Fukunishi, Takahiro; Yamagata, Tatsufumi - Institute of Developing Economies, Japan External Trade … - 2013
-intensive industry as a starting point for full-fledged industrialization, even though it might at first seem to be a digression from the … 2008 in Bangladesh, Cambodia, Kenya and Madagascar, the following conclusions are drawn: (1) low wages, though still … initiation of industrialization causes wages to begin to rise, there is still a possibility for productivity enhancement; and (3 …