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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. Lebrand,Mathilde Sylvie Maria, 2022. "Infrastructure and Structural Change in the Lake Chad Region," Policy Research Working Paper Series 9899, The World Bank.
    3. Matthew Fisher-Post, 2020. "Examining the Great Leveling: New Evidence on Midcentury American Inequality," PSE Working Papers hal-02876981, HAL.
    4. 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.
    5. Paula Bustos & Juan Manuel Castro Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Structural Transformation, Industrial Specialization, and Endogenous Growth," Working Papers wp2019_1906, CEMFI.
    6. 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.
    7. 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.
    8. 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.
    9. 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).
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. Ponticelli, Jacopo & Bustos, Paula & Castro-Vincenzi, Juan & Monras, Joan, 2018. "Industrialization without Innovation," CEPR Discussion Papers 13379, C.E.P.R. Discussion Papers.
    18. 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.
    19. Simola, Heli, 2021. "Long-term challenges to Russian economic policy," BOFIT Policy Briefs 11/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    20. 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.
    21. 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.
    22. S. Mahendra Dev, 2018. "Labour Market Inequalities in India: Dimensions and Policies," Indian Journal of Human Development, , vol. 12(2), pages 217-235, August.
    23. 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.
    24. Alexandre, Fernando & Bação, Pedro & Veiga, Francisco José, 2022. "The political economy of productivity growth," European Journal of Political Economy, Elsevier, vol. 75(C).
    25. 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.

    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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