Such change can be caused by such factors as economic development, global shifts in capital and labor, changes in resource availability due to war or natural disaster or discovery or depletion of natural resources, or a change in political system. For example, a subsistence economy may be transformed into a manufacturing economy, or a regulated mixed economy may be liberalized.Etchemendy, Sebastian, Models of Economic Liberalization: Regime, Power and Compensation in the Iberian-American Region (2009). APSA 2009 Toronto Meeting Paper. Available at SSRN: http://ssrn.com/abstract=1449085 A current driver of structural change in the world economy is globalization. Structural change is possible because of the dynamic nature of the economic system.
