한국관련자료
When Manufacturing Matters Most: Structural Transformation and Productivity Growth Trajectories in Developing and Emerging Economies
The findings of this study suggest that low-income economies could boost productivity through strategies that combine manufacturing development with investments in institutional quality, technological infrastructure, and human capital formation.
The emergence of premature deindustrialization has sparked debate over whether manufacturing-led development remains a viable strategy for low-income economies. This paper examines labor productivity growth trajectories in 31 developing and emerging economies over 1960？2019. It finds that manufacturing employment expansion provides substantial benefits for economies at lower productivity levels, indicating that targeted industrial policies can serve as powerful tools for catch-up growth. However, realizing these benefits requires comprehensive approaches that address multiple structural constraints simultaneously.
The emergence of premature deindustrialization has sparked debate over whether manufacturing-led development remains a viable strategy for low-income economies. This paper examines labor productivity growth trajectories in 31 developing and emerging economies over 1960？2019. It finds that manufacturing employment expansion provides substantial benefits for economies at lower productivity levels, indicating that targeted industrial policies can serve as powerful tools for catch-up growth. However, realizing these benefits requires comprehensive approaches that address multiple structural constraints simultaneously.
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