New Structural Economics: A Framework for Rethinking Development and Policy (World Bank Publications) - Softcover

Lin, Justin Yifu

 
9780821389553: New Structural Economics: A Framework for Rethinking Development and Policy (World Bank Publications)
Softcover
ISBN 10: 0821389556 ISBN 13: 9780821389553
Verlag: World Bank Publications, 2012

Inhaltsangabe

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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Verlag
World Bank Publications
Erscheinungsdatum
2012
Sprache
Englisch
ISBN 10 
0821389556
ISBN 13 
9780821389553
Einband
Taschenbuch
Anzahl der Seiten
371
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
preigu
mail@preigu.de

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