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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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    Keywords

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

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