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Still Blowin’ in the Wind: Industrial Policy, Distorted Prices, and Implicit Reciprocity

In: Getting Development Right

Author

Listed:
  • Mario Cimoli
  • Gabriel Porcile
  • Elisa Calza

Abstract

Structuralist and evolutionary theories agree on the fact that one of the main challenges of development is diffusing technological progress, so as to change the pattern of specialization by incorporating new sectors and reducing inter-sectoral disparities, raising productivity levels and improving income distribution; then, once external constraints are overcome, faster growth will allow for a decline in unemployment and underemployment in the subsistence sector.

Suggested Citation

  • Mario Cimoli & Gabriel Porcile & Elisa Calza, 2013. "Still Blowin’ in the Wind: Industrial Policy, Distorted Prices, and Implicit Reciprocity," Palgrave Macmillan Books, in: Eva Paus (ed.), Getting Development Right, chapter 0, pages 41-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33311-7_3
    DOI: 10.1057/9781137333117_3
    as

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