Structural change is associated with high costs for the economy and the society ranging from environmental pollution to unemployment. We show that monotonous structural paths minimize the structural change costs in the three-sector framework (related to agriculture, manufacturing, and services),...

In recent years much attention has been given to the subject of delinking of developing countries from the world economy. John H. Adler gives an account of the arguments for delinking which is followed by an evaluation of these arguments and a discussion of the policy implications for industrial...

Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place has varied over time, many have agreed with Nicholas Kaldor that the kind of economic growth that leads to high real income per capita can only occur through industrialization....