New Structural Economics

New Structural Economics (NSE) is a development theory that suggests a country’s economic growth depends on cultivating industries suited to its unique resources and stage of development. It emphasizes the importance of governments guiding investments and infrastructure to help firms develop competitive advantages. Rather than copying other countries, NSE advocates for countries to focus on their existing strengths, improve industries where they have potential, and gradually upgrade their productive capacity. This approach aims to create sustainable growth by aligning policies with the country’s specific economic structure and capabilities.