New Structural Economics: A Framework for Rethinking Development and Policy

Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied...
¥14,849 JPY
¥14,849 JPY
SKU: 9780821389553
Product Type: Books
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Author: Justin Yifu Lin
Format: Paperback
Language: English
Subtotal: ¥14,849
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New Structural Economics: A Framework for Rethinking Development and Policy by Lin, Justin Yifu

New Structural Economics: A Framework for Rethinking Development and Policy

¥14,849

New Structural Economics: A Framework for Rethinking Development and Policy

¥14,849
Author: Justin Yifu Lin
Format: Paperback
Language: English
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.

Author: Justin Yifu Lin
Publisher: World Bank Publications
Published: 01/06/2012
Pages: 384
Binding Type: Paperback
Weight: 1.13lbs
Size: 9.02h x 5.98w x 0.80d
ISBN: 9780821389553


Review Citation(s):
Reference and Research Bk News 04/01/2012 pg. 66
Choice 08/01/2012

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