Download or read book Social Capability and Long Term Economic Growth written by Bon Ho Koo and published by Springer. This book was released on 2016-07-27 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.

Download or read book Thinking about Growth written by Moses Abramovitz and published by Cambridge University Press. This book was released on 1989-04-28 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.

Download or read book Catch Up Growth and Social Capability in Developing Countries written by Martin Andersson and published by . This book was released on 2018 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the income per capita in the developing world since the turn of the Millennium has grown faster than that of the developed world, the question whether there is an ongoing process of catching up between countries remains. The notion of income convergence has provided many insights into the sources for long-run growth but has largely neglected the role of social capabilities in economic development. By social capabilities we mean the qualification of the 'theory of convergence' which asserts that productivity growth rates between countries tend to vary inversely with regard to productivity levels. The social capabilities approach holds that a country's potential for rapid growth is strong when “it is technologically backward but socially advanced” (see Abramovitz, 1986:388). This means that the potential to catch up under globalization is strongest for countries in which social capabilities are developed to allow successful use of technologies and where institutional arrangements are conducive to economic progress. Yet there is no clear agreement in the literature on the main components of social capabilities or how to measure them. Our framework argues that the role of capabilities in catching up needs to understand them in terms of structural transformation, economic and social inclusion, state's autonomy and accountability. Without progress in these dimensions within-country inequality may increase and might in turn lead to stagnating growth and slim prospects for global income convergence.

Download or read book Development as Freedom written by Amartya Sen and published by Anchor. This book was released on 2011-05-25 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.

Download or read book Social Capability and Economic Development written by Jonathan R.W Temple and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the role of "social capability" in growth and development. We present a wide variety of evidence to show that rates of growth, in per capita income and TFP, are strongly related to the extent of a country's initial social development. We also show that differences in social development can explain polarization taking place in the world income distribution. Not only are these results interesting in themselves, they lead us to reject the influential augmented Solow model in favor of the alternative view, in which technology is allowed to differ across countries and social factors play a role in the speed of catching up.

Download or read book The Good Life Beyond Growth written by Hartmut Rosa and published by Routledge. This book was released on 2017-08-15 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have experienced a decline of economic growth for decades, an effect that was only aggravated by the recent global financial crisis. What if in the 21st century this is no longer an exception, but the general rule? Does an economy without growth necessarily bring hardship and crises, as is often assumed? Or could it be a chance for a better life? Authors have long argued that money added to an income that already secures basic needs no longer enhances well-being. Also, ecological constraints and a sinking global absorption capacity increasingly reduce the margin of profitability on investments. Efforts to restore growth politically, however, often lead to reduced levels of social protection, reduced ecological and health standards, unfair tax burdens and rising inequalities. Thus it is time to dissolve the link between economic growth and the good life. This book argues that a good life beyond growth is not only possible, but highly desirable. It conceptualizes "the good life" as a fulfilled life that is embedded in social relations and at peace with nature, independent of a mounting availability of resources. In bringing together experts from different fields, this book opens an interdisciplinary discussion that has often been restricted to separate disciplines. Philosophers, sociologists, economists and activists come together to discuss the political and social conditions of a good life in societies which no longer rely on economic growth and no longer call for an ever expanding circle of extraction, consumption, pollution, waste, conflict, and psychological burnout. Read together, these essays will have a major impact on the debates about economic growth, economic and ecological justice, and the good life in times of crisis.

Download or read book Social Policy in a Development Context written by T. Mkandawire and published by Springer. This book was released on 2004-11-10 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon both conceptual and empirical evidence, this volume argues the case for the centrality of social policy in development, focusing particularly on the message that social policy needs to be closely intertwined with economic policy. It is argued that social policy can provide the crucial link between economic development poverty eradication and equity. This volume is a significant contribution to thinking about social policy in a development context.

Download or read book Biography of a Subject written by Gerald M. Meier and published by Oxford University Press. This book was released on 2004-10-14 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of economic development is one of the newest, most exciting, and most challenging branches of the broader discipline of economics and political economy. Although one could claim that Adam Smith was the first "development economist", the systematic study of the problems and processes of economic development in Africa, Asia, and Latin America has emerged only over the past five decades. This biography of the subject of economic development will focus on the essential ideas in the evolution of development thought and policy over the subject's half-century of life. In concise form and avoiding undue technicality, it highlights the influence of development theory on policymaking and on the mixed record of successes and failures in promoting development efforts. The interpretation of theory, policy, and the lessons of experience are covered in three periods: early development economics of the 1950s-60s; orthodox reaction of the 1970s-80s; and the new development economics of the 1980s-90s. Gerald Meier-one of the world's most prominent leading thinkers in the economics of development - interprets the past treatment of development problems with the present and future in mind. He re-interprets the past two generations of development economists in a contemporary voice. And in a forward-looking fashion, the book's perspectives should make the next generation of development problems-and development economists-more intelligible. The reader is invited to consider whether development economists really know how to put matters right.

Download or read book Social Capability and Economic Development written by Jonathan Temple and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Institutional Foundation of Economic Development written by Shiping Tang and published by Princeton University Press. This book was released on 2022-09-06 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.

Download or read book Manufacturing Competitiveness in Asia written by Jomo K. S. and published by Routledge. This book was released on 2005-06-27 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are competing theories to explain the reasons behind the international competitiveness of manufacturing in Asia. Analysing these different theories will bring important lessons, not just for Asia, but for developing economies the world over. This lucid book studies industries and firms in East Asia and examines the major determinants of their economic performance. With contributions from such leading thinkers as Ha-Joon Chang and Rajah Rasiah, the book covers such themes as: *industrial policy and East Asia *Taiwan's information technology industry *The role of the government in technological capability building Manufacturing Competitiveness in Asia touches on many important themes and issues and as such will be of great interest to students, academics and policy-makers involved in industrial economics, international trade and Asian studies.

Download or read book Diverse Development Paths and Structural Transformation in the Escape from Poverty written by Martin Andersson and published by Oxford University Press. This book was released on 2016 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses different possibilities for, and obstacles to, economic development in lower income countries in Asia, Latin America, and Sub-Saharan Africa. It asks what lessons can be learned from previous success cases and assesses whether the growth of developing countries over the last decades can be sustained. It pays attention to actual processes of development over the long-term to shed light on prospects for global development today.

Download or read book Exemplary Economists Europe Asia and Australasia written by Roger Backhouse and published by Edward Elgar Publishing. This book was released on 2000-01-01 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: A selection of autobiographical essays by economists whose work is recognised in current economic thinking. They are based upon introductions to the Edward Elgar series, "Economists of the Twentieth Century". The volume focuses upon those who have experience in Europe, Asia and Australasia.

Download or read book Routledge Handbook of Natural Resource Governance in Africa written by Hany Besada and published by Taylor & Francis. This book was released on 2024-03-13 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Natural Resource Governance in Africa provides a comprehensive analysis of African natural resource governance, stretching across the continent, and encompassing water, land, extractive resources, and mining. Africa’s natural resources are not only crucial for the continent from an economic, environmental, and political perspective, but they are also of significant geopolitical importance, with direct implication for meeting the global challenges outlined in the Sustainable Development Goals. Whether an abundance of natural resources proves to be a curse or a blessing depends on the nature, extent, and outcome of the effort and experience of an individual country in governing and managing such assets. It is with this in mind that this ground-breaking handbook brings together experts from across the field of natural resource development to reflect on the varied regime types and paradigms within the continent’s natural resource sectors, the specific challenges they face, and their role within global value chains. The book first considers governance for sustainable development and discourses of land and development financing, before going on to investigate the regulatory and policy impacts, and socioeconomic implications of natural resource management. Finally, the Handbook situates the African continent within the emerging global energy transition; examining trends in South-South cooperation, and new frontiers for the harnessing of critical tools in a sustainable future for natural resource governance and management. Overall, the Handbook’s in-depth analysis provides a unique blend of realism and optimism, highlighting the importance of building a new sustainable African resource narrative for shared prosperity. The handbook will be an essential read for researchers and policy makers with an interest in sustainable development and natural resource governance in Africa.

Download or read book The Societal Foundations of National Competitiveness written by Michael J. Mazarr and published by Rand Corporation. This book was released on 2022-06-21 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nations rise and fall, succeed or fail in rivalries, and enjoy stability or descend into chaos because of a complex web of factors that affect competitive advantage. One critical component is the package of essential social characteristics of a nation. The ultimate story of the Cold War is that the United States was simply a more competitive society than the Soviet Union: more energetic, more vibrant, more innovative, more productive, more legitimate. Through analysis of comparative studies of historical eras and trends, historical case studies, and the findings of issue-specific empirical research, the report explores how seven characteristics of a society determine its competitive standing and distinguish dynamic and competitively successful nations. If the history surveyed in this report provides an accurate guide to the future, the fate of the United States in today's rivalries will not be determined solely, or even in significant degree, by the numbers of its weapons or amounts of defense spending or how many proxy wars it wins but by the basic characteristics of its society. The author applies the seven leading characteristics that affect national standing to the United States to create a snapshot of where the country stands. That application provides some reason for optimism. The United States continues to reflect many of these characteristics, and the overall synergistic engine, more than any other large country in the world. However, multiple trends are working to weaken traditional U.S. advantages. Several, such as the corruption of the national information space, pose acute risks to the long-term dynamism and competitiveness of the nation, raising the worrying prospect that the United States has begun to display classic patterns of a major power on the far side of its dynamic and vital curve.

Download or read book Energy Wealth and Governance in the Caucasus and Central Asia written by Richard Auty and published by Routledge. This book was released on 2006-08-21 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed deployment of energy. Featuring contributions from prominent specialists on resource-driven economies, the book argues that unless CCA elites change the way in which they deploy natural resource, revenues regional development will fall short of its potential with possible disastrous consequences. The contributors apply the experience of the developing market economies to demonstrate that the region still holds considerable potential to become an important, stable supplier of raw materials and a source of industrial demand to the global economy. However, the CCA is equally likely to become a threat to the global economy as a consequence of the misuse of energy revenues to promote the interests of predatory political elites.

Download or read book Economic Growth written by Quamrul H. Ashraf and published by Taylor & Francis. This book was released on 2024-10-30 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries rich and others poor? This leading text introduces students to the latest theoretical tools, data, and insights underlying this pivotal question. By showing how empirical evidence relates to new and old theoretical ideas, Economic Growth provides students with a complete introduction to the discipline and the latest research. In addition to thorough updates to the data throughout the book, this fourth edition responds to new research in the field since the last edition. Major changes include: new material on labor’s share of income updated material on health and education updated material on the impact of trade on productivity a heavily revised chapter on government, including an expanded section on legacy effects of colonialism a heavily revised chapter on income inequality, including an expanded section on mobility a heavily revised chapter on culture, including an expanded section on persistent effects of geographical factors updated material on climate change, including an expanded discussion of outcomes and policies related to global warming updated online learning resources With its comprehensive and flexible organization, Economic Growth is ideal for a wide array of courses, including undergraduate and graduate courses in economic growth, economic development, macroeconomic theory, applied econometrics, and development studies.