Cover IMF Working Papers
Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation
Author: Manoj Atolia 1 , Mr. Prakash Loungani, Milton Marquis 2 , and Mr. Chris Papageorgiou
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund
  • 2 https://isni.org/isni/0000000404811396, International Monetary Fund
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.
Download PDF (4.5 MB) Download Epub
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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund

dimension badge: