United Nations Conference on Trade and Development (2016). Trade and development report, 2016: Structural transformation for inclusive and sustained growth. New York: United Nations.

Chapter 1: Current Trends and Challenges in the World Economy -- A year of living dangerously -- Recent trends in the world economy -- Growth performance -- International trade -- Recent development in commodity markets -- International capital flows to developing economies -- The slowdown of global trade -- Preliminary observation on the causes of the trade slowdown -- Global trade in the context of international production networks 00 Summing up and implications for the global outlook -- Chapter II: Globalization, Convergence and Structural Transformation -- Introduction -- Globalization and convergence -- Structural transformation: The missing link(s) -- A global enabling environment? -- Conclusions -- Chapter III: The Catch-Up Challenge: Industrialization and Structural Change -- Introduction -- The case for developing manufacturing industries -- The virtues of manufacturing -- Knowledge linkages and productivity growth -- Trends in structural change since 1970 -- Long-term trends -- Impact of structural change and investment on aggregate productivity -- Successful and stalled industrialization and premature deindustrialization -- Catch-up industrialization -- Stalled industrialization -- Premature industrialization -- Making the primary and tertiary sectors work for structural transformation -- The role of the primary sector in structural change -- Making commodity export revenues work for structural transformation -- The role of services in structural transformation -- Conclusions -- Chapter IV: Revisiting the Role of Trade in Manufactures in Industrialization -- Introduction -- A preliminary framework -- Trends in international trade by region -- General trends -- Trade in manufactures -- Structural transformation, productivity growth and trade -- Trade in manufacturers, value added and structural transformation -- Growth in labour productivity and trade in manufacturers -- Export sophistication and diversification -- Global value chains, industrial upgrading and structural transformation -- Gender, industrialization, trade and employment -- Export orientation and women's employment Employment elasticity of export-oriented manufacturing -- The past and future of pricing power -- Conclusions -- Chapter V: Profits, Investment and Structural Change -- Introduction -- The profit-investment nexus revisited -- Corporate strategies: Refocusing and financialization -- The corporate investment environment in developing countries -- Challenging macroeconomic conditions for private investment -- Microeconomic trends: Incipient corporate financialization in developing countries? -- Structural transformation and finance for investment: Sectoral patterns of (financialization) investment -- Reinvigorating investment in developing countries -- Tackling global financial instability and corporate financialization -- Establishing a functioning profit-investment nexus in the context of catch-up development -- Combating tax avoidance, evasion and capital flight -- Conclusions -- Chapter VI: Industrial Policy Redux -- Introduction -- Reassessing the scope of industrial policy -- The long history of State-sponsored structural transformation -- Learning from successes and failures -- The varying geometry of State-business relations -- Institutions of the developmental State -- Government-business relations -- Support, performance and discipline -- Reassessing the tools of industrial policy -- Targeting active and passive industrial policies -- Managing rents -- Strengthening learning capabilities -- Integrating trade, macroeconomic and structural policies -- A strategic approach to the role of international trade -- Macroeconomic matters -- Reviving the profit-investment nexus -- Policies to better integrate the primary sector -- Conclusions