By Helen Hughes
This e-book examines the commercial luck of the newly industrializing and near-industrializing economies of East Asia. the prestigious team of authors covers various themes in a comparative viewpoint, and identifies classes of outrage to monetary, political, and social questions during the constructing international. participants: James Riedel, Hollis Chenery, Seiji Naya, Thomas G. Parry, Robert Wade, Arnold C. Harberger, Deepak Lal, Ryokichi Hirono, Stephen Haggard, J.A.C. Mackie, William J. O'Malley.
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Additional resources for Achieving Industrialization in East Asia
Thailand and Indonesia are of course latecomers to industrialization. The failure of real wages to rise in the Philippines is more problematic, since the Philippines was one of the first to start industrializing and currently has a larger manufacturing sector in relation to GDP than that of any other East Asian country apart from Taiwan. e. factor intensity and trade orientation) as well as the 18 Achieving Industrialization in East Asia rate of industrialization influence real wage trends (Lai 1983; Fields 1984).
Countries are ordered according to the lowness of the sum of ranks (Borda scores). e. the share of the bottom 20 per cent, bottom 40 per cent, bottom 60 per cent and bottom 80 per cent of households, respectively). 8. Six occupy the top half of the sample, and four fall in the top third. Malaysia is found to have the worst income distribution among the East Asian countries, and perhaps not surprisingly it is there that political sensitivity to distributional issues is most acute. 9 The Philippines, the slowest growing East Asian country, exhibits the second worst income dis8 9 Sen (1973,1981) explains the merits of Borda's method and applies it to the same data set.
11 Rates of nominal (N) and effective (E) protection (percentage) Consumer durables N Singapore (1967) Taiwan (1969) Korea, Republic of (1968) Korea, Republic of (1978) Malaysia (1978) Thailand (1978) Philippines (1965) Philippines (1980) Indonesia (1975) E 7 10 14 29 31 51 40 131 55 173 57 495 70 86 115 224 Machinery Transport equipment Overall N E N E N E 5 9 28 18 22 21 16 6 1 43 47 39 58 34 24 15 1 27 54 31 — 80 -1 55 164 135 -5 417 75 3 12 11 18 22 27 51 715 20 6 15 1 31 39 70 51 70 30 Sources: Tan and Hock (1982); Lee and Liang (1982); Westphal and Kim (1982); Lutkenhorst (1984); Ariff and Hill (1985a); Power and Sicat (1971); Lutkenhorst (1984); Ariff and Hill (1985a), respectively.