New Structural Economics: A Framework for Rethinking Development

Justin Lin ()

The World Bank Research Observer, 2011, vol. 26, issue 2, 193-221

Abstract: As strategies for achieving sustainable growth in developing countries are re-examined in light of the financial crisis, it is critical to take into account structural change and its corollary, industrial upgrading. Economic literature has devoted a great deal of attention to the analysis of technological innovation, but not enough to these equally important issues. The new structural economics outlined in this paper suggests a framework to complement previous approaches in the search for sustainable growth strategies. It takes the following into consideration. Copyright 2011, Oxford University Press.

Date: 2011
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