New Structural Economics: A Framework for Rethinking Development ePub (Adobe DRM) download by Justin Yifu Lin

New Structural Economics: A Framework for Rethinking Development

World Bank Publications
Publication date: January 2012
ISBN: 9780821389577
Digital Book format: ePub (Adobe DRM)

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Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy. The market is the basic mechanism for effective resource allocation at each level of development. However, economic development as a dynamic process entails structural changes, including industrial upgrading and diversification and corresponding improvements in hard and soft infrastructure. Such upgrading and improvements require coordination and go hand in hand with large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating structural changes. The book provides empirical evidence in support of this framework as well as concrete advice to development practitioners.
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New Structural Economics: A Framework for Rethinking Development ePub (Adobe DRM) download by Justin Yifu Lin
World Bank Publications, January 2012
ISBN: 9780821389577
EAN:  9780821389577
ePub (Adobe DRM)
List Price: $29.99 eBook price: $27.99
New Structural Economics: A Framework for Rethinking Development and Policy PDF (Adobe DRM) download by Justin Yifu Lin
World Bank Publications, January 2012
ISBN: 9780821389577
EAN:  2370004213873
PDF (Adobe DRM)
List Price: $29.99 eBook price: $27.99
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