India's Manufactured Exports: Comparative Structure and Prospects.

Journal article

The technological structure of export matters for their growth: learning and path dependence mean that structures are difficult to change as technologies evolve. Trade liberalization per se is insufficient. Countries need to upgrade domestic skill and technology and attract sophisticated foreign direct investment (FDI) to "dynamise" their export structures. A comparative analysis of Indian manufactured exports suggests that their structure and positioning are not suited to sustained growth. The base for rapid structural change--through FDI or domestic capabilities is weak. The current export slowdown in India reflects external conditions and may end soon: however, this does not assure rapid future growth.

Authors: Lall, S

• Journal: World Development
• Volume: 27
• Publication date: 1999-01-01
• ISSN: 0305-750X
• Language: English