Chapter

Asia's Labour‐driven Growth, Flying Geese Style: Types of Trade, FDI, and Institutions Matter for the Poor

Terutomo Ozawa

in The Poor under Globalization in Asia, Latin America, and Africa

Published in print May 2010 | ISBN: 9780199584758
Published online September 2010 | e-ISBN: 9780191594533 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199584758.003.0004

Series: WIDER Studies in Development Economics

 Asia's Labour‐driven Growth, Flying Geese Style: Types of Trade, FDI, and Institutions Matter for the Poor

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The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia's rapid growth accompanied by poverty reduction. It emphasizes the criticality of pro‐poor policies and institutional set‐ups in the fast‐developing East Asian economies. The efforts of these individual countries are, however, a necessary but not sufficient condition (explanation). There is a more essential, underlying region‐wide mechanism that simultaneously promotes regionalized growth and specifically favours Asia's working mass of unskilled labour. Such an efficacious mechanism is posited in the ‘flying geese paradigm of comparative advantage recycling in labour intensive goods’. The chapter argues that a number of favourable factors have fortuitously coalesced to engender a considerably favourable condition for Asia's rapid catch‐up growth in which unskilled labour (the poor) can participate as their countries' most vital input in labour‐driven development.

Keywords: comparative advantage; flying geese theory; growth; labour‐driven economic development; trade; poverty reduction; recycling

Chapter.  10936 words.  Illustrated.

Subjects: Economic Development and Growth

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