Different Paths of Deindustrialization: Latin American and Southeast Asian Countries from a Comparative Perspective
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This paper looks from a comparative perspective at different paths of deindustrialization taken by Latin American and Southeast Asian countries. Using a sample of 112 developing countries over the period between 1990 and 2012, it is analyzed how each deindustrialization source has affected the deindustrialization paths of the two country groups. It is found that, the ‘inverted-U’ relationship between the share of value added by manufacturing in total GDP and per capita income; the continuous downward slope of the inverted-U curve; the Dutch Disease effect; and the emergence of China as a major player in the world trade scene have affected the deindustrialization paths of the two country groups with different timings, speeds, and degrees.
Abstract
This paper looks from a comparative perspective at different paths of deindustrialization taken by Latin American and Southeast Asian countries. Using a sample of 112 developing countries over the period between 1990 and 2012, it is analyzed how each deindustrialization source has affected the deindustrialization paths of the two country groups. It is found that, the ‘inverted-U’ relationship between the share of value added by manufacturing in total GDP and per capita income; the continuous downward slope of the inverted-U curve; the Dutch Disease effect; and the emergence of China as a major player in the world trade scene have affected the deindustrialization paths of the two country groups with different timings, speeds, and degrees.
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