IMF Working Papers Volume 2018 Issue 223: Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation (2018)

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Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Author:

Manoj Atolia

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Mr. Prakash Loungani

Mr. Prakash Loungani
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Milton Marquis

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Mr. Chris Papageorgiou

Mr. Chris Papageorgiou
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Series:: IMF Working Papers

Volume/Issue:: Volume 2018: Issue 223

Language:: English

Publication Date:: 28 Sep 2018

DOI:: https://doi.org/10.5089/9781484377499.001

ISBN:: 9781484377499

ISSN:: 1018-5941

Pages:: 49

Keywords:: Development policies; structural transformation; premature deindustrialization; middle-income trap; push factors; growth diagnostics; high-productivity IT service; export structure; net importer; open economy; labor-saving technology; high-productivity service; middle-income economy; productivity economy; Manufacturing; Income; Productivity; Employment; Global

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 2018: Issue 223

Language:: English

Publication Date:: 28 Sep 2018

DOI:: https://doi.org/10.5089/9781484377499.001

ISBN:: 9781484377499

ISSN:: 1018-5941

Pages:: 49

Keywords:: Development policies; structural transformation; premature deindustrialization; middle-income trap; push factors; growth diagnostics; high-productivity IT service; export structure; net importer; open economy; labor-saving technology; high-productivity service; middle-income economy; productivity economy; Manufacturing; Income; Productivity; Employment; Global

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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