Intro
Preface
Contents
About the Authors
Abbreviations
List of Figures
List of Tables
1 Introduction
1.1 Introduction
1.2 A Multidimensional View
1.3 Bangladesh's Structural Transformation
1.4 Primacy of Equality Horizon
1.5 Organisation of Chapters
References
2 Structural Transformation: Theory and Global Evidence
2.1 Introduction
2.2 Measures of Structural Transformation
2.3 Gains from Structural Transformation
2.4 Structural Transformation: Global Trends
2.4.1 Historical Trends in Developed Countries

2.4.2 Recent Trends in Developed and Developing Countries
2.4.3 Structural Transformation and Premature Deindustrialisation
2.5 Structural Transformation and Development Theory
2.5.1 The Neoclassical Growth Models
2.5.2 The Structuralist Framework
2.5.3 The New Structural Economics
2.5.4 The New Latin American Structuralism
2.5.5 The Value Chain Approach
2.5.6 Resource-Based Industrialisation
2.6 Empirical Evidence on Structural Transformation
2.6.1 Manufacturing as the Engine of Economic Growth
2.6.2 Role of ST in Labour Productivity Growth

2.6.3 Structural Change Within Manufacturing
2.6.4 Industrial Upgrading
2.7 Premature Deindustrialisation: Role of Services Sector
2.8 Structural Transformation and Development
2.8.1 Structural Transformation and Labour Market Changes
2.9 Structural Transformation, Employment, and Poverty
2.9.1 Structural Transformation and Human Development
2.10 Concluding Remarks
References
3 Structural Transformation in South Asia: An Overview
3.1 Introduction
3.2 Structural Transformation in South Asia
3.2.1 South Asian Growth Surprises

3.2.2 GDP Growth and its Composition
3.2.3 Changes in Macro Aggregates
3.3 Productivity Growth and ST in South Asia: A Panel Data Analysis
3.3.1 A Dynamic Panel Model for South Asia
3.3.2 Methodology and Data
3.3.3 Empirical Results and Implications
3.4 Factors Influencing ST in South Asia
3.4.1 Reforms for Transition and Growth
3.5 Poverty and Human Development
3.5.1 Multidimensional Poverty in South Asia
3.6 South Asia: A Region of Growing Inequality
3.6.1 Income and Wealth Inequality
3.6.2 Landlessness and Rising Inequality
3.6.3 Gender Inequality

3.6.4 Rising Informality in Employment
3.7 Inequality in Access to Basic Services
3.7.1 Access to Water and Sanitation
3.7.2 Access to Health Services
3.7.3 Access to Education
3.7.4 Inequality in Fiscal Regime
3.8 Export Sophistication in South Asian Countries
3.9 Concluding Remarks
References
4 Structural Transformation in Bangladesh: Trends and Characteristics
4.1 Introduction
4.2 Economic Structure Before Independence
4.3 Growth and Structural Transformation, 1971-2020
4.3.1 Growth of GDP and GDP Per Capita
4.3.2 Changes in Uses of GDP