{"product_id":"new-structural-economics-justin-yifu-lin-9780821389553","title":"New Structural Economics: A Framework for Rethinking Development and Policy","description":"Economic development is a process of continuous technological innovation and structural transformation. Development thinking is inherently tied to the quest for sustainable growth strategies. This book provides a neoclassical approach for studying the determinants of economic structure and its transformation and draws new insights for development policy. The market is the basic mechanism for effective resource allocation at each level of development. However, economic development as a dynamic process entails structural changes, including industrial upgrading and diversification and corresponding improvements in hard and soft infrastructure. Such upgrading and improvements require coordination and go hand in hand with large externalities to firms' transaction costs and returns to capital investment. Thus, in addition to an effective market mechanism, the government should play an active role in facilitating structural changes. The book provides empirical evidence in support of this framework as well as concrete advice to development practitioners.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Justin Yifu Lin\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0821389556\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780821389553\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e World Bank Publications\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/04\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.13lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.80d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 04\/01\/2012 pg. 66\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 08\/01\/2012","brand":"Justin Yifu Lin","offers":[{"title":"Paperback","offer_id":43947344986367,"sku":"9780821389553","price":39.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_42689622-5e45-4b1f-b3cb-e92bcc6a56fb.jpg?v=1681518170","url":"https:\/\/www.whiterainbookhouse.com\/products\/new-structural-economics-justin-yifu-lin-9780821389553","provider":"WR Book House","version":"1.0","type":"link"}