Strategies for Structural Transformation in South Asian Countries

Seoul Journal of Economics 26 (No. 3 2013): 311-336

26 Pages Posted: 31 Aug 2013

Date Written: August 30, 2013

Abstract

Growth in South Asia has not resulted in structural transformation and increase of productive capacities. This paper presents a methodology to identify the opportunities for countries in South Asia to build their productive capacities and promote structural transformation through the emulation of the productive structure of more developed countries. The paper also discusses country-specific strategies that combine laissez-faire and strategic diversification approaches to facilitate the emergence of new economic activities that are more likely to increase the productive capacities in the country. In addition to its relevance to the formulation of inclusive development policies in South Asia, this paper contributes to the industrial policy literature by exploring the use of empirical data to verify the need for selective policies.

Keywords: Diversification, Structural Transformation, Productive Capacities, Economic Development, Industrial Policy

JEL Classification: O11, O14, O25, O33, O38, O53, O57

Suggested Citation

Freire, Clovis, Strategies for Structural Transformation in South Asian Countries (August 30, 2013). Seoul Journal of Economics 26 (No. 3 2013): 311-336, Available at SSRN: https://ssrn.com/abstract=2318330

Clovis Freire (Contact Author)

UNCTAD ( email )

Palais des Nations
Office E 8074
Geneva, 1211
Switzerland

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