{ "title": "Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation", "publication": "IMF Working Papers, September 28, 2018", "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253", "canonical": "https://www.imf.org/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253", "overlayPath": "/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/index.md", "summary": "This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process.", "sections": [ { "heading": "Overview", "content": "- Authors: Manoj Atolia, Prakash Loungani, Milton Marquis, Chris Papageorgiou\n- Date: September 28, 2018\n- Paper type: IMF Working Paper (Working Paper No. 2018/223)\n- Purpose: Reassess current theories of structural transformation and the roles of private and public fundamentals in that process; summarize representative past and current country experiences; analyze the roles of manufacturing, policy, and the international environment; examine premature deindustrialization and its relation to a middle-income trap; draw conclusions on prospective future paths for structural transformation and development policies." }, { "heading": "Major themes and analytical focus", "content": "- Structural transformation theory and its current formulations.\n- Role of private fundamentals and public fundamentals in driving structural transformation.\n- Comparative experiences of various countries in their structural transformation trajectories.\n- Specific focus on manufacturing, policy choices, and the international environment as shaping factors.\n- Salient aspects of the debate on premature deindustrialization and the middle-income trap.\n- Implications for future development policy design." }, { "heading": "Key findings (as summarized in the source)", "content": "- The paper provides a \"fresh look\" at theories of structural transformation and the role of private and public fundamentals.\n- It summarizes representative past and current country experiences with emphasis on manufacturing, policy, and the international environment in shaping structural transformation.\n- The paper describes key aspects of the current debate on premature deindustrialization and its relation to a middle-income trap as they pertain to the path of structural transformation.\n- Conclusions are drawn regarding prospective future paths for structural transformation and development policies." }, { "heading": "Policy implications and recommendations (from the source summary)", "content": "- Development policies should consider the roles of manufacturing, policy frameworks, and the international environment when shaping structural transformation strategies.\n- The analysis of premature deindustrialization and middle-income dynamics should inform policy choices aimed at sustaining productivity growth and structural change.\n- Both private and public fundamentals merit attention in designing policies to influence the trajectory of structural transformation." }, { "heading": "Subjects and keywords (as listed)", "content": "- Subjects: Economic growth, Economic sectors, Employment, Financial crises, Income, Labor, Manufacturing, National accounts, Production, Productivity, Structural transformation\n- Keywords: Development policies, Employment, export structure, Global, growth diagnostics, high-productivity IT service, high-productivity service, Income, labor-saving technology, Manufacturing, middle-income economy, middle-income trap, net importer, open economy, premature deindustrialization, Productivity, productivity economy, push factors, structural transformation\n\n---\n\n Content in this bundle\n\n- wp18223\n - wp18223 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - wp18223 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253" } ], "bullets": [ "[Markdown version](/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/index.md)", "[Structured JSON version](/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/index.json)", "[Bundle manifest](/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/bundle-manifest.json)", "Authors: Manoj Atolia, Prakash Loungani, Milton Marquis, Chris Papageorgiou", "Published: September 28, 2018", "Series: IMF Working Papers", "DOI: https://doi.org/10.5089/9781484377499.001", "Authors: Manoj Atolia, Prakash Loungani, Milton Marquis, Chris Papageorgiou", "Date: September 28, 2018", "Paper type: IMF Working Paper (Working Paper No. 2018/223)", "Purpose: Reassess current theories of structural transformation and the roles of private and public fundamentals in that process; summarize representative past and current country experiences; analyze the roles of manufacturing, policy, and the international environment; examine premature deindustrialization and its relation to a middle-income trap; draw conclusions on prospective future paths for structural transformation and development policies.", "Structural transformation theory and its current formulations.", "Role of private fundamentals and public fundamentals in driving structural transformation.", "Comparative experiences of various countries in their structural transformation trajectories.", "Specific focus on manufacturing, policy choices, and the international environment as shaping factors.", "Salient aspects of the debate on premature deindustrialization and the middle-income trap.", "Implications for future development policy design.", "The paper provides a \"fresh look\" at theories of structural transformation and the role of private and public fundamentals.", "It summarizes representative past and current country experiences with emphasis on manufacturing, policy, and the international environment in shaping structural transformation.", "The paper describes key aspects of the current debate on premature deindustrialization and its relation to a middle-income trap as they pertain to the path of structural transformation.", "Conclusions are drawn regarding prospective future paths for structural transformation and development policies.", "Development policies should consider the roles of manufacturing, policy frameworks, and the international environment when shaping structural transformation strategies.", "The analysis of premature deindustrialization and middle-income dynamics should inform policy choices aimed at sustaining productivity growth and structural change.", "Both private and public fundamentals merit attention in designing policies to influence the trajectory of structural transformation.", "Subjects: Economic growth, Economic sectors, Employment, Financial crises, Income, Labor, Manufacturing, National accounts, Production, Productivity, Structural transformation", "Keywords: Development policies, Employment, export structure, Global, growth diagnostics, high-productivity IT service, high-productivity service, Income, labor-saving technology, Manufacturing, middle-income economy, middle-income trap, net importer, open economy, premature deindustrialization, Productivity, productivity economy, push factors, structural transformation", "**wp18223**" ], "related": [ { "title": "wp18223", "role": "document", "sourceUrl": "https://www.imf.org/-/media/files/publications/wp/2018/wp18223.pdf", "summary": { "path": "/-/media/files/publications/wp/2018/wp18223.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/wp/2018/wp18223.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/index.md", "json": "/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/index.json", "bundleManifest": "/en/publications/wp/issues/2018/09/28/rethinking-development-policy-deindustrialization-servicification-and-structural-46253/bundle-manifest.json" }, "generatedAtUtc": "2026-09-18T14:10:00.520Z" }