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

Lin, Justin Yifu

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

Sinopsis

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.

"Sinopsis" puede pertenecer a otra edición de este libro.

Reseña del editor

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.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
World Bank Publications
Año de publicación
2012
Idioma
Inglés
ISBN 10 
0821389556
ISBN 13 
9780821389553
Encuadernación
Tapa blanda
Número de páginas
386
Contacto del fabricante
no disponible
Persona responsable
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