Glossary: structuralists
DEFINITION:
Advocates of structuralism, an economic policy that blames chronic inflation primarily on foreign trade dependency, insufficient local production, especially in agriculture, and political struggles among entrenched vested interests over government contracts. Structuralists advocate encouraging economic development and modernization through Keynesian and neo-Keynesian policies of governmental stimulative actions, accompanied by organizational reforms. Structuralists contend that monetarist (q.v.) policies retard growth and support the status quo.