Book Details


Paths to the Emerging State in Asia and Africa

Publication year: 2019

ISBN: 978-981-13-3131-2

Internet Resource: Please Login to download book

This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods.

Subject: Economics and Finance, Economic History, Development Economics, Asian Economics, History of China, History of South Asia, History of Southeast Asia, emerging state, Intra-Asian trade, Labor-intensive industrialization, Planned economy and industrialization, Structural transformation, Green Revolution, Agricultural exploitation to protection, Increasing failure in Irrigation management