34345 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY
spellingShingle	GLOBALIZATION STRUCTURAL TRANSFORMATION INDUSTRIALIZATION ECONOMIC GROWTH HECKSCHER-OHLIN LAND SCARCITY Wood, Adrian Globalization and Structural Change around the World, 1985–2015
description	Structural change is a vital element of successful development. Between 1985 and 2015, however, falling barriers to trade and transfer of technology shifted sectoral structures in different directions in different countries by intensifying endowment-related specialization. In skill-abundant developed countries, manufacturing became more skill-intensive and employed fewer workers. In land-scarce developing East Asia, labor-intensive manufacturing expanded, especially and hugely in China. In land-abundant Africa, Latin America, and the Middle East, by contrast, manufacturing shares fell, while in land-scarce South Asia labor-intensive manufacturing was constrained by low literacy and inadequate infrastructure. This pattern of structural change contributed to higher average growth rates during this period in land-scarce than in land-abundant developing countries. Future changes in sectoral structures and growth rates will continue to be shaped by differences among countries in land abundance and skill supplies that matter for development policy choices.
format	Journal Article
author	Wood, Adrian
author_facet	Wood, Adrian
author_sort	Wood, Adrian
title	Globalization and Structural Change around the World, 1985–2015
title_short	Globalization and Structural Change around the World, 1985–2015
title_full	Globalization and Structural Change around the World, 1985–2015
title_fullStr	Globalization and Structural Change around the World, 1985–2015
title_full_unstemmed	Globalization and Structural Change around the World, 1985–2015
title_sort	globalization and structural change around the world, 1985–2015
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2020
url	http://hdl.handle.net/10986/34345
_version_	1764480704240943104

Globalization and Structural Change around the World, 1985–2015

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