How many businesses start-ups conduct some or all of their trade 'off-the-books'? And how many enterprises continue to do some of their work off-the-books once they are more established? What should be done about them? Should governments adopt ever more punitive measures to eradicate them? Or should we recognise this hidden enterprise culture and attempt to harness it? If so, how can this be done? What measures can be taken to ensure that businesses start-up in a proper manner? And what can be done to help those enterprises and entrepreneurs currently working off-the-books to legitimise their businesses? The aim of this book is to advance a new way of answering these questions. Drawing inspiration from institutional theory, informal sector entrepreneurship is explained as resulting from the asymmetry between the codified laws and regulations of a society's formal institutions and the norms, values and beliefs that comprise a society's informal institutions. The argument is that if the norms, values and beliefs of entrepreneurs (i.e., their individual morality) were wholly aligned with the codified laws and regulations (i.e., state morality), there would be no informal sector entrepreneurship. However, because the individual morality of entrepreneurs differs from state morality, such as due to their lack of trust in government and the rule of law, the result is the prevalence of informal sector entrepreneurship. The greater the degree of institutional asymmetry, the higher is the propensity to engage in informal sector entrepreneurship. This book provides evidence to show that this is the case both at the individual- and country-level and then discusses how this can be overcome. .

This book looks at the state of governance in countries of Developing Asia, ie, the poorer countries in the region and those with inadequate creditworthiness and with risk of debt stress. It assesses the state of public sector management and their attempts at governance reforms in these countries. It further considers the space for these countries to initiate and sustain reforms in a few key areas of public policy, including (i) generating more resources domestically; (ii) reforming the state-owned enterprises so that primarily governments do not lose a lot of resources in the form of subsidies; (iii) strengthening local governments so that services can be provided more effectively; and (iv) strengthening the agencies of government such that public sector functions, such as service delivery, are better and more effectively delivered. The book's main conclusion is that while countries in Developing Asia have had difficulties in instituting governance and public sector reforms, the scope for doing so has never been better.

The landlord and his emaciated labourer are symbolic of Indian agriculture. However, this relationship has now changed as large landowners have fallen from their superior position. This volume explores how this emblematic pair is becoming a thing of the past. Structural Transformation and Agrarian Change in India investigates whether family labour farms are gaining prominence as a consequence of the structural transformation of the economy. The authors work alongside Weberian methodology of ideal types and develop different types of family farms; among them family labour farms that rely mainly on family workers, contrasted with capitalist farms that depend on hired labour. Agriculture is shrinking as a part of the total GDP at the same time as agricultural labour is shrinking as part of the total labour force. The changing agrarian structure is explored with the use of unique long-term survey data and statistical models. Results show that India is approaching farm structures that are typical of East and South East Asia, with pluriactive smallholders as the norm. This book successfully criticizes popular narratives about Indian agricultural development as well as simplistic evolutionist, Marxist or neoclassical prognoses. It is of great importance to those who study development economics, development studies and South Asian economics.

The question of whether we can foster growth and innovation while promoting individual freedoms poses a challenge for everyone studying and working on innovation and development policies. Whilst innovation literature is largely dominated by a focus on efficiency, development literature tends to focus on equality and pays less attention to mechanisms fostering economic and social change. This book aims to move beyond these barriers and to identify development policies that foster both efficiency and equality, exploring the connection between innovation policies and the improvement of individual freedoms. Capabilities, Innovation and Economic Growth argues that we can answer these questions by focusing on the relation between Amartya Sen's human development approach and the Neo-Schumpeterian analysis of innovation systems. After considering the connections between the two schools of thought and the way they enrich each other's perspectives, chapters go on to show how policy can support virtuous circles in which innovation, human development and economic growth interact and mutually reinforce each other. This is undertaken through the descriptive analysis and the empirical testing of a sample of nations and European regions. The volume concludes with an exploration of the contribution that the capabilities approach can give to the design of innovation policy, and with the analysis of macroeconomic policies favorable to innovation and human development. This will be essential reading for: students and academic economists interested in development, growth and innovation; policy makers and officers in charge of defining development and innovation plans at national and regional level; and consultants and managers in development agencies implementing innovation and development projects.

Employment is a critical part of the macro-economy and a key driver of economic development. India's employment policy over the past three decades provides an important case study for understanding how government attitudes to the labour market contribute to an emerging economy's growth and development. This study contains important insights on the policy challenges faced by one of the world's most populous, labour abundant economies in securing employment in a context of structural change. The book considers India's approach to employment policy from a national and global perspective and whether policy settings promote employment intensive growth. Chapters in the first half of the volume evaluate India's approach to employment policy within the national and international context. This includes the ILO Decent Work program, the national agenda for inclusive growth, and national regulatory frameworks for labour and education. Chapters in the second half of the volume focus on how employment policy works in practice and its impact on manufacturing workers, the self-employed, women, and rural workers. These chapters draw attention to the contradictions within the current policy regime and the need for new approaches. Employment Policy in Emerging Economies will interest scholars, policy makers and students of the Indian economy and South Asia more generally. It will support undergraduate and postgraduate academic teaching in courses on economic development, global political economy, the Indian economy and global labour.

Interest in generally expanding the understanding of small and medium-sized enterprises, especially understanding their strategies and operations to enter international markets, is growing rapidly among researchers and academics globally. Government officials, regional and economic specialists, and international trade advisers are directly involved in assisting small and medium-sized enterprises in developing their international marketing expertise. Motivating SMEs to Cooperate and Internationalize consists of research studies, cases, and experiences obtained by researchers and academics from managers of small and medium-sized enterprises in Northern Europe as they worked closely with managers on issues and problems leading to internationalization of enterprises. This book will map not only the attempts of small and medium-sized enterprises in Northern Europe to enter foreign markets, but also to understand how researchers and academics can help small and medium-sized Northern European enterprisers achieve their objectives. This compilation of approaches, perspectives, and experiences will serve as a resource tool for researchers and academics active in international management training programs worldwide and help illustrate how to close the gap between publishing results of their findings and efforts to disseminate their findings among managers of small and medium-sized enterprises in their domains. This book is the first attempt to integrate results of research studies and practices as an illustration of how knowledge of small and medium-sized enterprises has evolved since the 1980s with the contributions of individual researchers and academics in Northern Europe. It will be of relevance to academics and researchers interested in working closely with small and medium-sized enterprises to meet their goals in entering international markets.

In this innovative collection, Oded Galor brings together some of the most influential contributions to the modern literature on income distribution and economic growth. Initially the essential volume analyses the importance of inequality and development, past and present. Further, it explores human capital formation, gender inequality, landownership, ethical division and political transitions. The editor has written an authoritative and lively introduction that provides a much-needed insight into this valuable field of study.

Children in poor countries are subjected to exploitation characterized by low wages and long hours of work, as well as by unclean, unhygienic and unsafe working and living conditions, and, more importantly, by deprivation from education, all of which hampers their physical and mental development. Child labour is a complex issue, and clearly it has no simple solution. This book sheds some understanding of its root causes. The book attempts to delve into many of the important theoretical aspects of child labour and suggests policies that could indeed be useful in dealing with the problem under diverse situations using alternative multisector general equilibrium models.

This volume provides a comprehensive and detailed socio-economic overview of agrarian distress in India which has manifested in the suicides of farmers and agricultural labourers. Using empirical research and field data from rural India, especially Punjab, this book examines the underlying causes of farmer suicide and steps which can mitigate the crisis. Covering nearly 1,400 rural households, the research in this volume identifies the various dimensions of the deepening crisis in agriculture and farming. It categorises the factors of the problem across different regions and estimates its extent and magnitude. In this updated edition the authors focus on instances of political mobilization and collective movements by farmers struggling to bring the issue of agrarian distress to attention. The book also discusses the implementation of state-waivered loans and compensations and their effect on the farming community. Topical, comprehensive and rich in data, this book will be valuable to scholars and researchers of political economy, agricultural economics, South Asian politics, political sociology and public policy.

The economic upturn and performance of Mauritius is a far cry from predictions made in the 1960s. The island's remarkable economic performance since the 1980s can been attributed to a multitude of factors instrumental to the success of the economy, including structural reforms, outward looking export orientated strategies, diversification in the manufacturing, tourism and financial services sectors amongst others, sound economic governance and institutions, and significant investment in human capital. This book attempts to provide a detailed analysis of the various key ingredients which have helped to propel Mauritius to its current status. The various chapters provide important readings for both academics and policymakers, with the final chapter providing key policy strategies which the government needs to implement to help Mauritius graduate to the next level of development: namely to that of a high-income economy and, in moving out of the middle-income trap, laying the foundations for future growth and shared prosperity in the light of both domestic challenges and global constraints.

Since the oil boom of the 1970s, the Gulf Cooperation Council States have attempted to achieve economic stability and realise their development goals. Such efforts have so far been in vain, however, as these states' autocratic governments have closed off their political systems with the support of international allies, especially the United States. In this timely and exhaustive analysis of the political economies of the GCC since the 1970s to the present, Yousef Khalifa Al-Yousef examines the factors responsible for the failure of the states to achieve lasting change in development and security. Focusing on institutional structures where oil wealth has been confined to the few, and the consequences of failed legitimacy at home that has led to dependence on foreign powers, Al-Yousef charts the consistent disparities between governance and the needs of the local population, to the detriment of genuine development.Al-Yousef concludes that the only way to ensure stability and growth in the region is to dismantle the alliance of autocracy, oil and foreign powers. Instead, democracy and reform are key to ensuring stability in the region.

Policy makers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What role, if any, remains for the state in promoting industrialization? Does openness worsen inequality, and if so, what can be done about it? What is the best way to handle turbulence from the world economy, especially the fickleness of international capital flows?

In "The New Global Economy and Developing Countries" Dani Rodrik argues that successful integration into the world economy requires a complementary set of policies and institutions at home. Policy makers must reinforce their external strategy of liberalization with an internal strategy that gives the state substantial responsibility in building physical and human capital and mediating social conflicts.

From a country plagued with chronic food shortage, the Green Revolution turned India into a food-grain self-sufficient nation within the decade of 1968-1978. By contrast, the decade of 1995-2005 witnessed a spate in suicides among farmers in many parts of the country. These tragic incidents were symptomatic of the severe stress and strain that the agriculture sector had meanwhile accumulated. The book recounts how the high achievements of the Green Revolution had overgrown to a state of this 'agrarian crisis'. In the process, it also brings to fore the underlying resilience and innovativeness in the sector which enabled it not just to survive through the crisis but to evolve and revive out of it. The need of the hour is to create an environment that will enable the sector to acquire the robustness to contend with the challenges of lifting levels of farm income and coping with Climate Change. To this end, a multi-pronged intervention strategy has been suggested. Reviving public investment in irrigation, tuning agrarian institutions to the changed context, strengthening of market institution for better farm-market linkage and financial access of farmers, and preparing the ground for ushering in technological innovations should form the major components of this policy paradigm.

Once recognised as a high-performing newly industrialising Asian economy with the potential for economic and developmental success similar to South Korea, Taiwan, Hong Kong and Singapore, Thailand's growth rate and competitive edge have declined substantially. With slower adoption and movement towards the knowledge-intensive industries, the loss of the competitive edge is a cause of growing concern among Thai policymakers, with Thailand succumbing to the middle-income trap. This book analyses Thailand's declining competitiveness in the past 50 years, considering both the national and sectoral roles and capabilities of key players, including the government, universities and research institutes, as well as the electronics, food, and automotive industries. Including comparative analyses with other Asian nations, this book is a must-read for both students and practitioners with interests in development economics, industrial economics and public policy.

How does culture shape history, and history shape culture? This book answers this question by bringing readers on a fascinating journey through the evolution of Chinese culture, political and legal institutions, and "national character" of historical and contemporary China. It illustrates how "national character" evolves endogenously along with an institutional environment through the use of economic theories. Recognizing the unique role of "personality" in violence and social order - important variables that contribute to successful economies, the book provides a meaningful take on "personality" from the "average personality" of a country's people. It analyses the relationship between culture, institution and "national character", providing gainful, interesting insights into the monumental transformation of China.

China's current social medical insurance system has nominally covered more than 95 per cent of 1.4 billion population in China and is moving towards the ambitious goal of universal health insurance coverage. Challenges posed by a rapidly ageing population, an inherently discriminatory design of the health insurance system, the disorder of drug distribution system and an immature legal system constrain the Chinese government from realizing its goal of universal health insurance coverage in the long run. This book uses a refined version of historical institutionalism to critically examine China's pathway to universal health insurance coverage since the mid-1980s. It pays crucial attention to the processes of transforming China's healthcare financing system into the basic social medical insurance system alongside rapid socio-economic changes. Financing Healthcare in China will interest researchers and government and think-tank officials interested in the state of healthcare reforms in China. Healthcare specialists outside of East Asia may also be interested in its general study of healthcare in developing countries. Scholars and students interested in the healthcare field will also find this useful.

This book explores what development banks, governments, and communities have learned in the last decade of careful negotiation between social and environmental protections in the Andean Amazon, and the pressures of a surging infrastructure and development boom. While mega-dams, highways, and ports are filling up the pipelines of planners, the national governments of Andean and Amazon-basin countries and major development banks have enacted ambitious social and environmental protections. The book traces the development of social and environmental protections after years of struggle by affected communities, going beyond official policies to discover how these reforms work in practice, and ultimately whether they are enough to stem the risks of infrastructure mega-projects. As Chinese public banks play an increasingly important role in the region, the book also demonstrates that there is a risk of governments undercutting their own standards. By contrast, this book shows that making infrastructure work for everyone involved requires mutually reinforcing networks of support and accountability among communities, governments, and development banks. This book, led by an expert multi-disciplinary, international team, will be of considerable interest to researchers in the fields of development and development economics, geography, anthropology, and ecology, as well as practitioners in development banks and in government regulatory and foreign aid agencies.

Omniconomics shows how we can make human society intrinsically sustainable, harmonically embedded in nature, with the help of a completely new approach in which traditional economics is transformed. Citing the fallacies of existing economic approaches as directly responsible for many of the environmental and social threats faced by society today, Niko Roorda presents a new, interdisciplinary science: omniconomics. This framework has its foundations in an innovative, joined-up approach, in which all aspects of the natural and social sciences are inextricably linked. It will better allow for new solutions to tackling urgent issues, including climate change, deforestation, environmental and economic inequality, dehumanization, and crumbling social cohesion. Inspiring new thinking, this book aims to: Inspire a public, scientific and political debate about the role of present-day economics, its status as no more than a protoscience, and the consequences for (inter)national policies and developments Stimulate independent, out-of-the-box thinking of students, graduates, politicians, leaders of society, and any member of the public who worries about the major present-day problems and the future Stimulate interdisciplinary research within universities towards the creation of an omniconomic science that will replace the discipline of economics and will become a genuine, mature science Challenge the readers to go beyond short- or middle-to-long term solutions such as the Sustainable Development Goals and circular economy: Omniconomics starts where Doughnut economics ends Encouraging the reader to rethink accepted economic approaches to deal with the present-day threats of global catastrophes, this book will be of great interest to students and scholars of sustainable development, sustainability economics and policies, as well as any practitioners working in related fields.

This book investigates how global business cycles impact the economies of developing countries. Global business cycles, the wave-like movements of economic expansion followed by contraction in aggregate economic activities, impact all economies comprising the global economy. The patterns being shown in developing countries correspond increasingly to those in the global north, and yet there is a relative dearth of studies exploring whether global business cycles exist and how they operate in developing economies. This book explores how cycles operate at the global and sub-global developing country levels, with a particular focus on the level of development and the structure of the economies. Drawing an important distinction between cycles and fluctuations, the book criticises mainstream conceptualisation and identification of cycle phenomena, and instead proposes an alternative conception and methodology for the identification of cycles. Along the way, the book also delves into the manufacturing and rise of China, and other potential competitors in the industrial arena, as increasingly important drivers of global cycles and global economic growth. This book will be an important read for researchers and upper-level students of development economics and international political economy.

Food crises have always tested societies. This volume discusses societal resilience to food crises, examining the responses and strategies at the societal level that effectively helped individuals and groups to cope with drops in food supply, in various parts of the world over the past two millennia. Societal responses can be coordinated by the state, the market, or civil society. Here it is shown that it was often a combined effort, but that there were significant variations between regions and periods. The long-term, comparative perspective of the volume brings out these variations, explains them, and discusses their effects on societal resilience. This book will be of interest to advanced students and researchers across economic history, institutional economics, social history and development studies.

The integration of post-socialist Central and Eastern Europe into the EU is one of the success stories of European development. The region has seen significant economic convergence, dramatic changes in socio-economic indicators and improvements in the natural environment. However, some challenges remain, such as political divergence, public governance issues and population demographics. This book identifies and analyses the key post-1990 developments across the New Member States at the sub-national and national levels, with frequent country-level and regional comparisons. Careful attention is paid to drawing out commonalities in development trajectories while appreciating each country's unique context. Drawing on the academic literature and illuminating empirical material, the broad range of topics discussed in the book paints a detailed picture of both change and stability in Central and Eastern Europe. It will be valuable reading for advanced students, researchers and policymakers in regional studies, European studies, human geography, political economy and transition economics.

China's War against the Many Faces of Poverty measures multidimensional poverty in China and deprivation related to income, education, health issues, living standards and social security. The book adopts a well-developed methodology using three different empirical datasets to analyse aspects of regional diversity across rural and urban and migrant populations of China. The book also analyses the links between development policies considered by the government and the various facets of poverty in light of rapid economic growth and addresses important policy implications. In the existing literature, in-depth research on multidimensional poverty in China is almost non-existent. This book is a pioneer study in this important field of research. With its innovative approach in concepts and methodologies and in its analysis of policy implications make this book a definitive and valuable addition to the literature.

Since the 1980s, China has worked to develop the technology commercialization capacity of its universities. Progress has occurred, but university technology commercialization remains on the periphery of Chinese economic development. Because university technology commercialization is predominantly a 'law-based' strategy, the authors examine whether China's legal system adequately supports such efforts. Since the law does not operate in isolation, the authors conduct their analysis through the lens of China's overall innovation system. This holistic approach enables the authors first to provide a more accurate analysis of the Chinese legal system's ability to support university technology commercialization and also to generate useful insights on the strengths, weaknesses and future of the country's commercialization efforts. One of the problems with analyzing inherently complex systems - like that of China's innovation system - is the need for expertise from a very broad range of disciplines. In that vein, Shaping China's Innovation Future employs a thorough analysis of a combination of factors including: the role of law and China's legal system; economic theory and the development of China's economy; China's educational, intellectual property, and financial systems; China's innovation capacity; and Chinese culture. Though the recommendations on how to improve China's technology commercialization system are unique for China, the scope of the research makes the conclusions found here applicable to other countries facing similar challenges. This unique analysis will be of significant interest to policymakers in China and other developing countries who are seeking to increase their level of technology-based economic development; academics studying China, China's legal system, university technology transfer, national innovation systems, entrepreneurialism, international intellectual property, or international economic development; and Chinese scientists and entrepreneurs and those wishing to work with them.

Throughout their lifetime, men and women are subject to a wide variety of risks, such as illness, accident, death, or less directly, unemployment, crop failure, loss of property, disability, business failure, and skill obsolescence.This book investigates the relationships between rural poverty, risk, and development. Building upon the author's work in the area, it summarises the contributions of recent theoretical and empirical work to our understanding of how risk affects rural poverty levels in developing countries. In particular the book examines what we do and do not know about risk coping strategies among today's poor rural societies. Ways in which these strategies may be re-examined and improved by governments and international organisations are proposed. Rural Poverty, Risk and Development is an important contribution to the development literature and should be read by anyone interested in exploring the causes of and solutions to poverty in rural areas.

This book looks back over the last forty years of change and development in Ecuador, showing how macro level changes have impacted families and workplaces on the local level. Traditionally a dependent economy reliant on agricultural exports, the impact of neoliberalism and new sources of income from oil have transformed the informal and artisanal sectors in Ecuador. Exploring these dynamics using a combination of micro and macro analyses, this book demonstrates how the social relations of the sector are connected to the wider social, economic and political systems in which they operate. The book dives into the links between micro-production and the wider economy, including the relationships between different types of artisanal enterprises and their customers, their connections to the private sector and the state, the importance of social networks and social capital and the relevance of finance capital in microenterprise development. Overall, the analysis investigates how artisans, entrepreneurs and family-based enterprises seek to protect their interests when faced with neoliberal policies and the impacts of globalisation. This remarkable longitudinal study will be of considerable interest to researchers of development studies, economics, sociology, anthropology, geography and Latin American Studies.