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The Market and Structural Change

In: The Transition to Egalitarian Development

Author

Listed:
  • Keith Griffin
  • Jeffrey James

Abstract

In the previous chapter we argued in favour of the necessity for rapid structural change if the incidence of poverty and inequality in the Third World is to be reduced significantly within a reasonable period of time. Yet rapid structural change, almost by definition, implies major disruptions and dislocations to the normal functioning of the economic system. Indeed, it is widely assumed that a rapid move in the direction of equality will lead inevitably to the disorganization of production and marketing and hence to a decline in the total volume of goods and services available for distribution. These assumptions or beliefs, in fact, have long been the cornerstone of the argument of those opposed to redistributive measures.

Suggested Citation

  • Keith Griffin & Jeffrey James, 1981. "The Market and Structural Change," Palgrave Macmillan Books, in: The Transition to Egalitarian Development, chapter 2, pages 12-23, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05914-0_2
    DOI: 10.1007/978-1-349-05914-0_2
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