What impedes structural transformation in Asia

@inproceedings{Sen2018WhatIS,
  title={What impedes structural transformation in Asia},
  author={K. Sen},
  year={2018}
}
Structural transformation – the movement of workers from low productivity to high productivity activities – is an essential ingredient of inclusive growth. In the present paper, evidence on why the pace of structural transformation has differed widely across countries in Asia is reviewed, with a specific focus on China, India and Thailand. It is argued that government failures relating to the functioning of labour, land and product markets, and market failures relating to coordination of… Expand
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