Twelfth International Conference on Management of the Pakistan Economy Technology, Entrepreneurship and Productivity Growth – Where Pakistan stands and where it must go:Structural Change and Economic Growth: The Experience of the East Asian Economies

Abstract

The East Asian economies have attracted attention from policy makers following their successful efforts to quicken economic development. Rapid growth in these countries has been achieved through structural change from low to high value added activities. In all of them the share of manufacturing rose as the economies grew rapidly. With the exception of China and Vietnam where the share of manufacturing in GDP is still growing, it has gradually fallen in the others. However, while deindustrialization in Japan, Singapore, South Korea and Taiwan began to occur only after these economies had become developed, deindustrialization in Indonesia, Malaysia, Philippines and Thailand have taken place while they are still developing. This paper attempts to analyze these different experiences against host country policy interventions with a view towards elucidating lessons for other latecomer economies, such as Pakistan.