Title Page
Institute for Capacity Department
Contents
ABSTRACT
I. INTRODUCTION
II. THE MARKET AT WORK: INDUSTRIAL STRUCTURE AND INCLUSIVE GROWTH
A. Is There a Tradeoff Between Growth and Inequality?
B. Beyond Growth: “Dynamism” Matters
C. Dynamism: Sophistication, Creative Destruction, and Structural Transformation
III. IN PURSUIT OF A BETTER GROWTH MODEL FOR INCLUSIVE GROWTH
IV. HOW TO PROMOTE DYNAMISM
A. Competition, Market Power, and Innovation
B. Competition Policy to Spur Dynamism
V. CONCLUSION
REFERENCES
FIGURES
Figure 1. Long-Run Economic Growth vs. Market Inequality, 1974–2014
Figure 2. Average Market Income Inequality (Gini Coefficient) by Decade
Figure 3. Long-run Structural Export Sophistication vs. Market Inequality
TABLE
Table 1. Growth vs. Market Inequality: A Few Regressions