Excerpt
Excerpt
Globalization, Structural Change, and Productivity Growth, with an Update on Africa. Dani Rodrik, October 2013, Paper. "One of the earliest and most central insights of the literature on economic development is that development entails structural change. The countries that manage to pull out of poverty and get richer are those that are able to diversify away from agriculture and other traditional products. As labor and other resources move from agriculture into modern economic activities, overall productivity rises and incomes expand..." Link