Fifteenth International Conference on Environmental, Cultural, Economic & Social Sustainability

Abstract

According to the three sector theory of Allan, Clark, and Fourastie, this study amplifies the clear outline of structural transformation by the access of electricity and engaged percentage of workforces (work quotas) on the (1) First Phase – Traditional Civilization (Middle Age), (2) Second Phase – Transitional Period, and (3) Third Phase – Tertiary Civilization. Recent data reveal that most of the developing countries have very low electricity access. Due to this reason, still, very low electricity access countries are struggling the hazardous economic conditions, as like as the Traditional Civilization (Middle Age) economy. To excape from the adversity, an adequate and regular electricity supply has been one of the most crucial and productive resources. It vitally supports the developing economies to increase the Human Development Index, sectoral contribution to GDP, GDP per capita income, and overall structural transformation and economic growth. Without adequate access to electricity, very few countries are able to achieve structural transformation. This study is dominated by quantitative research, qualitative research has also been used to some extent. At first, the model has explored the link between electricity development and sectoral contribution to GDP, labor force by sector, and the workforce quotas (three sector theory). Second, it has explored the HDI, GDP per capita income, and overall economic growth and structural transformation. It includes thirty selected developed and developing sample countries.