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Shortcut or Piecemeal: Economic Development Strategies and Structural Change

Shortcut or Piecemeal: Economic Development Strategies and Structural Change

ISBN: 9789633860632
Publisher: Central European University Press
Publication Date: 2016-03-01
Number of pages: 224
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.

Despite the economic uncertainties that have affected the world economy, alternative economic development strategies receive very little attention in the published literature. When academics compare certain strategic features or assess the performance of different strategies they rarely factor in outcomes. This book seeks to address that gap and to provide a theoretical background to the shift from industry to human capital intensive services as the engine of economic growth. Pioneering studies reveal interesting trends and patterns that point to the growing importance of the mostly intellectual property-based intangible capital in relation to the level of GDP. These studies also indicate that economic freedom has had a large role in bringing about this second great structural change, more than was with the case with industrialization. The author also provides an extensive assessment of four key developing countries: Brazil, Russia, India, and China.

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