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Structural Change: Paving the Way for Development?

Structural Change: Paving the Way for Development?

IMF Podcasts · IMF Podcasts

April 25, 2013

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Show Notes

When a country shifts from being largely based on agrarian economy, to being based on services, or industry, it is said to have undergone structural change. This was the basis of economic development in many Asian countries. Harvard's Dani Rodrik explains why structural change is so critical to development.