New Structural Economics

New Structural Economics is a framework born from two failed orthodoxies: old state planning and the market-fundamentalist "Washington Consensus." Both shared the same fatal flaw – assuming economic transformation meant copying institutions and the policies from the most advanced economy. When applied wholesale to nations they did not fit, it delivered decades of disappointment.New Structural Economics rejects the notion that "the right policy" is a fixed destination. It starts with what an economy has right now and asks: what can this country realistically be great at next, and what is blocking it?This book carries that founding insight across the full terrain of economic policy. It examines why decades of macroeconomic orthodoxy borrowed from the Maastricht Treaty have misfired around the world; why the countries most often praised as economic policy success stories actually broke nearly every rule in the textbook on their way there; why many central banks in the Global South are asked to hit inflation targets built on data that barely exists; and why the "best practice" institutions recommended blindly to states around the world are frequently the wrong solutions.From macroeconomic policies and employment creation to AI, manufacturing, industrial upgrading, and the leadership required to sustain reform, this book bridges the gap between theory and reality. Each chapter pairs rigorous economic analysis with real-life human stories – proving that even the most elegant theory only matters if it can survive contact with local politics.New Structural Economics makes the case for an economic transformation strategy built around a single question: what fits right here, right now?