Abstract
Structuralist analysis advocates a focus on a system in its totality and on the interrelations between its elements rather than on individual elements in isolation: for instance, understanding the world economy as a system within which the centre and periphery are intrinsically linked, with many economic problems of the periphery deriving from that interaction. Structuralist development economics, as associated with, for example, Raúl Prebisch and Celso Furtado, essentially turns on two phenomena considered inherent to development in countries of the periphery that export almost exclusively commodities: foreign-exchange constrained growth and the tendency towards deterioration in the terms of trade.
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Blankenburg, S., Palma, J.G., Tregenna, F. (2018). Structuralism. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1278
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1278
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