The chapter presents the basic structure of transformational growth theory. That is an analysis centered on explaining growth and structural change in terms of both the rate of expansion and changes in the composition of aggregate demand. It transcends the dominant approached of Demand-led growth by seeking to better explain how demand is generated by the process of growth and development itself.
The Paths of Transformational Growth
GUALERZI, DAVIDE
2010
Abstract
The chapter presents the basic structure of transformational growth theory. That is an analysis centered on explaining growth and structural change in terms of both the rate of expansion and changes in the composition of aggregate demand. It transcends the dominant approached of Demand-led growth by seeking to better explain how demand is generated by the process of growth and development itself.
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