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New Perspectives on Structural Change – Causes and Consequences of Structural Change in the Global Economy - Oxford Scholarship Online
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New Perspectives on Structural Change: Causes and Consequences of Structural Change in the Global Economy

Ludovico Alcorta, Neil Foster-McGregor, Bart Verspagen, and Adam Szirmai


This edited volume provides a comprehensive overview of the major debates on the role of structural change in economic development. The book begins by recounting the intellectual history of the notion of structural change, providing a critical overview of the arguments that link structural change to growth and development, before outlining the main historical trends in structural change and structural transformation to build an empirical base for the assessment and analysis of structural change. This analysis lays the foundation for an analysis of the drivers and determinants of structural cha ... More

Keywords: structural change, economic growth, engines of growth, poverty, linkages

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780198850113
Published to Oxford Scholarship Online: April 2021 DOI:10.1093/oso/9780198850113.001.0001


Affiliations are at time of print publication.

Ludovico Alcorta, editor
Professorial Fellow on Technology, Innovation and Sustainable Development, UNU-MERIT; School of Business and Economics, University of Maastricht; Chief Technical Advisor on Industrial Strategy, Government of Oman; UNIDO

Neil Foster-McGregor, editor
Professor of Innovation and Globalisation, UNU-MERIT, Maastricht University

Bart Verspagen, editor
Professor of Macroeconomics of Technological Change, UNU-MERIT, Maastricht University

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1 Introduction

†Adam Szirmai and Neil Foster-McGregor

Part I Theoretical Contributions

2 Structuralist Contributions to Development Thinking

Nicola Cantore and Ludovico Alcorta

5 Structural Change and the Role of Demand

Ricardo Azevedo Araujo and Joanilio Rodolpho Teixeira

6 Investment, Profitability, and Structural Change

John Weiss and Hossein Jalilian

Part II Empirical Trends

11 Structural Change as a Modernization Process

Alejandro Lavopa and †Adam Szirmai

12 Sectoral Dynamics

Nobuya Haraguchi and Jürgen Amann

13 The Rise of the Service Sector in the Global Economy

Solomon Owusu, †Adam Szirmai, and Neil Foster-McGregor

15 Structural Change in Exports

Marcel P. Timmer and Stefan Pahl

Part III Drivers of Structural Change

16 Technical Progress and Structural Change

Alessandro Nuvolari and Emanuele Russo

17 Determinants of Industrial Development

Fiona Tregenna, Kevin Nell, and Chris Callaghan

18 Trade Liberalization, Structural Change, and Economic Growth

Michael Landesmann and Neil Foster-McGregor

20 Finance and Structural Change

Stephany Griffith-Jones and José Antonio Ocampo

21 FDI, Multinationals, and Structural Change in Developing Countries

André Pineli, Rajneesh Narula, and René Belderbos

22 Three Barriers to Structural Changes and Catch-up by the Latecomers

Keun Lee, Sanika Ramanayake, and Wonkyu Shin

Part IV Socio-economic Impacts of Structural Change and Policy Perspectives

24 Structural Change, Economic Development, and the Labour Market

Önder Nomaler, Bart Verspagen, and Adriaan van Zon

26 Structural Change and the Environment

Giovanni Marin and Massimiliano Mazzanti

28 The Political Economy of Structural Change

Ha-Joon Chang and Christopher Hope

End Matter