Umfang:
Online-Ressource (xi, 130 p.)
,
ill.
Ausgabe:
Online-Ausg.
ISBN:
9780821384916
,
9780821395462
Serie:
Agriculture and Rural Development Series
Inhalt:
Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products-that only incidentally favor some sectors over others.
Inhalt:
Intro -- Half Title Page -- Title Page -- Copyright -- Contents -- Acknowledgments -- Abbreviations -- 1 Introduction -- Conceptual Issues -- What Makes a Good Good? -- Beyond Goods -- Notes -- Part I What Makes a Good Good? -- 2 Cursed Goods: Natural Resources -- Stylized Facts and the Mechanisms of the Curse -- The Elusive Resource Curse -- Notes -- 3 Rich Country "High Productivity" Goods -- What Are High PRODY Goods? -- Of Monkeys and Trees -- Notes -- 4 Smart Goods -- Wage Premiums and Educational Endowments in Latin America -- Wage Premiums across Industries -- Country and Industry Effects on Skill Premiums -- Exports and Industry Skill Premiums -- Notes -- Part II Beyond Goods -- 5 Export Heterogeneity Along the Quality Dimension -- Export Heterogeneity along the Quality Dimension -- How Do Latin America and the Caribbean Compare in Export Unit Values? -- Unit Value Dynamics -- What Affects the Growth of Unit Values? Countries versus Industries -- Entry and Exit Patterns -- Conclusion -- Notes -- 6 Heterogeneity in the Production of Goods -- How Things Are Produced Matters -- Smart Goods or Smart Production Processes? -- The How -- Goods or Tasks? -- Notes -- 7 Trade Quality as Portfolio Diversification -- Development as Diversification -- Market Failures in Product Innovation and Diversification -- Scarce Evidence of Market Failures -- Natural Resources, Export Concentration, and Volatility -- Volatility as a Determinant of Export Structure and Financial Development -- The Distribution of Manufactured Exports -- Notes -- 8 Conclusion and Policy Reflections -- Bibliography -- Index -- Back Cover.
Anmerkung:
Includes bibliographical references and index. - Electronic reproduction; Palo Alto, Calif; ebrary; 2011; Available via World Wide Web; Access may be limited to ebrary affiliated libraries
,
pt. 1. What makes a good good? -- pt. 2. Beyond goods
Weitere Ausg.:
ISBN 9780821384916
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9780821384916
Sprache:
Englisch
Schlagwort(e):
Electronic books
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