Changing the Industrial Geography in Asia The Impact of China and India

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ISBN: 9780821382400 | 0821382403
Cover: Paperback
Copyright: 9/1/2010

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China and India are emerging as the heartlands of global manufacturing. In conjunction with the financial crisis of 2008-9, this phenomenon is likely to transform the industrial geography of Asia - and the world. Through an analysis of the factors driving the transformation, this book indicates the implications for manufacturing activities in the major economies of East and South Asia.

Acknowledgments	p. xv
About the Authors	p. xvii
Abbreviations	p. xix
Introduction	p. 1
China Awakens	p. 3
India Gathers Speed	p. 4
The Puzzle of Growth Miracles	p. 6
Enter Korea	p. 9
China Sets a New Benchmark	p. 12
India in the Global Scales	p. 15
Savings, Investment, Technology, and Growth: A Comparison	p. 15
In a Class of Its Own	p. 22
References	p. 26
Development Experience of China and India	p. 29
China's Industrial Development	p. 31
India's Development Experience	p. 54
References	p. 66
Trade Dynamics in China and India	p. 69
Asian Intraregional and Intra-industrial Trade	p. 71
Investing to Export	p. 80
Wages and Labor Productivity	p. 87
Competitive Advantage and Its Evolution	p. 91
Role of FDI and Processing Trade	p. 112
China and India as Importers	p. 117
References	p. 122
Unfolding Industry Dynamics in East and South Asia	p. 125
Industrial Trends in the Rest of Asia	p. 130
Trade Competition: China, India, and the Rest	p. 166
Technological Capabilities and Competitiveness	p. 184
Future Prospects	p. 199
References	p. 200
The Drivers of Asia's Industrial Geography	p. 203
Rebalancing the United States	p. 203
Savings and Investment	p. 205
Major Technological Shifts	p. 211
Clustering of Industrial Activities	p. 214
Shift in Global Production Networks	p. 218
References	p. 221
Industrial Strategy at a Crossroads	p. 225
Business as Usual	p. 226
Concentration of Economic Activities in China and India	p. 229
New Industrial Epoch, New Opportunities	p. 237
Concluding Observations	p. 240
References	p. 243
Index	p. 247
Figures
Per Capita GDP Growth of Germany and Japan (Deviation from World per Capita GDP Growth)	p. 8
Per Capita GDP Growth of China, India, and the Republic of Korea (Deviation from World per Capita GDP Growth)	p. 9
Gross Capital Formation	p. 10
Gross Domestic Savings	p. 10
Exports of Goods and Services	p. 11
Share of World GDP	p. 13
Global Share of Nominal GDP	p. 14
Share of FDI in GDP	p. 18
Per Capita GDP Growth and Labor Force with Tertiary Education	p. 19
Per Capita GDP Growth with Patents	p. 21
Per Capita GDP Growth and Labor Force with Tertiary Education: China	p. 22
Per Capita GDP Growth and Labor Force with Tertiary Education: India	p. 23
Relationship between GDP Growth and Growth in Manufacturing Value Added	p. 30
Percentage Point Contribution of Real Net Exports to GDP Growth in Asia	p. 30
Composition of GDP (Supply Side), China	p. 33
Industrial Composition by Type of Manufactures of China, 1981, 1990, and 2003	p. 34
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Changing the Industrial Geography in Asia The Impact of China and India

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