A book being launched (and webcast) at 10 am on March 6 on “New Structural Economics: A Framework for Rethinking Development and Policy” by Justin Yifu Lin will likely set the development economics experts abuzz.
Justin's book sets out a third wave of development thinking . Taking into account the lessons learned from the growth successes and failures of past decades, it advances a neoclassical approach for studying the determinants and dynamics of economic structure. It postulates that the economic structure of an economy is endogenous to its factor endowment structure and that sustained economic development is driven by changes in factor endowments and continuous technological innovation. It makes an intriguing (yet cautionary) case for revisiting industrial policy.
Watch the book launch event live on March 6 at 10 A.M EST here . Follow @wb_research for live updates and use #nse to ask questions.
- New Structural Economics