Editing Structuralism (section)

=== New Structural Economics (NSE) ===
New structural economics is an economic development strategy developed by [[World Bank Chief Economist]] [[Justin Yifu Lin]]. The strategy combines ideas from both [[neoclassical economics]] and structural economics.

NSE studies two parts: [[Base and superstructure|the base and the superstructure]]. A base is a combination of forces and relations of production, consisting of, but not limited to, industry and technology, while the superstructure consists of hard infrastructure and institutions. This results in an explanation of how the base impacts the superstructure which then determines [[Transaction cost|transaction costs]].<ref>{{Cite web |date=June 17, 2024 |title=About NSE |url=https://www.nse.pku.edu.cn/en/research/introduction/index.htm#:~:text=New%20Structural%20Economics%20is%20a,time%20and%20changable%20over%20time. |website=Institute of New Structural Economics}}</ref>