Challenges Relating Sustainable Structural Transformation

Oana Iuliana Rujoiu ()
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Oana Iuliana Rujoiu: The Bucharest University of Economics Studies

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 1, 419-425

Abstract: For the past fifteen years, export diversification and sophistication emerged as the indicators for measuring and qualifying structural transformation. While the economics development pioneers describe the transformations of the productive structure, contemporary work focuses on exports. Such an approach, in the current context of global fragmentation of production, is problematic. Concerning the current global production fragmentation, such an approach is questionable. There has been a shift from "trade-in goods" towards the exchanges of tasks known as "trade-in tasks." In task swaps, the link between the technology content of exports and production activities is broken. The article is proposins to detail the new challenges implied by the global context and revise the operational definition of productive transformation so that the latter is considered. Then it defines a "sustainable" structural transformation resulting from profound changes in the economy and leading to a virtuous transformation circle.

Keywords: exports; transformation; sustainable; macroeconomics (search for similar items in EconPapers)
JEL-codes: F12 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:419-425

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