Inclusive Growth, Full Employment and Structural Change

Reviews / Votes

'Jesus Felipe provides a masterful analysis of growth in Asia by highlighting the role played by structural transformation... The road ahead for developing Asia is difficult, but this magnificent book will make the task more manageable for policy makers and analysts.' -Ricardo Hausmann, Center for International Development at Harvard University "This book demonstrates that full employment is not only possible in policy terms but also necessary, and that it is the very underpinning of inclusive growth. Not to pursue it is to invite human pain, social and political instability, and economic underperformances." -Duncan Campbell, International Labour Organization 'Jesus Felipe has unrivalled knowledge of the economies of Asia and of the challenge of employment creation. The book is essential reading for all those concerned with unemployment and poverty in developing countries. It is a beautiful and impressive blend of impeccable theory, fascinating empirics, and personal passion.' -Tony Thirlwall, University of Kent "If only because it gives due attention to full employment as a driving force of growth, and for its emphasis on Keynes, Kalecki, and Kaldor, this book is a must-read. Jesus Felipe argues rightly that developing countries need to coordinate policies in several areas to achieve full employment. The policy conclusions are provocative, thoughtful, compassionate, and realistic." -Salim Rashid, University of Illinois "I highly recommend this book as an excellent contribution to development economics and as an extension of the work on the Employer-of-Last-Resort approach to full employment policy to the developing countries." -L. Randall Wray, University of Missouri-Kansas City 'This book is a very important piece of work. Development economists as well as a wider audience with interest in development issues will benefit from it.' -Santonu Basu, Queen Mary, University of London