User:Msrasnw/Drafts Structuralist Economics

Nixson (ref)(p454)reports Bitar's (1988)argument that there had become a broad consensus on what amounted to the neostructuralist approach. This included the recognition of:
 * the importance of political and institutional factors in the analysis of economic problems.
 * of the need to raise the level of domestic saving in order to raise the rate of investment given that external sources of finance are likely to be hard to come by
 * inflation as a a "social phenomenon" requiring for its elimination social, psycological and political-institutional changes, as well as orthodox moneraty and fiscal policies
 * the false nature of dilemmas between for example ISI and EOI - planning and the market - agriculture and industry.
 * the need to strengthen the productive and technological base.
 * the importance of trying to improve the terms on which countries are integrated into the global economy and to improve international competitiveness.
 * structural adjustment as only one component of structural change.