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This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional...
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This Element examines the process of economic development of the last 50 years or so under the neoliberal model in terms of impacts on growth, inflation, income and wealth distribution and structural change. The analysis includes a historical perspective from the 19th century to the present and...
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workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural … transformation that we see in the developing world. They address the theoretical, empirical and policy implications of the 'varieties … set out the stylized facts of structural transformation across the developing world. Secondly, they assess the classical …
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