This chapter presents a discussion on the long-run income distribution and growth. Development economics began macro. If the whole economy changes structure during the course of development, then to understand the process one has to look at the economy as a whole. Increasing poverty and...

Economic structuralists use a broad, systemwide approach to understanding development, and this textbook assumes a structuralist perspective in its investigation of why a host of developing countries have failed to grow at 2 percent or more since 1960. Sensitive to the wide range of factors that...