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Forum 2005

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  • Sukti Dasgupta
  • Ajit Singh

Abstract

type="main" xml:lang="en"> This article revisits the role of manufacturing and services in economic development in the light of a number of new phenomena: a faster growth of services than of manufacturing in many developing countries; the emergence of ‘de-industrialization’ in several developing countries, at low levels of per capita income; jobless growth in the formal sector, even in fast-growing countries such as India; and a large expansion of the informal sector in developing countries. Although this article examines these phenomena in the specific context of the Indian economy, the analysis has much wider application and implications, both for economic policy and for theories of growth and structural change.

Suggested Citation

  • Sukti Dasgupta & Ajit Singh, 2005. "Forum 2005," Development and Change, International Institute of Social Studies, vol. 36(6), pages 1035-1057, November.
    • Handle: RePEc:bla:devchg:v:36:y:2005:i:6:p:1035-1057
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    1. Ute Pieper, 2003. "Sectoral regularities of productivity growth in developing countries--a Kaldorian interpretation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(6), pages 831-850, November.
    2. Robert Rowthorn & Ramana Ramaswamy, 1999. "Growth, Trade, and Deindustrialization," IMF Staff Papers, Palgrave Macmillan, vol. 46(1), pages 1-2.
    3. Mr. Dani Rodrik & Mr. Arvind Subramanian, 2004. "Why India Can Grow At 7 Percent a Year or More: Projections and Reflections," IMF Working Papers 2004/118, International Monetary Fund.
    4. A. P. Thirlwall, 2002. "The Nature of Economic Growth," Books, Edward Elgar Publishing, number 2579.
    5. Singh, Ajit, 1989. "Third World Competition and De-industrialisation in Advanced Countries," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 13(1), pages 103-120, March.
    6. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    7. Singh, Ajit, 1977. "UK Industry and the World Economy: A Case of De-industrialisation?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(2), pages 113-136, June.
    8. Jayawardena, L., 1991. "A Global Environmental Compact For Sustainable Development: Resource Requirement and Mechanisms," Research Paper 1, World Institute for Development Economics Research.
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