The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Structuralism

  • Stephanie Blankenburg
  • José Gabriel Palma
  • Fiona Tregenna
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1278

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.

Keywords

Agency Business cycles Centre and periphery Class Comparative advantage Complementary capital Cost-push inflation Economic Commission for Latin America and the Caribbean (ECLAC) Economic development Foreign exchange-constrained growth Furtado, C. Gains from trade Haberler, G. Heckscher–Ohlin–Samuelson trade theory Import-substituting industrialization Institutions International division of labour Periphery Perroux, F. Prebisch, R. Sectoral growth Sombart, W. Specialization Stages of growth Structural change Structuralism Structures Terms of trade 

JEL Classifications

B2 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Stephanie Blankenburg
    • 1
  • José Gabriel Palma
    • 1
  • Fiona Tregenna
    • 1
  1. 1.