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31. Financial Development in Myanmar and the Role of Japan

Author:
Tomoo Kikuchi and Takehiro Masutomo
Publication Date:
05-2019
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Since 2011, under the Thein Sein government, Myanmar has started to build financial institutions almost from scratch. Japan has played a leading role in this effort, writing off debt, opening the Yangon Stock Exchange, vying for the entry of Japanese banks, and laying out finance-related laws. Myanmar’s weak institutions present considerable challenges. By examining common features of financial markets in Southeast Asia, this paper identifies the preconditions for financial development to be a vehicle for Myanmar’s industrialisation as well as the rationale for Japan’s public and private involvement in Myanmar.
Topic:
Foreign Policy, Finance, Institutions, Private Sector, and Industrialization
Political Geography:
Japan, Asia, and Myanmar

32. Rent Seeking and Industrial Growth in Africa: The Case of Dangote’s Cement Industry

Author:
Adeoye O. Akinola
Publication Date:
11-2019
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Over the years, Africa has been noted for its socio-economic turmoil, and one of the decisive factors responsible for its dwindling economic fortune has been the lack of industrialization or de-industrialization experienced in the region. Africa is not lacking in both human and natural resources required for the attainment of socio- economic greatness; however, the lack of will-power and necessary policies to spur industrial growth have been evident. Although, Africa had recorded economic growth indicators decades ago, but the lack of its industrial prowess to sustain such has had a debilitating effect on its economy. This has made it imperative to acknowledge the policy-gaps in the industrialization question and explore the factors responsible for the lull in its industrial growth. Western scholarship holds that corruption and rent seeking hurts Africa’s quest for industrialization, but I contend with ascribing the same understanding to the two concepts and argue that rent seeking is required to drive the industrial agenda of African states. Through the case study of Dangote’s investment in the Cement industry in Africa, and unstructured interview of key players in the industrialization project, the article examines the place of rent-seeking in Africa’s industrial growth. Rents is essential in developing economies to spur the development of infant industries; thus, the implementation of ‘conditional’ rents- friendly policy remains the answer towards achieving industrial growth and development in Africa.
Topic:
Corruption, Development, Economic Growth, Industrialization, and Industry
Political Geography:
Africa

33. China's Global Power and Development: The Made in China 2025 Policy

Author:
Diego Pautasso
Publication Date:
08-2019
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
The purpose of this article is to analyze the relationship between development and global power of China. And, more specifically, how the Made in China 2025 policy is designed to deepen China’s development by driving strategic sectors of smart manufacturing and other innovations. To do so, it needs to understand how China has taken advantage of systemic changes since the 1970s to unleash a cycle of comprehensive reforms mobilizing industrial, commercial and technological (ICT) policies. That is, without state emulation there is no economic complexity or expansion of the country’s presence in the world. The proposed argument is that the interweaving between the internal and international dimensions compose the key of the rise of the powers - imperative underestimated by the narratives of liberal globalization - whose epicenter remains the national development.
Topic:
Development, Globalization, Science and Technology, Hegemony, Manufacturing, and Industrialization
Political Geography:
China and Asia

34. Behind the Myth of the National Bourgeoisie: A Comparative Analysis of the Developmentalist State in Brazil and South Korea

Author:
Pedro Brites and Bruna Coelho Jaeger
Publication Date:
08-2019
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
Since the 1990s, many analysts have sought to explain the differences in development paths between Brazil and South Korea, the latter often being pointed as an example of success. As a highly industrialized economy focused on international trade, the South Korean case stood out as a way of overcoming the backwardness of developing countries. However, there is a need for analysis that point to the specificities of the developmental state in South Korea, whose interventionist action was decisive in leveraging the country’s industrial production in accordance with internal business groups, as well as the geopolitical context favorable to outward-oriented industrialization. The Brazilian process, in turn, due to the wealth of natural resources and the large domestic market, has made the induction of the state in industrialization more artificial, whose policy supposes an element of coercion, induction and control. This research, therefore, seeks to analyze the specific dimensions of each case, highlighting the role of the state and its relationship with the internal bourgeoisie in the construction of an industrial policy. The trajectories of rise and decline of Brazilian and South Korean developmental state will be analyzed, including the current crisis of reconfiguration of political power that both countries are going through.
Topic:
Development, Science and Technology, Governance, and Industrialization
Political Geography:
Asia, South Korea, Brazil, and South America

35. Harnessing the Demographic Dividend to Fast-Track Industrialisation: A Case in the ICT sector

Author:
Tengetile G. Hlophe and Thula Dlamini
Publication Date:
01-2019
Content Type:
Working Paper
Institution:
Eswatini Economic Policy Analysis and Research Centre (ESEPARC)
Abstract:
Eswatini ranks very low in the Global Competitiveness Index (GCI). Conceivably, this draws from the fact that Eswatini is a consumer of goods and services produced from outside the economy. In this paper, we use data from the GCI, International Telecommunications Union (ITU), and Global Innovation Index (GII) to argue that Eswatini should focus its industrial policy towards the creation of tacit productive capacities amongst SMEs in the manufacturing sector to drive large-scale industrialisation. The paper shows that by doing this, Eswatini will position herself to be a leader in the manufacture of industrial goods in the region and in the long-term be able to attract foreign investors to the country. In particular, the study analyses panel data of 5 African countries to illustrate that manufacturing in the ICT sector could contribute to increased economic growth, particularly if targeted towards technologies that are in high demand among the youth- such as smartphones, laptops, and other similar gadgets. The paper juxtaposes its main treatise with Africa’s youth bulge and shows that with every 1% increase in the youth population there will be a 4.79% increase in the adoption and usage of ICTs by the youth. This suggests that there is an opportunity for the country to anchor its industrial policy on the production of those technologies that are in high demand amongst the youth. The key message in the paper is that building tacit knowledge and skills in the manufacturing of high technology products could reduce youth unemployment, attract foreign investments, and create opportunities for industrial development and industrialisation. The paper concludes with some considerations for industrial policy in Eswatini.
Topic:
Demographics, Development, Manufacturing, Industrialization, and Industry
Political Geography:
Africa and Eswatini

36. Changes in Production Regimes and Challenges to Collective Bargaining: A study of the Gurgaon Industrial Belt

Author:
Amit and Nayanjyoti
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Centre for Sustainable Employment, Azim Premji University
Abstract:
This study focuses on the Gurgaon-Manesar-Dharuhera-Bawal-Tapukara-Neemrana industrial belt in Haryana and Rajasthan, which is an important ‘node’ or part of Delhi-Mumbai Industrial Corridor (DMIC) and a major destination of capital in the last few decades. The study is based on primary survey work of qualitative nature of over 6 months from September 2017 to March 2018. Primary respondents are workers of different segments, plant-level Trade Union leaders and Trade Union activists of the belt, with some inputs from secondary literature, workers magazine and data published by the companies and the government. The attempt to integrate Indian economy with global production networks (GPNs) in the postliberalization period seems partially successful here in this belt, particularly in capital and technologyintensive automobile sector, labour-intensive garment sector and service sector like IT/ITES. But along with industrial growth, this development story has its own underbelly – labour – with crises of jobs, poor working conditions, informalization of regular work, capital-labour conflicts (sometimes of irreconcilable nature) and dismantling of collective bargaining mechanism, pro-capital mediating institutions and labour law enforcement processes. For our study, our main focus has been the auto-belt, which incidentally has also been a prominent centre of most militant labour unrests of our country in last two decades. This study looks into the transformation of production and labour regime and the consequent challenges before the collective bargaining mechanism and institutions to explain the worsening employment conditions despite growth, and the root of industrial conflicts.
Topic:
Economics, Labor Issues, Employment, Unions, and Industrialization
Political Geography:
India

37. The Fourth Industrial Revolution’s Impact on Smaller Militaries: Boon or Bane?

Author:
Nah Liang Tuang
Publication Date:
11-2018
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Even as smaller and less well funded armed forces are still grappling with incorporating computerisation into personnel, supply and other military functions for increased efficiency or effectiveness, this hallmark of the Third Industrial Revolution is already being eclipsed by developments from the dawn of the Fourth Industrial Revolution. Developments like artificial intelligence, autonomous drones, three-dimensional printing and genetic engineering will deeply affect the profession of arms, with armed services from smaller or poorer nations being no exception. Without the deep pockets needed to fully exploit all these cutting-edge developments, small and mid- sized militaries will still have to adapt as best as they can to the changing winds of the Fourth Industrial Revolution while attempting to mitigate any harmful after effects. The industrial and technological impacts of this revolution on the human resource, intelligence, logistics and operational functions of smaller armed forces will be examined and their implications analysed. Accordingly, the overall military influence of the Fourth Industrial Revolution can be assessed and appropriate operational and policy-based advice for smaller armed services suggested.
Topic:
Intelligence, Military Strategy, Armed Forces, and Industrialization
Political Geography:
Global Focus

38. A National Machine Intelligence Strategy for the United States

Author:
William A Carter and William Crumpler
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Machine Intelligence (MI) is poised to create profound changes to our lives, jobs, and economy. In breadth and scale of impact, MI will rival or exceed past technological revolutions while potentially altering centers of economic power and regional and global influence. Many countries are already making significant policy decisions to prepare for the impact of MI and are investing in MI research and development to outpace allies and competitors across economic and national security dimensions. If the United States wants to avoid being left behind in the “MI Revolution” we need to develop a coordinated national strategy that covers research and development, industrial specialization, and the social impacts of these technologies. This report offers a framework for determining which guiding principles should shape U.S. policy in response to the growth of MI applications in defense, education, health care, and the economy. The authors offer recommendations for how the United States can maintain a competitive advantage in MI and navigate the risks and challenges associated with it.
Topic:
Intelligence, Science and Technology, Artificial Intelligence, and Industrialization
Political Geography:
United States and North America

39. Building Capacity for Domestic Resource Mobilization: The Role of the Government

Publication Date:
10-2016
Content Type:
Policy Brief
Institution:
The African Capacity Building Foundation (ACBF)
Abstract:
Africa adopted an industrialization strategy, and committed to implement Agenda 2063 and Sustainable Development Goals (SDGs), all of which require adequate funding. Given that no African country fully achieved all the Millennium Development Goals (MDGs) largely due to funding constraints, domestic resource mobilization is therefore a very critical issue. Domestic resource mobilization is defined as the generation of savings from domestic resources and their allocation to economically and socially productive investments as well as accounting for such allocation. Africa has the capacity to adequately fund its development programmes from its own pool of resources (The Africa Capacity Report, 2015). Thus African governments are responsible for ensuring that national and continental development programmes are fully implemented, hence should mobilize sufficient resources to fund them. The public sector achieves this mandate through taxation and other forms of public revenue generation. In ensuring sustainable mobilization of domestic resources including curbing of illicit financial flows1, accountable governments are necessary.
Topic:
Development, Government, Public Sector, Capacity, and Industrialization
Political Geography:
Africa

40. Bondage: Labor and Rights in Eurasia from the Sixteenth to the Early Twentieth Centuries

Author:
Alessandro Stanziani
Publication Date:
11-2015
Content Type:
Book
Institution:
Berghahn Books
Abstract:
For the first time, this book provides the global history of labor in Central Eurasia, Russia, Europe, and the Indian Ocean between the sixteenth and the twentieth centuries. It contests common views on free and unfree labor, and compares the latter to many Western countries where wage conditions resembled those of domestic servants. This gave rise to extreme forms of dependency in the colonies, not only under slavery, but also afterwards in form of indentured labor in the Indian Ocean and obligatory labor in Africa. Stanziani shows that unfree labor and forms of economic coercion were perfectly compatible with market development and capitalism, proven by the consistent economic growth that took place all over Eurasia between the seventeenth and the nineteenth centuries. This growth was labor intensive: commercial expansion, transformations in agriculture, and the first industrial revolution required more labor, not less. Finally, Stanziani demonstrates that this world did not collapse after the French Revolution or the British industrial revolution, as is commonly assumed, but instead between 1870 and 1914, with the second industrial revolution and the rise of the welfare state.
Topic:
Human Rights, Labor Issues, Capitalism, and Industrialization
Political Geography:
Russia, Europe, Eurasia, and Indian Ocean