Structural Change Servaas Storm

There has been a renewed interest in industrialization and structural change in the mainstream of development economics, which, however, doesn’t imply a rejection of the neoliberal approach to development; the default recommendation is still the market and static comparative advantage and the main task of governments is to impose institutional reforms and improve governance.

structural_change (Download the full text in PDF format)

(This article was originally published in Development and Change, by International Institute of social Studies, The Hague)