The Bangladesh economy has undergone significant structural changes over the last four decades. The share of agriculture in GDP has declined, while the significance of industry and service sectors has increased. These structural changes have been...
Between 1981 and 2017, real gross domestic product in Thailand grew at an average annual rate of 5.7 per cent. Agricultural output grew more slowly than industry or services, and its gross domestic product share consequently declined. Industry’s...
This paper evaluates structural change, inequality dynamics, and industrial policy in South Africa between 1960 and the present day. We find that South Africa experienced growth-enhancing structural transformation until the early 1970s, before...
Through rapid urbanization, Brazil—previously a country where most workers were in the agricultural sector—went through a strong process of structural transformation that lasted almost four decades until economic liberalization at the beginning of...
Like many developing countries, Mozambique is struggling with problems of poverty, inequality, low productivity, unemployment, and low institutional...
The developer’s dilemma is thus: developing countries seek inclusive economic development — i.e., structural transformation — sufficiently broad-based to raise the income of the poor. Inclusive economic growth requires falling income inequality to...
Part of Book The Developer’s Dilemma
Part of Book The Developer’s Dilemma
Part of Book The Developer’s Dilemma
Part of Book The Developer’s Dilemma
Success in development over the past half-century was based on manufacturing-led export growth. Because the share of global employment in manufacturing will decline, manufacturing won’t play the same role in the coming decades. An increase in...
Mozambique is still an agriculture-based economy. Huge offshore gas fields have been discovered in the country and plans for gas projects are in the...
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