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Challenges Relating Sustainable Structural Transformation

Author

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  • Oana Iuliana Rujoiu

    (The Bucharest University of Economics Studies)

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.

Suggested Citation

  • Oana Iuliana Rujoiu, 2021. "Challenges Relating Sustainable Structural Transformation," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 419-425, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:419-425
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    References listed on IDEAS

    as
    1. Persaud, Suresh Chand & Meade, Birgit Gisela Saager, 2009. "Trade and Development When Exports Lack Diversification: A Case Study From Malawi," Economic Research Report 55943, United States Department of Agriculture, Economic Research Service.
    2. Arnold McIntyre & Mike Xin Li & Ke Wang & Hanlei Yun, 2018. "Economic Benefits of Export Diversification in Small States," IMF Working Papers 2018/086, International Monetary Fund.
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    More about this item

    Keywords

    exports; transformation; sustainable; macroeconomics;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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