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Focussing on the Global South, this book examines the emergent processes of stalled industrialization and the spectre of premature deindustrialization in middle-income developing countries. Through detailed analysis, Sumner challenges existing economic myths and outlines what deindustrialization means for the future of global development.

Focusing on the Global South, this book examines the emergent processes of stalled industrialisation and the spectre of premature deindustrialisation in middle-income developing countries. Through detailed analysis, Sumner challenges existing economic myths and outlines what deindustrialisation means for the future of global development.

Using Malaysia, Indonesia, and Thailand as examples, this text focuses on industrialization in South East Asia. These nations have all undergone a major transformation from being poor, agrarian countries to middle-income countries with a developed industrial and manufacturing base; Development and Distribution seeks to explain why and how.

Why are some people poor? Why does absolute poverty persist despite substantial economic growth? What types of late economic development or 'catch-up' capitalism are associated with different poverty outcomes? Global Poverty addresses these apparently simple questions and the extent to which the answers may be shifting. One might expect global poverty to be focused in the world's poorest countries, usually defined as low-income countries, or least developed countries, or 'fragile states'. However, most of the world's absolute poor by monetary or multi-dimensional poverty - up to a billion people - live in growing and largely stable middle-income countries. At the same time, poverty has not fallen as much as the substantial economic growth would warrant. As a consequence, and as domestic resources have grown, much of global poverty has become less about a lack of domestic resources and more about questions of national inequality, social policy and welfare regimes, and patterns of economic development pursued

"It is 2015. George Clooney is US President. Angelina Jolie is Vice President. Bob Geldof and Bono, respectively, Irish President and Prime Minister. China has just overtaken the US as the world's largest economy. India is not so far behind. Some of the UN poverty targets - the Millennium Development Goals (MDGs) were met. Some were not. Progress in Africa accelerated following large aid flows from new donors (such as China) but repayments are now looming. The other MDGs were missed though not as badly as expected. Climate change/chaos has intensified with many of the impacts felt in the South. Urbanization is accelerating. What next? The MDGs have played a major role in focusing policy since their original incarnation in the mid to late 1990s. What happens when we no longer have the MDGs - what will guide policy after 2015?" -- Publisher's description