Structural change, fundamentals, and growth: A framework and case studies: Synopsis

Margaret McMillan, Dani Rodrik and Claudia Sepúlveda

IFPRI synopses from International Food Policy Research Institute (IFPRI)

Abstract: Can developing countries use industrialization, as the East Asian; economies did, to try to catch up with the high-income countries? Structural Change, Fundamentals, and Growth says the answer is likely to be “no.†Rather, they will need to chart a new path to economic convergence that relies less on moving from low-productivity agriculture to higher-productivity manufacturing, and more on investing in health, education, and institutions although the process will take longer this way.

Keywords: structural change; economic development; economic growth; trade liberalization; productivity; trade policies; education; health; institutions, (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-sea and nep-tid
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