Structural change and economic growth
- Author: United Nations
- Main Title: World Economic and Social Survey 2006 , pp 29-51
- Publication Date: October 2006
- DOI: https://doi.org/10.18356/349abdbb-en
- Language: English
Ail essential insight of classical development economics was that economic growth is intrinsically linked to changes in the structure of production. According to this view, industrialization is the driver of technical change, and overall productivity increases are mainly the result of the reallocation of labour from low— to high-productivity activities. The present chapter investigates to what extent this view is still relevant today and thus how the degree and nature of structural change explain the diverging growth trends between developing countries.
© United Nations
ISBN (PDF):
9789211553826
Book DOI:
https://doi.org/10.18356/e7ccb0e0-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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