Inclusive Growth, Full Employment, and Structural Change

Illustrations; Abbreviations; Foreword by William Mitchell; Preface and Acknowledgements; Executive Summary; What Is Inclusive Growth?; What Is the Main Constraint that Developing Countries Face?; Why Full Employment and Who Should Be Responsible for Trying to Achieve It?; Why Is Growth Unstable?; What Is the Role of Agriculture in the Process of Structural Change and in Delivering Full Employment?; What Is the Role of Investment in Delivering Full Employment?; Why is "Planning Development" Necessary?; What Is Industrial Policy?; Structural Transformation, Industrialization, and Technological Change in Developing Asia; Why Do Export Diversification and Sophistication Matter?; Unemployment Versus Inflation; What Should Be the Role of Fiscal and Monetary Policies for Development?; Is It Possible to Achieve Full Employment in the Presence of Structural Transformation?; Should the Government (Public Sector) Intervene Directly and Become the Employer of Last Resort?; Can Competitiveness and Globalization Deliver Inclusiveness and Full Employment?; Export-Led Growth or Domestic Demand-Led Growth?; Is Education a Key Ingredient of Inclusive Growth?; Conclusions; References; Author Index; Subject Index