Multimediale
lin, justin yifu
Washington DC : The World Bank, c2012
Abstract: The “New Structural Economics” presented in this book is an attempt to set out a wave of development thinking which, taking into account the lessons learned from the growth successes and failures of the last decades, advances a neoclassical approach to study the determinants and dynamics of economic structure. It postulates that the economic structure of an economy is endogenous to its factor endowment structure and that sustained economic development is driven by changes in factor end ...; [Read more...]
The “New Structural Economics” presented in this book is an attempt to set out a wave of development thinking which, taking into account the lessons learned from the growth successes and failures of the last decades, advances a neoclassical approach to study the determinants and dynamics of economic structure. It postulates that the economic structure of an economy is endogenous to its factor endowment structure and that sustained economic development is driven by changes in factor endowments and continuous technological innovation. The factor endowments in a country are given at any specific time and changeable over time. A country’s comparative advantages and thus its optimal industrial structure are determined by its factor endowments.
