Development
The Re-Balancing of Economic Powers
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Beschreibung
This book provides a brief history of the concept of development and policies relating to it. Readers will find an overview of how development has been discussed and debates from 1950 to the present. The author argues that development is a dialectic relationship between people's empowerment and the existing social and economic structures.
Chapters examine well-known economic growth models from Harrod in 1939 to Solow in 1956, but it contends that contemporary issues on development can be better understood with the help of the founding fathers of economics, namely Smith and Marx. The work offers some examples of how to re-balance the existing economic powers with the problem of long-term financing for development in mind.
This book provides a brief history of the notion of development and related policies. Readers will find an overview of the main development notions and debates from 1950 to the 2015 Sustainable Development Goals. The author argues that sustainable development is equal to empowerment within a specific historical setting; development is a dialectic relationship between people's empowerment and the existing social and economic structures. The book examines some well-known growth theories from Harrod in 1939 to contemporary debates views about the role of the state and the market. Some major structural changes are also examined from economic growth in Asia to international finance: the author contends that contemporary issues on development can be better understood with the help of the founding fathers of economics, from the Mercantilist era to Marx. They help to understand the difficult relationship between development and market forces within different models of social and economicreproduction. The author contends that the main development challenge is that of building a global partnership in a system with enormous differences in economic powers and offers some examples of how to re-balance the existing economic powers particularly in trade and finance.
Presents a recent history of development theories and debates from 1950 to the present Presents a theoretical framework to discuss different issues related to growth, multifaceted development and power structures Stresses the role of economic powers and structures, paying particular attention to the issue of financialization Argues that development is a dialectic relationship between people's empowerment and the existing social and economic structures
Autor*in
Gianni Vaggi
Themen in »Development«
Developing countries Economic structures Sustainability Human development Asia Low-income countries Secular stagnation Labour market Social welfare Economic growth theories Solow Harrod Market efficiency hypothesis Millennium Development Goals Sustainable Development Goals