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New Structural Economics: A Framework for Rethinking Development

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  • Justin Yifu Lin

Abstract

As strategies for achieving sustainable growth in developing countries are re-examined in light of the financial crisis, it is critical to take into account structural change and its corollary, industrial upgrading. Economic literature has devoted a great deal of attention to the analysis of technological innovation, but not enough to these equally important issues. The new structural economics outlined in this paper suggests a framework to complement previous approaches in the search for sustainable growth strategies. It takes the following into consideration. Copyright 2011, Oxford University Press.

Suggested Citation

  • Justin Yifu Lin, 2011. "New Structural Economics: A Framework for Rethinking Development," The World Bank Research Observer, World Bank, vol. 26(2), pages 193-221, August.
    • Handle: RePEc:oup:wbrobs:v:26:y:2011:i:2:p:193-221
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    File URL: http://hdl.handle.net/10.1093/wbro/lkr007
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