Structural Change, Fundamentals, and Growth : A Framework and Case Studies

Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reduction in extreme poverty and a significant expansion of the middle class. But more recentl...

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Main Authors:	Mc Millan, Margaret, Rodrik, Dani, Sepulveda, Claudia
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	STRUCTURAL TRANSFORMATION PRODUCTIVITY GROWTH GROWTH PATTERN
Online Access:	http://documents.worldbank.org/curated/en/684381493210845244/Structural-change-fundamentals-and-growth-a-framework-and-case-studies http://hdl.handle.net/10986/26481

id	okr-10986-26481
recordtype	oai_dc
spelling	okr-10986-264812021-06-08T14:42:45Z Structural Change, Fundamentals, and Growth : A Framework and Case Studies Mc Millan, Margaret Rodrik, Dani Sepulveda, Claudia STRUCTURAL TRANSFORMATION PRODUCTIVITY GROWTH GROWTH PATTERN Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reduction in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic environment of lackluster global trade, not enough jobs coupled with skills mismatches, continued globalization and technological change, greater income inequality, unprecedented population aging in richer countries, and youth bulges in the poorer ones. This essay examines how seven key countries fared from 1990-2010 in their development quest. The sample includes Brazil, India, Vietnam and four African countries -- Botswana, Ghana, Nigeria, and Zambia -- all of which experienced rapid growth in recent years, but for different reasons. The patterns of growth are analyzed in each of these countries using a unifying framework that draws a distinction between the "structural transformation" and "fundamentals" challenges in growth. Out of the seven countries, the traditional path to rapid growth of export oriented industrialization only played a significant role in Vietnam. 2017-04-27T17:10:35Z 2017-04-27T17:10:35Z 2017-04 Working Paper http://documents.worldbank.org/curated/en/684381493210845244/Structural-change-fundamentals-and-growth-a-framework-and-case-studies http://hdl.handle.net/10986/26481 English en_US Policy Research Working Paper;No. 8041 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa East Asia and Pacific Latin America & Caribbean South Asia Botswana Brazil Ghana India Nigeria Vietnam Zambia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	STRUCTURAL TRANSFORMATION PRODUCTIVITY GROWTH GROWTH PATTERN
spellingShingle	STRUCTURAL TRANSFORMATION PRODUCTIVITY GROWTH GROWTH PATTERN Mc Millan, Margaret Rodrik, Dani Sepulveda, Claudia Structural Change, Fundamentals, and Growth : A Framework and Case Studies
geographic_facet	Africa East Asia and Pacific Latin America & Caribbean South Asia Botswana Brazil Ghana India Nigeria Vietnam Zambia
relation	Policy Research Working Paper;No. 8041
description	Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reduction in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic environment of lackluster global trade, not enough jobs coupled with skills mismatches, continued globalization and technological change, greater income inequality, unprecedented population aging in richer countries, and youth bulges in the poorer ones. This essay examines how seven key countries fared from 1990-2010 in their development quest. The sample includes Brazil, India, Vietnam and four African countries -- Botswana, Ghana, Nigeria, and Zambia -- all of which experienced rapid growth in recent years, but for different reasons. The patterns of growth are analyzed in each of these countries using a unifying framework that draws a distinction between the "structural transformation" and "fundamentals" challenges in growth. Out of the seven countries, the traditional path to rapid growth of export oriented industrialization only played a significant role in Vietnam.
format	Working Paper
author	Mc Millan, Margaret Rodrik, Dani Sepulveda, Claudia
author_facet	Mc Millan, Margaret Rodrik, Dani Sepulveda, Claudia
author_sort	Mc Millan, Margaret
title	Structural Change, Fundamentals, and Growth : A Framework and Case Studies
title_short	Structural Change, Fundamentals, and Growth : A Framework and Case Studies
title_full	Structural Change, Fundamentals, and Growth : A Framework and Case Studies
title_fullStr	Structural Change, Fundamentals, and Growth : A Framework and Case Studies
title_full_unstemmed	Structural Change, Fundamentals, and Growth : A Framework and Case Studies
title_sort	structural change, fundamentals, and growth : a framework and case studies
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/684381493210845244/Structural-change-fundamentals-and-growth-a-framework-and-case-studies http://hdl.handle.net/10986/26481
_version_	1764462090868752384

Structural Change, Fundamentals, and Growth : A Framework and Case Studies

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