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About The Book
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Developing countries have for decades been trying to catch up with the industrialized high-income countries but only a few have succeeded. Historically structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation and is hence ineffective. In this book Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid a