Author(s): Zhen Wang
Economic development in developing nations is deeply intertwined with the process of structural transformation, whereby economies transition from reliance on agriculture toward industrialization and service-based activities. This process is not linear and is shaped by policy interventions, global trade, technological adoption, and institutional reforms. Drawing lessons from countries across Asia, Africa, and Latin America, this article examines how structural transformation has contributed to inclusive growth, poverty reduction, and economic resilience. The analysis underscores the significance of investment in human capital, infrastructure, and governance in driving long-term development, while also highlighting the challenges of inequality, informal labour markets, and vulnerability to external shocks.