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Comments on "new structural economics" by Justin Yifu Lin (Inglés)

The central insight of structuralism is that developing countries are qualitatively different from developed ones. They are not just radially shrunk versions of rich countries. In order to understand the challenges of under-development, one has to understand how the structure of employment and production in particular the large gaps between the social marginal products of labor in traditional versus modern activities is determined and how the obstacles...
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