Structural Transformation and Inclusive Growth

2018 ◽  
Author(s):  
Andy Sumner
Keyword(s):  
Economic Development ◽  
Structural Transformation ◽  
Inclusive Growth ◽  
Late Capitalism ◽  
Economy Model ◽  
Dual Economy ◽  
Heuristic Device ◽  
The Relationship

This chapter sets out some conceptual points of departure for the book in terms of structural transformation and inclusive growth. It revisits the Lewis model of economic development and proposes it as a heuristic device to connect structural transformation and inclusive growth. The chapter argues first, that both structural transformation and inclusive growth have tended to be defined in a reductionist sense, in a way that disconnects the two concepts. It is contended that this matters because the relationship between structural transformation and inclusive growth is embedded in—rather than separated from—the modality of late capitalism pursued. Second, that the work of pioneering development economist, W. Arthur Lewis and the Lewis dual economy model provides a useful heuristic device for thinking about the relationship between structural transformation and inclusive growth.

Structural Transformation

2019 ◽  
pp. 150-172
Author(s):  
Christian Ketels
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Structural Transformation ◽  
Industrial Composition ◽  
Speed Up ◽  
New Literature ◽  
The Relationship ◽  
New Structural Economics

This chapter examines the relationship between competitiveness and structural transformation. It first provides an overview of the similarities and complementarities that link the competitiveness approach with the new literature on structural transformation, along with the differences between them, before discussing the role of competitiveness in economic development. The focus is on competitiveness as defined by the productivity-based view, along with drivers of competitiveness, the goals and motivations for economic policy aimed at improving competitiveness, and the new structural economics that offers a novel set of recommendations for how economies can speed up the process of structural transformation. The chapter identifies an integrated view that captures both the role of competitiveness fundamentals and industrial composition in driving productivity and prosperity outcomes.

scholarly journals ECONOMY OF EQUAL OPPORTUNITIES: DREAM OR NECESSITY

2021 ◽  
Vol 6 (1) ◽  
pp. 6-14
Author(s):  
Iryna Berezhna ◽  
Olena Grishnova ◽  
Ekaterina Mikhurinskaia ◽  
Artem Berezhnoy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Environmental Sustainability ◽  
Systematic Approach ◽  
Satisfaction With Life ◽  
Radical Change ◽  
Inclusive Development ◽  
Inclusive Growth ◽  
Growth Development ◽  
The Relationship

The purpose of the paper is a systematic approach to both, the relationship between economic growth, development inclusiveness, competitiveness, and the formulation of social and economic policies in the context of inclusive development, becomes an important task. The article justifies the need for creating prerequisites for inclusive growth through a radical change in public and political governance systems. It is necessary to create an inclusive infrastructure that ensures equitable access to public goods: health, education, transportation, access to information, communication, justice, security, environmental sustainability. The relevance of the study of inclusive growth is due to the aggravation of problems associated with a decrease in the pace of economic development, social tensions in society, international conflicts, as well as consequences of the global cyclical crisis. The current economic crisis is structural and is associated with a change of technological paradigm, which involves the transformation of economic resources from the sphere of low productivity to the sphere of high productivity. The analytical base of the study is the country rankings by economic development, human development, quality and satisfaction with life, the level of openness of the society, which are represented by international organizations and agencies. Based on a systematic approach methodology, the relationship between economic growth, development inclusiveness and competitiveness has been identified, which has made it possible to justify the need to transform the model of economic development with regard to the role of the person in the sixth technological K-wave. The results of such a study will justify proposals in terms of an inclusive growth model that complexly reflects the relationships between production, circulation, consumption and accumulation, between income, expenditure and final demand, between savings and investment, etc. It has been proven that the goals of inclusive growth are achieved through a high level of civic identity, enhanced partnerships, interregional relationships and social integration.

scholarly journals Inequality, Living Standards and Growth: Two Centuries of Economic Development in Mexico

2020 ◽  
Author(s):  
Ingrid Bleynat ◽  
Amílcar Challú ◽  
Paul Segal
Keyword(s):  
Economic Development ◽  
Positive Relationship ◽  
Historical Data ◽  
Living Standards ◽  
Real Wages ◽  
Economy Model ◽  
Dual Economy ◽  
Working Paper ◽  
Models Of Development ◽  
Aggregate Growth

Historical wage and incomes data are informative both as normative measures of living standards, and as indicators of patterns of economic development. We show that, given limited historical data, median incomes are most appropriate for measuring welfare and inequality, while urban unskilled wages can be used to test dualist models of development. We present a new dataset including both series in Mexico from 1800 to 2015 and find that both have historically failed to keep up with aggregate growth: per worker GDP is now over eight times higher than in the nineteenth century, while unskilled urban real wages are only 2.2 times higher, and median incomes only 2.0 times. From the perspective of inequality and social welfare, our findings confirm that there is no automatic positive relationship between economic growth and rising living standards for the majority. From the perspective of development, we argue that these findings are consistent with a dual economy model incorporating Lewis’s assumption of a reserve army of labour, and explain why Kuznets’s predicted decline in inequality has not occurred. (Stone Center on Socio-Economic Inequality Working Paper)

Between Modernization and Stagnation: Economic Policy in 2012

2013 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Structural Transformation ◽  
Economic Performance ◽  
Historical Analysis ◽  
Oil Boom ◽  
The World

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on historical analysis of Russian economic performance since 1970-s when oil boom started. On this basis key challenges of economic policy in 2013 are discussed.

Structuralism as a Pamphlet (On the Book by E. Reinert “How Rich CountriesGot Rich... And Why Poor Countries Stay Poor”. 2nd ed.)

2014 ◽  
pp. 147-153
Author(s):  
P. Orekhovsky
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
Structural Analysis ◽  
Increasing Returns ◽  
The Other ◽  
Static Theory ◽  
Poor Countries ◽  
Historical School ◽  
Socio Economic Development ◽  
The Relationship

The review outlines the connection between E. Reinert’s book and the tradition of structural analysis. The latter allows for the heterogeneity of industries and sectors of the economy, as well as for the effects of increasing and decreasing returns. Unlike the static theory of international trade inherited from the Ricardian analysis of comparative advantage, this approach helps identify the relationship between trade, production, income and population growth. Reinert rehabilitates the “other canon” of economic theory associated with the mercantilist tradition, F. Liszt and the German historical school, as well as a reconside ration of A. Marshall’s analysis of increasing returns. Empirical illustrations given in the book reveal clear parallels with the path of Russian socio-economic development in the last twenty years.

Spatial socioeconomic development of cooperating regions: The Siberian Federal District case study

2020 ◽  
Vol 18 (7) ◽  
pp. 1266-1285
Author(s):  
Sn.P. Mongush
Keyword(s):  
Economic Development ◽  
Socioeconomic Development ◽  
Federal District ◽  
Conceptual Basis ◽  
Siberian Federal District ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Development Objectives ◽  
The Relationship

Subject. This article explores the various aspects of the concept of Spatial Development. Objectives. The article aims to develop a conceptual basis for the spatial socio-economic development of the collaborating regions. Methods. For the study, I used the methods of comparative and statistical analyses. Results. The article shows how cooperation between the subjects of the Russian Federation increases the potential of economically united regions. Conclusions. When preparing national strategic planning documents, it is necessary to take into account the specifics of regions, their capacity, available resources, and focus on the relationship between regions.

Choice Of Technique And The Volume Of Saving (A Re-Examination Of The Cobb-Douglas Model)

1968 ◽  
Vol 8 (4) ◽  
pp. 606-617
Author(s):  
Mohammad Anisur Rahman
Keyword(s):  
Economic Development ◽  
Production Function ◽  
Development Policy ◽  
Social Goals ◽  
The Other ◽  
Economic Development Policy ◽  
Labour Intensity ◽  
The One ◽  
Choice Of Technique ◽  
The Relationship

The purpose of this paper is to re-examine the relationship between the degree of aggregate labour-intensity and the aggregate volume of saving in an economy where a Cobb-6ouglas production function in its traditional form can be assumed to give a good approximation to reality. The relationship in ques¬tion has an obviously important bearing on economic development policy in the area of choice of labour intensity. To the extent that and in the range where an increase in labour intensity would adversely affect the volume of savings, a con¬flict arises between two important social objectives, i.e., higher rate of capital formation on the one hand and greater employment and distributive equity on the other. If relative resource endowments in the economy are such that such a "competitive" range of labour-intensity falls within the nation's attainable range of choice, development planners will have to arrive at a compromise between these two social goals.

Anti-Ideology of Entrepreneurship as an Attribute of Entrepreneurial Projects

2020 ◽  
Vol 26 (8) ◽  
pp. 830-839
Author(s):  
E. Ya. Litau
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Creative Destruction ◽  
Innovative Activity ◽  
Entrepreneurial Activity ◽  
Methodological Principle ◽  
Historical Period ◽  
Professional Literature ◽  
Efficient System ◽  
The Relationship

Aim. The presented study examines and develops theoretical and methodological foundations that make it possible to distinguish innovative entrepreneurship among other economic phenomena.Tasks. The author identifies the specific features of entrepreneurship and its qualitative differences from other types of economic activity aimed at obtaining benefits, specifies the relationship between creative destruction and economic development, determines the attributes of innovative entrepreneurship.Methods. This study uses systematic analysis of professional literature on entrepreneurship to highlight the main attributes of entrepreneurial activity. The methodology of dialectical contradiction in its original Hegelian interpretation plays an important role in elaborating and substantiating the definition of entrepreneurship. The author considers innovative activity as creation of new values, which, according to the logic of dialectical development, destroy the old ones, triggering the process of economic development.Results. An approach to understanding the phenomenon of entrepreneurship is proposed, making it possible to distinguish this type of activity as significantly different from other types of economic activity, which may be externally similar but have different content. During the development of this approach, the concept of “anti-ideology” of entrepreneurship is introduced, which reflects the essence of innovative activity as a process of creative destruction. The necessary and sufficient attributes of entrepreneurial innovation are identified, making it possible to reflect the meaning of this phenomenon and verify this complex defining structural element in the system of economic relations. The study substantiates that the level of anti-ideology and public benefit can be used as criteria for assessing the significance of an entrepreneurial idea. A progressive model of anti-idea realization (PMA) is proposed based on the methodological principle. It can be used to develop an efficient system for evaluating startups within the framework of venture capitalism.Conclusions. Specification of the relationship between creative destruction and economic development is crucial to understanding the importance of innovative entrepreneurship. Each historical period creates its own demand for a specific type of entrepreneurs. The principle of anti-ideology, which lies at the heart of the PMA model, is key in identifying competitive commercial ideas, making it possible to focus resources and attention on projects that can make a significant contribution to economic development.

INTERCONNECTION OF SUSTAINABLE DEVELOPMENT COMPONENTS FOR THE INDIGENOUS PEOPLES OF THE NORTH

2020 ◽  
Vol 2 (8) ◽  
pp. 101-110
Author(s):  
N. N. ILYSHEVA ◽  
◽  
E. V. KARANINA ◽  
G. P. LEDKOV ◽  
E. V. BALDESKU ◽  
...  
Keyword(s):  
Climate Change ◽  
Sustainable Development ◽  
Economic Development ◽  
Indigenous Peoples ◽  
Ecological Footprint ◽  
Positive Relationship ◽  
The North ◽  
Strong Positive Relationship ◽  
The Face ◽  
The Relationship

The article deals with the problem of achieving sustainable development. The purpose of this study is to reveal the relationship between the components of sustainable development, taking into account the involvement of indigenous peoples in nature conservation. Climate change makes achieving sustainable development more difficult. Indigenous peoples are the first to feel the effects of climate change and play an important role in the environmental monitoring of their places of residence. The natural environment is the basis of life for indigenous peoples, and biological resources are the main source of food security. In the future, the importance of bioresources will increase, which is why economic development cannot be considered independently. It is assumed that the components of resilience are interrelated and influence each other. To identify this relationship, a model for the correlation of sustainable development components was developed. The model is based on the methods of correlation analysis and allows to determine the tightness of the relationship between economic development and its ecological footprint in the face of climate change. The correlation model was tested on the statistical materials of state reports on the environmental situation in the Khanty-Mansiysk Autonomous Okrug – Yugra. The approbation revealed a strong positive relationship between two components of sustainable development of the region: economy and ecology.

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