Structural change, fundamentals, and growth: A framework and case studies
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...
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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.
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Format: Kindle Edition
ASIN: B072LHBD9J
Publish date: 2017-05-10
Pages no: 542
Edition language: English
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