1/Might as well explain the references in my "We make shirts" thread!
2/That first tweet was about how India has tried to do a bunch of unorthodox development policy, while Bangladesh has done the traditional thing of promoting labor-intensive manufacturing in a traditional simple export industry (garments).
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3/The second tweet is about how Pakistan has ignored development and focused on military greatness even as its people suffer (even though it has also failed at military greatness).
4/Ultimately, political instability and an unwillingness to invest for the future are keeping Pakistan poor.
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5/This tweet was about how successful countries often move from the garment industry to electronics assembly, which is also labor-intensive and exportable, but which offers more opportunities for climbing the value chain.
6/Vietnam is used as the example here because they've recently done very well at this. They're basically an example for what Bangladesh should do next.
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7/This tweet is about how Indonesia shifted from a manufacturing-based development model toward a resource-based one after 1997.
8/Now a big question is whether Indonesia can shift back to manufacturing.
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9/This tweet is about how ethnic hatreds and divisions can derail a country's economic development.
10/This is a reference to how Malaysia failed to build a domestic auto industry (as described in "How Asia Works"), and how Poland simply made cars for Germany's auto industry instead.
11/Eventually, both those countries did quite well.
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12/This tweet is just about how bad the Resource Curse is. Using Nigeria as an example.
13/This tweet was perhaps an unfair swipe at Brazil and the Philippines...
14/In fact, Philippines has been achieving solid growth lately!
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noahpinion.substack.com
15/This tweet was to remind people that the social costs of accelerating development can be substantial.
16/This tweet was a reference to Ha-Joon Chang, who rightfully excoriates the U.S. for advocating pure market liberalization in the 90s instead of the industrial policy that the U.S. itself pursued when it was poor.
17/This tweet is about the unhelpfulness of the degrowthers, many of whom seem to come from the UK...
18/This tweet is about how Japan basically forgot how to do industrial policy after 1990, even though it has been successful with cultural exports like anime.
19/If you want to read more about Japan's industrial policy, read these two books:
1. amazon.com
2. amazon.com
1. amazon.com
2. amazon.com
20/Oh, and if you want to read Ha-Joon Chang, pretty much any book will do, but this is probably the best:
amazon.com
amazon.com
21/Anyway, this tweet was a preview of my next series of development posts -- about examples of countries that have overcome the Resource Curse. (Botswana being a prime example.)
22/And of course this is just another reference to "How Asia Works", which argues that South Korea's industrial policy reigns supreme.
23/If you haven't read How Asia Works, you definitely should. Maybe my favorite nonfiction book of all time.
amazon.com
amazon.com
24/Anyway, this somewhat silly thread inspired me to do a whole 1.5-year-long series of posts about developing countries' efforts to industrialize. The whole series is listed here!
(end)
noahpinion.substack.com
(end)
noahpinion.substack.com
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