Towards a New Taxonomy of Manufacturing Countries

L. Paganetti (ed.), Capitalism, Global Change and Sustainable Development, Springer Proceedings in Business and Economics, Springer, Cham, 2020

31 Pages Posted: 6 Aug 2020

See all articles by Livio Romano

Livio Romano

Confindustria

Fabrizio Traù

Confederation of Italian Industries - Economic Research Department

Date Written: January 2020

Abstract

The scope of this paper is to propose a novel approach to the categorization of manufacturing development, aimed at accounting for the major global transformations that have occurred in the organisation of industrial activity in the last decades. It first addresses the way manufacturing development can be defined in order to provide a measure of the degree of industrialization of different countries, and then suggests a new taxonomy accordingly. Attention is paid to the fact that in the course of time countries can — and usually do — move from one group of manufacturers to another. Moreover, it is shown that cross-country differences in the degree of industrialization are also mirrored by differences in their institutional features. Results offer some important lessons for industrial policy.

Keywords: Industrial Development, Taxonomy, Institutions

JEL Classification: F63, O14, O25

Suggested Citation

Romano, Livio and Traù, Fabrizio, Towards a New Taxonomy of Manufacturing Countries (January 2020). L. Paganetti (ed.), Capitalism, Global Change and Sustainable Development, Springer Proceedings in Business and Economics, Springer, Cham, 2020, Available at SSRN: https://ssrn.com/abstract=3648049 or http://dx.doi.org/10.2139/ssrn.3648049

Livio Romano (Contact Author)

Confindustria ( email )

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Fabrizio Traù

Confederation of Italian Industries - Economic Research Department ( email )

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