Deindustrialization, Distribution, and Development: Structural Change in the Global South

Description

The term rust belt has rarely been associated with developing countries. In fact, it is commonly used to discuss deindustrialization in advanced nations, particularly the US. However, this book argues that such a belt is now threatening the middle-income developing world, spreading across Brazil and other countries in Latin America, running down across South Africa, and then upwards to Malaysia, Indonesia, Thailand, and the Philippines in South East Asia. Deindustrialization, Distribution, and Development: Structural Change in the Global South explores the emergent processes of stalled industrialization and the spectre of deindustrialization in these developing countries. Building upon the author's previous work on economic development, structural change, and income inequality, this book examines the causes and consequences of these new issues, focusing on inequality both between and within countries since the Cold War. Providing a comparative, in-depth analysis of the varieties of contemporary structural change in the Global South and challenging many long-standing myths, this work explains why late development remains a crucial concept in understanding contemporary development and explores what deindustrialization means for the future of global development. Cover Deindustrialization, Distribution, and Development: Structural Change in the Global South Copyright Acknowledgements Contents List of Figures List of Tables List of Abbreviations 1: Introduction 1.1 The Myth 1.2 This Book 1.3 A Brief History of Late Development since 1990 1.4 The Theses of the Book 1.5 Methodology and Methods 1.6 The Existing Literature 1.7 The Structure of the Book 1.8 Conclusion 2: The Two New Middles: Bifurcation and Precarity in Late Economic Development 2.1 Introduction 2.2 Convergence, Divergence, and Bifurcation 2.3 The World’s Two New Precarious ‘Middles’ 2.4 The First Myth of Economic Development 2.5 Conclusion 3: Contemporary Structural Change: Stalled Industrialization and the Spectre of Premature Deindustrialization 3.1 Introduction 3.2 Varieties of Economic Development and the ‘New’ Normal 3.3 The Cross-Country Empirics of Industrialization and Deindustrialization 3.4 The Second Myth of Economic Development 3.5 Conclusion 4: Income Inequality between Countries: Catch-up and Slow-down in a Value Chain World 4.1 Introduction 4.2 The Emergence of a GVC World 4.3 The Empirics of GVC Integration 4.4 Beyond the Third Myth of Economic Development 4.5 Conclusion 5: Income Inequality within Countries: Growth with Falling Labour Shares 5.1 Introduction 5.2 Structural Transformation and Income Inequality within Countries 5.3 The Empirics of Structural Change and Within-Country Inequality 5.4 Beyond the Fourth Myth of Economic Development 5.5 Conclusion 6: Conclusion 6.1 Introduction 6.2 A Recap 6.3 The Core Thesis and a Set of Stylized Facts 6.3.1 The Core Thesis 6.3.2 Ten Stylized Facts 6.4 Looking Ahead: Late Development, New Developmentalism, and Automation 6.4.1 The Question of Late Development 6.4.2 Industrialization, Deindustrialization, and Developmentalism in Developing Countries 6.4.3 Industrialization, Deindustrialization, and Automation 6.5 Conclusions References Index