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The new structural approach to economics is not an attempt to substitute another grand development theorizing to various policy frameworks (often ideologically-based) that have dominated development thinking in past decades, yet showing little connection to the empirical realities of individual countries. The relevant questions may be how much longer can this process--essentially driven by the decay of the old system--continue, and how rapidly can an effective alternative system be built? Non-implementation carries with it high transaction cost to all stakeholders.

Pages: 224

Publisher: Wiley; 1 edition (June 1995)

ISBN: 0471953520

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