The paper presents a brief theoretical and historical explanation of the transformative process of the Japanese economy from a stagnant agrarian society to a modern industrial one. Specifically, it analyzes the role of agriculture in the early stage of Japan's development in the last three...

The period since the turn of the century appears at first sight to have been one of great ‘dynamism’ in the Indian manufacturing sector in the sense of the sector exhibiting or experiencing significant movement, but without that really adding up to a process of full-fledged...

The Democratic Republic of Congo (DRC) is endowed with vast natural resources, including cobalt, copper, and diamonds. Despite this wealth, the country struggles with economic challenges, notably high poverty rates and instability. This paper introduces the Theorem of Industrial Diversification...

Economists have long searched for patterns that relate successful development to structure and policy. This article reviews the experience of growth and industrialization in the postwar period in more than 100 economies, drawing on time-series data over a three-decade period. Economies are...

Cluster policy has gained remarkable prominence in regional and sectoral structural policy in industrialized countries. Instead of compensating for weaknesses it focuses on strengths in the local and regional economic structure. In Germany, handing out regional development funds in competitions...

Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing countries' economic development from the formerly prevailing...

The development of Abu Dhabi and Dubai during past years seems breathtaking. Both emirates pursue a strategy of diversifying their economic structure and thus of becoming less dependent on oil and gas. The obvious goal is to secure their prosperity for an era beyond oil. Diversification is a...

This research explores the effects of distance to the pre-industrial technological frontiers on comparative economic development in the course of human history. It establishes theoretically and empirically that distance to the frontier had a persistent non-monotonic effect on a country's...

The topics of interest of the economists have been common since the emergence of the economic discipline like science in the beginnings of the Modernity; the theoretical contributions of William Petty are an example of this. The articles wants to trace the origin of the Petty Clark law from...

Least Developed Countries’ (LDCs’) recent economic performance has sparked renewed optimism, although the remarkable trend in GDP growth has not been commensurate with employment creation and social development outcomes. Against this background, whilst the Istanbul Programme of Action for...