Table of Contents

Economic Growth and Change

Economic Growth and Change

National and Regional Patterns of Convergence and Divergence

Edited by John Adams and Francesco Pigliaru

The pursuit of economic growth is at the top of every nation’s policy agenda at the end of the 20th century. This authoritative and comprehensive book goes beyond the narrowly-based convergence model of economic growth by considering global, national and regional patterns of growth from a comparative perspective.

Chapter 3: Society, Politics, and Economic Development thirty years after

Irma Adelman

Subjects: development studies, development economics, economics and finance, development economics, regional economics


Page 71  3. Society, Politics, and Economic Development thirty years after  Irma Adelman1  In his seminal paper on time series analysis, the well known Swedish statistician, Herman Wold, proposed the hypothesis that all dynamic processes are composed of  two fundamental elements: continuity and innovation. The present chapter examines how these two elements are reflected in the analysis of interactions among  processes of economic and institutional change in the development of developing countries since the 1960s. Specifically, I apply the same methodology as used by  Cynthia Taft Morris and myself in our 1967 book Society, Politics, and Economic Development2 to data updated to describe the economic, social and political  institutions and economic performance during the 1990s.  Now, as before, the focus of the analysis is on intercountry differences in rates of growth of per capita GNP. Growth rates per se are not good indicators of  development in the broad sense. The term ‘development’ is used in Kuznets’s sense3—sustained economic growth accompanied by structural change in the economy  and by a wider diffusion of the economic and social benefits of growth. The results for the 1990s indicate the distinctions between the two concepts rather clearly, in  that we find that, in the short run, growth and development do not necessarily coincide and that countries at similar initial levels of development must generally choose  which achievements they will stress.  3.1 THE DATA  The sample of countries included in the present analysis started with the list of 74 non­communist developing countries that...

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