Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm

31 Pages Posted: 11 May 2017

See all articles by Chang Woon Nam

Chang Woon Nam

CESifo (Center for Economic Studies and Ifo Institute); Ifo Institute, Germany; University of Applied Management (UAM)

Sumin Nam

London School of Economics & Political Science (LSE)

Peter Steinhoff

University of Applied Management (UAM)

Date Written: April 10, 2017

Abstract

The on-going ‘Make in India’ campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step’ changes in a country’s specialisation pattern and global competitiveness accompanied by economic growth. Unlikely, ‘Make in India’ comprises heterogeneous measures ‘simultaneously’ supporting industries in different development stages from labour and capital-intensive to high-tech industries and modern services. Moreover issues like world-market uncertainty discouraging export activities; poverty-reduction-oriented labour-industry promotion vs. overall productivity increase; and complementary role of IT services for industrial modernisation and growth, will shape the success of India’s diversified industrial policy.

Keywords: development stage theory, flying-geese paradigm, industrial growth and specialisation, Make in India, East Asia, international comparison

JEL Classification: O100, O400, O500, L600

Suggested Citation

Nam, Chang Woon and Nam, Sumin and Steinhoff, Peter, Modi's 'Make in India' Industrial Reform Policy and East Asian Flying-Geese Paradigm (April 10, 2017). CESifo Working Paper Series No. 6431, Available at SSRN: https://ssrn.com/abstract=2965974

Chang Woon Nam (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Ifo Institute, Germany

Munich
Germany

University of Applied Management (UAM) ( email )

Am Bahnhof 2
Erding, 85435
Germany

Sumin Nam

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Peter Steinhoff

University of Applied Management (UAM) ( email )

Am Bahnhof 2
Erding, 85435
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
139
Abstract Views
1,110
rank
257,842
PlumX Metrics