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Journal Article

20

Restructuring Industrialisation

Published on 1 October 1989

There is now widespread recognition by economists and industrial planners that, after some decades of historically unprecedented economic growth, the world economy is in a period of transition.

The conditions which govern and shape best-practice industrial accumulation are changing, and new types of economic structures are now required for competitiveness to be achieved. This transition is reflected in a significant decline in both productivity growth and GDP growth in Europe and North America, a phenomenon which first emerged in the late 1960s. By contrast, in Japan and the Asian NICs it is reflected in a sustained high rate of growth.

These changing conditions of industrial accumulation affect all economies – including developing countries and require appropriate policy responses if economic decline is to be averted.

Authors

Image of Raphael Kaplinsky
Raphael Kaplinsky

Emeritus Fellow

Publication details

published by
IDS
authors
Kaplinsky, R.
journal
IDS Bulletin, volume 20, issue 4
isbn
0265 5012

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About this publication

Research themes
Inclusive Economies

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