HKS Affiliated Authors
Ford Foundation Professor of International Political Economy
Excerpt
Excerpt
The Elusive Promise of Structural Reform. Dani Rodrik, November 28, 2017, Book Chapter, "This Chapter reconsiders the notion of and rationale for ‘structural reforms.’ Structural reforms are changes in labor and product markets as well as wider institutional changes that aim to increase the efficiency with which labor and capital are allocated in the economy, ensuring that these resources go where their contribution to national income is largest. If successful, such changes promote productivity, investment, and growth. Structural reforms are often part of the conditionality accompanying financial assistance, and the assistance offered to Greece since 2010 is no exception..." Link