Author: Peter John Brimble
Publisher:
ISBN:
Category : Industrial policy
Languages : en
Pages : 388

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Book Description

Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552

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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

Author:
Publisher:
ISBN:
Category : Economic and social development plan
Languages : en
Pages : 24

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Book Description

Author: David H. Feeny
Publisher: UBC Press
ISBN: 0774843489
Category : Political Science
Languages : en
Pages : 250

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Book Description
The economic history of Thailand between 1880 and 1975 contrasts sharply with the development experiences of other Third World countries. Between the opening of trade in 1850 and 1941, when war halted economic activity, Thailand became a major exporter of rice in the world market. Although conditions for further growth seemed highly favourable, Thailand's rapid integration into the world economy failed to improve living standards, and rice yields actually declined. In examining the causes of the underdevelopment of Thai agriculture over the last 100 years, Feeny introduces supply and demand models of technical and institutional change to analyse why the rice export boom did not result in more development. This book, much of which is based on primary research in the Thai National Archives, is one of the few quantitative economic histories of a less developed country.

Author: Kanitta Meesook
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 56

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Book Description
Research report examining the impact of industrial sector labour force distribution on economic growth in Thailand - discusses employment, labour productivity and income distribution trends, export oriented industryalisation, shift in the labour force from the agricultural sector, etc. Bibliography, graphs and references.

Author: Mr.Vladimir Klyuev
Publisher: International Monetary Fund
ISBN: 1498395333
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture—a sector that employs a much larger share of the population than is typical for a country at Thailand’s level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process—which made a significant contribution to Thailand’s growth in the past—appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government’s price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy.

Author: Chaiyuth Punyasavatsut
Publisher:
ISBN:
Category :
Languages : en
Pages : 374

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Book Description

Author: Industry, Trade and International Economic Relations Program
Publisher:
ISBN:
Category : Industrial productivity
Languages : en
Pages :

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Book Description

Author: Sombūn Siriprachai
Publisher:
ISBN: 9789971696511
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
This volume of collected essays by Somboon Siriprachai offers a critical assessment of Thai industrialization with a focus on industrial policy, rent seeking and income inequality. An economist by training, Somboon saw the Thai state as authoritarian rather than developmental, and criticized the adoption policies that were oriented toward increasing government revenue instead of nurturing industrial development. While these policies achieved growth, they did not strengthen Thailand's technological capability and industrial skills, or promote research and development. Somboon disputed the World Bank’s classification of Thailand as a Newly Industrializing Economy (NIE), backing his argument with empirical evidence and comparisons with Japan, South Korea and Taiwan. The success of these East Asian countries, he suggested, rested on the competence of the state to direct the accumulation process rather than reliance on any particular strategy for industrialization. Arguing that growth of industrial productivity is the key to a country’s living standard and its ability to compete in the world market, he argued that government intervention was essential to successful late-comer industrialization. Combining institutional economics with a historical perspective, Somboon’s work provides a unique analysis of the transition of the Thai economy from around the mid nineteenth century until 2000. His essays are a unique and valuable contribution not only to Thai studies but also to the study of economic development of late-comer countries and the role of the state in that process.

Author: Glen L. Parker
Publisher:
ISBN:
Category :
Languages : en
Pages : 712

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Book Description