Vol 3, No 1 (2015)
Escaping from Development Traps: Industrialization and Racing from the Bottom
Hans W. Gottinger, Celia Umali
Abstract
For development economies, escaping costly development traps an industrialization policy is likely to be gradual rather than take a ‚big push‛ form and becoming more balanced over time. Under certain conditions the optimal industrialization policy should be more unbalanced the weaker are the sectorial linkages, the stronger are increasing returns, entrepreneurial resources, and the smaller are the domestic market size and the lesser the degree of dynamic competition. We show how to make tradeoffs at different levels of development and from the perspective of the industrialization debate in a historical context of modern development policies.
Full text: 
PDF
Keywords
Development traps; Tradeoffs; Industrialization
Publication information
Volume 3, Issue 1
Year of Publication: 2015
ISSN: 1857 - 8721
Publisher: EDNOTERA
How to cite
Gottinger, H. W., Umali, C.: Escaping from Development Traps: Industrialization and Racing from the Bottom. Journal of Applied Economics and Business, Vol 3, No. 1, 5-13. (2015)