The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process.

The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge:

DT Why has so much divergence occurred among nations of the world since the Industrial Revolution, and particularly during the 20th century?
DT Why has the pattern changed recently with the emergence of a few developing economies (e.g. the multi-polar world), and can it be sustained?
DT What are the key drivers, strategies, and policies, to foster structural transformation in various different country contexts and in a constantly evolving global economy?
DT How could low- and middle-income countries avoid development traps and learn from past experiences whilst exploiting the new opportunities offered by the Fourth Industrial Revolution?
DT What is the role of various development stakeholders and other important players in facilitating sustained economic convergence among nations?

This book addresses these questions, bringing the rigor, usefulness, and multi-disciplinary scope of the Oxford Handbook series to a critical topic in economics. The Oxford Handbook of Structural Transformation is an essential reference work and a stimulus to new research and creativity across all branches of the social sciences.

About the Author:
Célestin Monga, Vice-President, Economic Governance and Knowledge Management, African Development Bank; Visiting Professor of Economics, University of Paris 1 Pantheon-Sorbonne; Visiting Professor of Economics, Peking University, China, Justin Yifu Lin, Dean, Institute of New Stuctural Economics, Institute of South-South Cooperation and Development, and National School of Development, all Peking University, China

Dr. Célestin Monga is Vice-President, Economic Governance and Knowledge Management at the African Development Bank Group. He also teaches economics at the University of Paris 1 Pantheon-Sorbonne, France, and Peking University, China. He has held various board and senior executive positions in academia, financial services, and international development institutions, serving most recently as Managing Director at the United Nations Industrial Development Organization (UNIDO), and Senior Economic Adviser-Director at the World Bank. Dr. Monga has published extensively on various dimensions of economic and political development. His books have been translated into several languages and are widely used as teaching tools in academic institutions around the world.

Professor Justin Yifu Lin, former Senior Vice-President and Chief Economist of the World Bank, is Dean of the Institute for New Structural Economics and the Institute of South-South Cooperation and Development, and Honorary Dean at the National School of Development, Peking University. He is a member of the Standing Committee, Chinese People's Political Consultation Conference, and Vice Chairman of the All-China Federation of Industry and Commerce. He is a Corresponding Fellow of the British Academy and a Fellow of the Academy of Sciences for Developing World.