This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development.

There are often blanket claims that the world is facing more problems than ever but there is a lack of empirical data to show where things have deteriorated or in fact improved. In this book, some of the world's leading economists discuss ten problems that have blighted human development, ranging from malnutrition, education, and climate change, to trade barriers and armed conflicts. Costs of the problems are quantified in percent of GDP, giving readers a unique opportunity to understand the development of each problem over the past century and the likely development into the middle of this century, and to compare the size of the challenges. For example: how bad was air pollution in 1900? How has it deteriorated and what about the future? Did climate change cost more than malnutrition in 2010? This pioneering initiative to provide answers to many of these questions will undoubtedly spark debate amongst a wide readership.

This book looks at developmental pathways to poverty reduction that emphasize employment-centred structural change, social policies that both protect citizens and contribute to economic development, and types of politics that support economic transformation and participation of the poor in growth processes.

The author focuses on the research-policy nexus in development studies, highlighting reciprocal orientations and interactions between the domains of social research and of policy and politics. He looks at instances where these domains are complementary and geared towards common objectives, but also with others marked by opposing rationales.

Neopatrimonial analysts attribute the failure of development policies in Nigeria to entirely internal problems emanating from the personalization of state resources by rulers for their own benefits and as forms of patronage for securing the loyalty of clients. Based on elaborate theoretical and empirical analysis of development policies in Nigeria with special focus on development planning, this book argues that the neopatrimonial analysis is one-sided and does not adequately capture the fundamental factors responsible for the development malaise in the country. Understanding Nigeria's development problems entails looking beyond neopatrimonialism. The adverse effects of diffusionism that underlined development policies, and the associated external factors that fostered neocolonial dependence and peripheralization of Nigeria's economy are crucial for understanding and coming to terms with the development problem. This book makes a strong case for endogenous formulation of development policies and for the reformulation of the Nigerian state in order to make it more developmental.

Global Business Transcendence focuses on both empirical studies with practical application and examinations of theoretical and methodological developments in the field of business studies. By drawing on important research and case study material from contributors all over the world, this collection offers genuinely international perspectives on the key issues and concerns preoccupying policy and decision makers, bringing together chapters that examine international business strategies across emerged and emerging economies. The collection argues that country's borders are becoming less important from a trade perspective. We are thus quickly approaching a single global economy.

The most recent account of what is going on in the fast changing world and Chinese economics. Topics in the book include, economic development, banking and finance, education reform, consumption patterns, the impact of social networking, population dynamics, policy making, and the challenges ahead for the rising economic global superpower.

After more than a decade, it is increasingly apparent that the privatization experiment in sub-Saharan Africa has failed. This is even recognized by the World Bank, which has been largely behind the privatization movement. This book documents the growth in privatization in sub-Saharan Africa over the 1990s and 2000s, showing how numerous governments have attempted to attract investors. The book unpicks the theoretical and empirical arguments and shows how, despite calls for a new approach, the World Bank's position is largely unchanged.

This volume argues that while labour market reforms may be necessary in some specific cases, by no means are labour market policies the main explanation for the widespread increase in unemployment and underemployment across Asia and country specific studies undermine the case for across-the-board labour market reforms.

This volume is a timely addition to the emerging literature on the rise of China and India, focusing on how rapid economic growth and geopolitical changes in these countries are reshaping the world economy and global governance. It covers issues such as productivity, labor market, trade competition, and energy.

This book explores the changing face of development assistance. China's One Belt, One Road development program is the largest international investment scheme in history, surpassing the Marshall Plan by an order of magnitude. In 2017, a group of top scholars from Fudan, the London School of Economics, and other institutions like the Institute of Development Studies, Australian National University, and World Bank gathered to share findings and ideas about the nature of New Development Assistance. A compilation of their findings, this book will be of interest to NGOs, policymakers, and academics.

The globalized economy depends on local and context-specific factors. This edited volume addresses local-global nexuses via case studies of global interactions in developed and developing areas, and of particular firms' approaches to these issues. The chapters build up a prospectus on how best to create globally capable localities.

This book provides detailed insights into how space and its applications are, and can be, used to support the development of the full range and diversity of African societies, as encapsulated in the African Union's Agenda 2063. Like previous books in the "Southern Space Studies" series, it focuses on the role of space in supporting the UN Sustainable Development Goals in Africa, but it covers an even more extensive array of relevant and timely topics addressing all facets of African development. It demonstrates that, while great achievements have been made in recent years in terms of economic and social development, which has lifted many of Africa's people out of poverty, there is still much that needs to be done to fulfill the basic needs of Africa's citizens and afford them the dignity they deserve: to this end space is already being employed in diverse fields of human endeavor to serve Africa's goals for its future, but there is much room for further incorporation of space systems and data. Providing a comprehensive overview of the role space is playing in achieving Africa's developmental aspirations, the book is of great interest to both students and professionals in fields such as space studies, international relations, governance, social and rural development, and many others.

The research papers and cases in The Changing Dynamics of International Business in Africa provide multi-disciplinary insights on the opportunities and challenges of doing business in Africa, as well as on the changing competitive dynamics in the region, as Western, BRIC and African multinationals intensify their fight for market dominance.

The 21st century Latin American developmental welfare state model is based on a new public-private alliance, where state-led developmental social policy relies for its implementation mainly on proactive, emerging regional entrepreneurs and a growing middle class. This volume illustrates where innovative development strategy may be in the making.

Decentralization is changing the face of South East Europe. This book provides practical analysis of the devolutionary measures reshaping post-Communist economies. Decentralization of government to regional and local levels, in both is administrative and fiscal forms, has taken place to different extents in the countries of South East Europe and this book discusses the many factors and three main forms that make this so. Going through Europe's history, looking at religion and economical growth and understanding the politics of a nation under a Communist regime, this book analyses the extent and evolution of the decentralization and local development in South East Europe in the 1900s.

A credible central bank can effectively lead the process of financial sector reform in a developing country. This book discusses central banking issues and offers a clear path to building credible central banks in emerging economies.

Public-private partnerships are becoming increasingly important in the local economic development efforts of many cities. This collection of essays compares U.S. cities with those in western Europe. Conceptual issues are discussed, and comparisons at the city level illustrate the process, pitfalls, and results of such partnerships. Readers will be able to understand the types of partnership arrangements used in each country. Factors contributing to the success of these arrangements are discussed and compared. Scholars and students of local economic development and public finance, as well as public officials and economic development practitioners will benefit from the unique comparative framework used in this volume.

This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules and regulations during the last decade (2006-2014). For that purpose, the book uses legal/regulatory indicators from the World Bank's Doing Business Project (2015). The findings indicate that countries have actively reformed their legal systems during this period, particularly French civil law countries. A process of convergence in the evolution of legal rules and regulations is observed: countries starting in 2006 in a lower position have improved more than countries with better initial scores. Also, French civil law countries have reformed their legal systems to a larger extent than common law countries and, consequently, have improved more in the majority of the Doing Business indicators used. Second, the authors estimate fixed-effects panel regressions to analyze the relationship between changes in legal rules and regulations and changes in the real economy. The findings point to a lack of systematic effects of legal rules and regulations on economic and financial outcomes. This result stands in contrast to the widespread belief that reforms aiming to strengthen investor and creditor rights (and other market-friendly policies) systematically lead to better economic and financial outcomes.

Nothing could be more valuable than creating a new paradigm in economics, particularly in the field of agricultural development. A notable example is T. W. Schultz's (1964) thesis regarding "efficient but poor" small-scale farmers in low-income or developing countries. No less influential is Vernon Ruttan and Yujiro Hayami's thesis concerning the role of induced technical and institutional innovation; arguing that as the scarcity of a factor of production (e.g. labor) increases, technology that saves on the use of the factor is induced to develop, along with supportive institutions, including property rights systems, public-sector research and extension systems, and marketing institutions. In Chapter 2 of this volume, they note that "it became clear that the induced technical change theme could provide the structure needed to integrate a large body of theoretical and empirical research on agricultural development." In fact, their research provided a consistent and effective framework to analyze how markets, technology development and institutional changes interact to facilitate agricultural development. Their perspectives are wide, covering large geographical areas and a thorough analysis of the historical development of agriculture in the United States, Japan, and many other Asian countries. The book collects the most influential papers of Ruttan and Hayami in order to aid readers in understanding how these highly influential agricultural economists developed their perspectives.

This book describes the principles of integrated assessment models (IAM) for climate change economics and introduces various computable models for different development mechanisms under climate change governance. The authors present several new models they have constructed based on the RICE framework, specifically the MRICES((multi-factor RICE)) and EMRICES models, which incorporate global economic interactions into the RICE framework, and the CINCIA model, which describes technological advances and industrial structure evolution, introducing the mechanism of evolutionary economics. The models discussed in the book help governments and policy-makers tackle climate change and take positive measures on climate governance as well as promote economic and social development to narrow the gaps between countries.

This open access book asks why and how some of the developing countries have "emerged" under a set of similar global conditions, what led individual countries to choose the particular paths that led to their "emergence," and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.

This book takes a new approach on understanding causes of extreme poverty and promising actions to address it. Its focus is on marginality being a root cause of poverty and deprivation. Marginality is the position of people on the edge, preventing their access to resources, freedom of choices, and the development of capabilities. The book is research based with original empirical analyses at local, national, and local scales; book contributors are leaders in their fields and have backgrounds in different disciplines. An important message of the book is that economic and ecological approaches and institutional innovations need to be integrated to overcome marginality. The book will be a valuable source for development scholars and students, actors that design public policies, and for social innovators in the private sector and non-governmental organizations. "