First published in 1984, this work explores the issues surrounding the industrialisation of the Third World at the beginning of the 1980s. The expectation that Newly Industrialising Countries would facilitate industrial growth via an outward-orientated strategy had begun to be the combination of growing recession, growing protectionism and the diffusion of radical microelectronics-related technical change. In addition, the high indebtedness of developing countries made them increasingly dependent on assistance from the IMF and IBRD, whose policies increased the tendency towards de-industrialisation. The papers in this volume explore all of these issues and their implication for LDC industrial strategy in the 1980s.

Explores the issues surrounding the industrialisation of the Third World at the beginning of the 1980s. This book examines the expectation that Newly Industrialising Countries would facilitate industrial growth via an outward-orientated strategy had begun to be the combination of growing recession and growing protectionism.

Developing countries have undergone significant industrialization in the last three decades. Yet industrial growth reveals marked spatial inequalities in terms of both country and location. The Newly Industrialised Countries have achieved spectacular growth in sharp contrast to many other countries of the South. Industrial structure has changed, moving away from labour intensive industries to more technologically advanced manufacturing. Developing countries have had considerable success in penetrating developed country markets but they are now encountering more market restrictions. The role of the government in the development of the economy is also changing. Increasingly, countries are turning towards export-orientated industrialization strategies and privatization whilst their governments are emphasising their facilitative role.

Using firm-level data from the engineering industries in India and South Korea, charts the evolution of the firms and the industry as a whole during the liberalization process that happened in both countries during the 1980s. Reviews the changes in policy, then combines four full case studies with information from other case studies to explore such issues as entry barriers to international industry and the role of previous policies in accumulating competitive capabilities. Draws lessons on how state intervention can foster internationally competitive firms. Acidic paper. Annotation copyright by Book News, Inc., Portland, OR

The quest for a viable policy toward the Third World will be a dominant theme in U.S. foreign policy throughout this decade. But before any judgments can be made about the range of choices for U.S. policymakers, it is necessary to understand the pressures that are likely to confront developing nations during the 1980s as well as the efforts of these nations as a group to extract greater resources and attention from the international system. This book considers policy responses that have been and are likely to be implemented by developing nations as they face increasing pressures in the areas of food, energy, trade, and debt – the main areas of interaction within the international system. The author also presents an analysis of how the North-South Dialogue functions and why it has produced so few genuine settlements, providing an additional perspective on whether the pressures on the developing countries might be diminished by successful global negotiations. The conclusions reached by examining policy responses and the Dialogue itself provide the basis for a number of specific policy prescriptions. They also help to establish a framework within which U.S. policy initiatives toward the Third World must be formed. The two concluding chapters discuss these policy choices in detail, carefully analyzing the advantages and disadvantages of persisting in present policies, attempting a genuine global restructuring, choosing to concentrate attention on a few "new influentials" in the Third World, and trying to construct a new approach out of selected elements of the other policy approaches.

Explores the issues surrounding the industrialisation of the Third World at the beginning of the 1980s. This book examines the expectation that Newly Industrialising Countries would facilitate industrial growth via an outward-orientated strategy had begun to be the combination of growing recession and growing protectionism.

A text aiming to provide a framework for studying industrial development in countries of the developing world. It compares the nature of Latin American industrialization with that of East Asia, the former of which has been inward-looking during the 20th century and the latter more outward-looking.