This chapter presents a discussion on the patterns of structural transformation during the transition from a low income, agrarian rural economy to an industrial urban economy with substantially higher per capita income. The chapter presents a review on the basic concepts of the empirical...

In a neglected work of 1964, Kuznets summarized some of the emerging results of his monumental work on Modern Economic Growth (MEG) and used them to speculate on diversity, interdependence, war, conflict, and cooperation among nations. It was an unusual Kuznets study ‐ speculative rather than...

The main characteristics of the economic growth of nations are a sustained increase in the growth of output and factor productivity and a widespread process of structural transformation. In this paper I contrast two of the few important authors that do not ignore structural change: Kuznets and...