Browse by title

You are looking at 1 - 10 of 996 items :

  • Development Economics x
  • All accessible content x
Clear All
This content is available to you

References

Towards a Capitalist Manifesto

Sung-Hee Jwa

This content is available to you

Preface

Towards a Capitalist Manifesto

Sung-Hee Jwa

This content is available to you

Introduction

The Rest Beyond the West

Vladimir Popov

This content is available to you

Introduction

Towards a Capitalist Manifesto

Sung-Hee Jwa

This introductory chapter lays out several myths about economic development, namely, that: (1) economic development is achievable by all nations; (2) economic development requires balanced growth; (3) inequality is a major obstacle to economic development; (4) economic policy should avoid ideological biases; (5) democracy is a precondition of development; (6) prosperous neighbours are bad for development; (7) markets are the elixir of economic development; (8) markets versus governments; (9) corporations are bad for economic development; (10) industrial policy is unfair practice; and (11) economic development is viewed as the accumulation of a nation’s resources. These myths are revisited in the final chapter of the book.

This content is available to you

Vladimir Popov and Jomo Kwame Sundaram

The chapter reviews catch-up or converging growth in parts of the Global South. By 1950, US per capita national income, adjusted for purchasing power, was nearly five times the world average. Since then, Western Europe and Japan have closed their per capita income gaps with the USA. East Asia, South Asia and some other developing countries have also started to close gaps with the West in recent decades. Thus, after two centuries of growing economic divergence, the world has witnessed an era of uneven convergence between parts of the South and the North. Alternative scenarios and some future implications are considered.

This content is available to you

Acknowledgments

The Rest Beyond the West

Edited by Vladimir Popov and Piotr Dutkiewicz

This content is available to you

Mark Skidmore

This content is available to you

Franco Malerba, Sunil Mani and Pamela Adams

This content is available to you

Edited by Franco Malerba, Sunil Mani and Pamela Adams

This content is available to you

Kenneth A. Reinert

This volume on globalisation and development is part of a larger Elgar Handbook series on globalisation. Its chapters engage two multidimensional concepts: globalisation and development. In doing so, it does not impose a particular conception of either. Rather, authors were given full rein to treat these subjects as they thought best in light of their particular subjects. The volume is structured around seven subjects: international trade, international production, international finance, migration, foreign aid, a broader view and challenges. The volume’s chapters provide important insights into each of these realms of globalisation and development.