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

Author

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  • McMillan, Margaret S.
  • Rodrik, Dani
  • Sepúlveda, Claudia

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.

Suggested Citation

  • McMillan, Margaret S. & Rodrik, Dani & Sepúlveda, Claudia, 2017. "Structural change, fundamentals, and growth: A framework and case studies: Synopsis," IFPRI synopses 978-0-89629-978-8, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:synops:9780896299788
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    Cited by:

    1. Shahid Yusuf, 2017. "Middle-income countries: trapped or merely slowing?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 31(2), pages 19-29, November.
    2. Matthieu Charpe, 2023. "Convergence heterogeneity at the local level in sub‐Saharan Africa," Papers in Regional Science, Wiley Blackwell, vol. 102(2), pages 273-305, April.
    3. Lebrand,Mathilde Sylvie Maria, 2022. "Infrastructure and Structural Change in the Lake Chad Region," Policy Research Working Paper Series 9899, The World Bank.
    4. Kunling Zhang, 2023. "Can the Belt and Road Initiative Promote the Industrialization of Developing Countries?," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(2), pages 215-233, May.
    5. Matthew Fisher-Post, 2020. "Examining the Great Leveling: New Evidence on Midcentury American Inequality," PSE Working Papers hal-02876981, HAL.
    6. Zuzana Zavarská, 2022. "Global Value Chains in the Post-pandemic World: How can the Western Balkans Foster the Potential of Nearshoring?," wiiw Policy Notes 58, The Vienna Institute for International Economic Studies, wiiw.
    7. Paula Bustos & Juan Manuel Castro Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Structural Transformation, Industrial Specialization, and Endogenous Growth," Working Papers wp2019_1906, CEMFI.
    8. Igor Kavetskyy, 2023. "Spatial Variation of Employment Growth in Poland in 2005-2021," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 433-449.
    9. Ponticelli, Jacopo & Bustos, Paula & Castro-Vincenzi, Juan & Monras, Joan, 2018. "Industrialization without Innovation," CEPR Discussion Papers 13379, C.E.P.R. Discussion Papers.
    10. Bertrand Candelon & Alina Carare & Jean-Baptiste Hasse & Jing Lu, 2020. "The post-crises output growth effects in a globalized economy," International Economics, CEPII research center, issue 161, pages 139-158.
    11. Francisco José CALDERÓN VÁZQUEZ & Vikesh CHANDNANI SUKHWANI & Pablo PODADERA RIVERA, 2020. "Brexit and the Anglosphere: an intra-industry trade opportunity for India? Abstract: The present paper outlines a functionalist approach to the complex “Brexit” phenomenon, exploring those opportuniti," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11, pages 186-210, June.
    12. Kristin Brandl & Elizabeth Moore & Camille Meyer & Jonathan Doh, 2022. "The impact of multinational enterprises on community informal institutions and rural poverty," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1133-1152, August.
    13. Kunling Zhang, 2021. "Economic Structural Transformation in Emerging Market Countries," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 13(2), pages 216-238, May.
    14. Simola, Heli, 2021. "Long-term challenges to Russian economic policy," BOFIT Policy Briefs 11/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    15. Husam Arman & Simona Iammarino & J Eduardo Ibarra-Olivo & Neil Lee, 2022. "Systems of innovation, diversification, and the R&D trap: A case study of Kuwait [Building Technological Capability in the Less Developed Countries: The Role of a National System of Innovation]," Science and Public Policy, Oxford University Press, vol. 49(2), pages 179-190.
    16. Avdiu,Besart & Bagavathinathan,Karan Singh & Chaurey,Ritam & Nayyar,Gaurav, 2022. "India's Services Sector Growth : The Impact of Services Trade on Non-tradable Services," Policy Research Working Paper Series 10094, The World Bank.
    17. Resnick, Danielle & Sivasubramanian, Bhavna & Idiong, Idiong Christopher & Ojo, Michael Akindele & Tanko, Likita, 2018. "The enabling environment for informal food traders in Nigeria’s secondary cities," NSSP working papers 59, International Food Policy Research Institute (IFPRI).
    18. S. Mahendra Dev, 2018. "Labour Market Inequalities in India: Dimensions and Policies," Indian Journal of Human Development, , vol. 12(2), pages 217-235, August.
    19. Charles Shaaba Saba & Nicholas Ngepah, 2020. "Empirical Analysis of Military Expenditure and Industrialisation Nexus: A Regional Approach for Africa," International Economic Journal, Taylor & Francis Journals, vol. 34(1), pages 58-84, January.
    20. Saba, Charles S., 2023. "Investigation of Telecommunication Infrastructures-Industrialisation-Growth Nexus: Evidence from Disaggregated Panel Data Analysis," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 76(2), pages 209-264.
    21. Herrera Dappe,Matias & Lebrand,Mathilde Sylvie Maria, 2021. "Infrastructure and Structural Change in the Horn of Africa," Policy Research Working Paper Series 9870, The World Bank.
    22. Alexandre, Fernando & Bação, Pedro & Veiga, Francisco José, 2022. "The political economy of productivity growth," European Journal of Political Economy, Elsevier, vol. 75(C).
    23. Yismaw Ayelign & Lakhwinder Singh, 2019. "Comparison of Recent Developments in Productivity Estimation: Application on Ethiopian Manufacturing Sector," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 20-31, September.
    24. Lyubimov, I. & Iakubovskii, I., 2020. "Economic and educational complexity in the Russian regions: Should they go hand in hand with each other?," Journal of the New Economic Association, New Economic Association, vol. 46(2), pages 187-197.
    25. Appiah, Michael & Karim, Sitara & Naeem, Muhammad Abubakr & Lucey, Brian M., 2022. "Do institutional affiliation affect the renewable energy-growth nexus in the Sub-Saharan Africa: Evidence from a multi-quantitative approach," Renewable Energy, Elsevier, vol. 191(C), pages 785-795.

    More about this item

    Keywords

    structural change; economic development; economic growth; trade liberalization; productivity; trade policies; education; health; institutions;
    All these keywords.

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