This book proposes a new way to approach comparative international development by focusing on time and timing in economic and social development. The UK industrialized over two centuries, and then started to de-industrialize in the late 1960s. Today, the most rapid developers experience aspects of industrialization and de-industrialization simultaneously. It is no longer clear that industrialization offers the path of growth it once did; industrialization has become
'thin.' Demographic and social challenges that earlier developers faced sequentially now come at the same time. Rapid growers experience compression most acutely, but the spatial and temporal fusing
of past and present is widespread, affecting high-, middle-, and lower-income countries alike. Timing refers to the differences in historical periods in which development takes place. The geopolitical, institutional and technological environment for countries recently integrated into the global economy has been vastly different from that of the preceding postwar decades of 'embedded liberalism,' although it does contain echoes of the 'first globalization' and 'first
financialization' a century ago. The first era of liberalism did not end well, and the second is similarly foundering on the rocks of nationalism and protectionism, as it is being battered by a global
pandemic. The authors propose an interdisciplinary conceptual framework based on co-evolving state-market and organization-technology dyads, which will help readers make sense of contemporary development across multiple societies, sectors and geographies, and provide a template for historical comparison.
This book proposes a new way to approach comparative international development by focusing on time and timing in economic and social development. The UK industrialized over two centuries, and then started to de-industrialize in the late 1960s. Today, the most rapid developers experience aspects of industrialization and de-industrialization simultaneously. It is no longer clear that industrialization offers the path of growth it once did; industrialization has become
'thin.' Demographic and social challenges that earlier developers faced sequentially now come at the same time. Rapid growers experience compression most acutely, but the spatial and temporal fusing
of past and present is widespread, affecting high-, middle-, and lower-income countries alike. Timing refers to the differences in historical periods in which development takes place. The geopolitical, institutional and technological environment for countries recently integrated into the global economy has been vastly different from that of the preceding postwar decades of 'embedded liberalism,' although it does contain echoes of the 'first globalization' and 'first
financialization' a century ago. The first era of liberalism did not end well, and the second is similarly foundering on the rocks of nationalism and protectionism, as it is being battered by a global
pandemic. The authors propose an interdisciplinary conceptual framework based on co-evolving state-market and organization-technology dyads, which will help readers make sense of contemporary development across multiple societies, sectors and geographies, and provide a template for historical comparison.
Compressed Development, an Introduction
Part 1: Conceptualizing Compressed Development
1: Time Compression: From Stages To Simultaneity
2: Eras: States and Markets
3: Eras: Organizations and Technology
Part 2: Experiences of Compressed Development
4: China and Japan's Divergent Institutions
5: Varieties of Compressed Development
6: Employment, Skills, and Upgrading
7: Social Policy: Education as a New Frontier of Compression
Part 3: Navigating Compressed Development
8: The Adaptive (Developmental) State
9: Are We All Compressed Developers?
D. Hugh Whittaker is Professor in the Economy and Business of
Japan, and Fellow of St Antony's College, University of Oxford. His
research encompasses Japanese and comparative employment,
innovation and technology management, small firms and
entrepreneurship, and development. Timothy Sturgeon is Senior
Researcher at the Industrial Performance Center, MIT. His research
explores how evolving technologies and business models are altering
linkages between
industrialized and developing economies, with an emphasis on
offshoring and outsourcing practices in the electronics,
automotive, and services industries. Toshie Okita is Research and
Teaching Associate at the
Nissan Institute of Japanese Studies, University of Oxford. Her
research focuses on international and comparative education,
sociology of the family, socio-linguistics, youth transition, and
social policy. Tianbiao Zhu is Professor, Deputy Chair for the
Department of Sociology, and Executive Director for the Institute
for Advanced Study in Humanities and Social Sciences at Zhejiang
University. His research interests include international and
comparative politics, international and comparative
political economy, and the political economy of development.
"...the authors provide a compelling analysis of the ways in which
the crisis of Fordism and the rise of the 'network model' of
production is central to understand the industrial shaping of the
current era of development. The authors are careful in pointing out
how this crisis was not simply a crisis of competitiveness driven
by the 'Japanese model' of lean production; it was also a social
crisis for workers which undermined the social conditions for
innovation and productivity across Western Capitalism. In fact,
within Western firms, 'lean practices were often applied piecemeal.
Reduced in-process inventory and increased monitoring raising
productivity and quality were not coupled with employer commitment
to job security - required to motivate buy-in from workers - as it
was in Japan.
*Antonio Andreoni, Development and Change*
The book is an impressive piece of work on globalisation and
development that offers a framework for bringing the building major
blocks of political economy - states, markets, organisations, and
technology - into a mutually constitutive relationship rather than
in opposition, all the while accommodating for changes over time.
The integrative framework developed is ambitious, and much needed.
[The authors pave] the way for studying 'new' national development
strategies that are fitting of the 21st century.
*Nahee Kang, Journal of Contemporary Asia*
What I like about Compressed Development is its key argument
regarding the compressed development era. The argument is
convincing, carefully developed, and elucidates the changing
relationships between states and markets on the one hand, and
organization and technology on the other, across development eras.
I also like the way the authors raise and flag key policy
challenges for development practitioners. In attempting to
integrate several literatures from multiple domains, the book makes
a key contribution to development debates, and potentially
development practice. The integrative view of development is this
book's unique selling proposition.
*Sarosh Kuruvilla, Andrew J. Nathanson Family Professor, ILR
School, Cornell University, ILR Review*
Compressed Development assesses the dynamic interactions between
industrial policy, financialization, organisation, technological
innovation, employment and automation. It illuminates the tensions
between economic, social and environmental challenges, including
climate change, inequality and vulnerability. It provides an
analytical and empirical tour de force, which is essential reading
for all scholars and policy actors focused on contemporary
industrial and technological innovation, global value chains and
digital platforms. It comes at a pivotal time for assessing seismic
geo-political shifts, reflected in US-China trade and technological
conflicts, as well as nationalist campaigns for de-globalisation.
It provides an essential exploration of the diverse economic and
social counter forces that will influence post-Covid outcomes.
*Stephanie Barrientos, Professor of Global Development University
of Manchester*
Compressed development used to be seen as a special feature of some
exceptionally successful countries in late economic development.
This book, while not repudiating such views altogether,
convincingly leads us to realize that compressed development has
long been a generic mode of transformation embedded in the global
ecology of industrial, technological, financial, and demographic
relations. Even China's recent 'developmental miracle', among other
national cases, is forcefully reinterpreted in respect to the
opportunities, resources, and pressures from the specific world-era
in which developmental compression is as much a requirement as an
achievement.
*Chang Kyung-Sup, Professor of Sociology Seoul National
University*
Bold in its theoretical ambitions and panoramic in its empirical
scope,Compressed Development breaks new ground in its projections
of the global dynamics of development. Moving firmly beyond
encumbering old schemas, the authors project a vision of the
current global matrix of technological and organizational change,
mediated by states and markets, in which the evolution of sectors
and strategies is compressed, and China becomes the most telling
national case. Any scholar hoping to keep pace with the dizzying
world of the 21st century global political economy needs to start
by confronting the complexities set out in this book.
*Peter Evans, Professor Emeritus of Sociology University of
California, Berkeley and Senior Research Fellow, Watson Institute
for International Studies and Public Affairs*
The tide of globalization, which appeared to be an irresistible
force at the turn of the 21st century, splintered into a confusing
welter of economic, political and social scenarios in the
2010s.Compressed Development offers a framework that helps explain
why the dividing line between early and late developing economies
has become blurred, and why the rivalry between the United States
and China is likely to define the main features of the global
economy in the coming decades. While Compressed Development
provides no simple answers about the future of development, it
gives countries, companies, civil society organizations and
ordinary citizens essential tools needed to navigate the choices
and challenges ahead of us. A highly recommended book for
decision-makers, scholars and students.
*Gary Gereffi, Professor Emeritus of Sociology and Director, Center
on Global Value Chains Duke University*
The authors coin a new term — 'compressed development' — to shed
light on what's new and what's different in the development
experience after the 1990s: economic change is taking place both at
a much faster rate and in an international context that allows
states far less control. They explain why todays' developing
countries are facing challenges that are fundamentally different
from any in the past. This is a fascinating synthesis of the
technological, institutional, and ideological transformations of
our era.
*Dani Rodrik, Ford Foundation Professor of International Political
Economy John F. Kennedy School of Government Harvard
University*
Compressed Development is an eye-opener for those of us who study
capitalism, globalisation and development. Developing countries
have faced intense pressure to 'run faster to stand still', meaning
to make institutional changes faster and across a wider range of
institutions than the 'late developers' of the post-war decades.
The book compares Japan earlier and China more recently, with side
analyses of the United States and 'emerging Asia'; and draws in
debates about global value chains, the middle-income trap, the
developmental state, health and education, financialization, and
the digital economy. It concludes that progress in reducing the
enormous differences in living conditions across the world's
territories depends on navigating through the new dynamics of
'compressed development'.
*Robert H. Wade, Professor of Global Political Economy London
School of Economics and Political Science*
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