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structural transformation

STRUK-cher-ul trans-for-MAY-shun

ˈstrʌktʃərəl trænsˌfɔːrˈmeɪʃən

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Syllable breakdown

structuraltransformation

Dictionary meaning

the long-run process by which the sectoral composition of an economy shifts from agriculture toward manufacturing and services; associated with rising productivity, urbanization, and changes in the labor force; central to development economics since the work of Arthur Lewis and Simon Kuznets

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