Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income...

In this chapter we explore the popular but controversial idea that developing countries benefit from abandoning policy neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs, subsidies, and tax breaks that imply...

Part 1: Microeconomic Environment -- Chapter 1: The Roles and Responsibilities of Local Government -- Chapter 2: Finance, Taxation and Government Behavior -- Chapter 3: Government Investment, Financing and Debt -- Chapter 4: Government and Industrialization -- Part 2: Macroeconomic Consequences...