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Books > Business & Economics > Economics > Development economics
Externally-promoted institutional reform, even when nominally
accepted by developing country governments, often fails to deliver
lasting change. Diasporans-immigrants who still feel a connection
to their country of origin-may offer an In-Between Advantage for
institutional reform, which links problem understanding with
potential solutions, and encompasses vision, impact, operational,
and psycho-social advantages. Individuals with entrepreneurial
characteristics can catalyzing institutional reform. Diasporans may
have particular advantages for entrepreneurship, as they live both
psychologically and materially between the place of origin they
left and the new destination they have embraced. Their
entrepreneurial characteristics may be accidental, cultivated
through the migration and diaspora experience, or innate to
individuals' personalities. This book articulates the diaspora
institutional entrepreneur In-Between Advantage, proposes a model
for understanding the characteristics and motivational influences
of entrepreneurs generally and how they apply to diaspora
entrepreneurs in particular, and presents a staged model of
institutional entrepreneur actions. I test these frameworks through
case narratives of social institutional reform in Egypt, economic
institutional reform in Ethiopia, and political institutional
reform in Chad. In addition to identifying policy implications,
this book makes important theoretical contributions in three areas.
First, it builds on existing and emerging critiques of
international development assistance that articulate prescriptions
related to alternative theories of change. Second, it fills an
important gap in the literature by focusing squarely on the role of
agency in institutional reform processes while still accounting for
organizational systems and socio-political contexts. In doing so,
it integrates a more expansive view of entrepreneurism into extant
understandings of institutional entrepreneurism, and it sheds light
on what happens in the frequently-invoked black box of agency.
Third, it demonstrates the fallacy of many theoretical frameworks
that seek to order institutional change processes into neatly
definable linear stages.
Oil Booms and Business Busts looks at how government policymaking
shapes a puzzling phenomenon in economic development-the "curse" of
natural resources. It investigates how oil and mineral wealth
shapes a government's policies toward the business environment,
entrepreneurs, and innovative activities. Other similar work either
ignores the role of government policymaking in oil wealth, treats
it as another effect of the rentier state, or dismisses it as
illogical and incoherent. One might expect that in light of such
abundances governments would encourage entrepreneurship and new
businesses to compete and grow in the market, but Nimah Mazaheri
shows that resource wealth instead incentivizes policymakers to
focus on satisfying the interests of existing elites. They, more
than oil-poor nations, institute barriers that impede the
activities of domestic firms and entrepreneurs, with the result
being unimpressive economic performance over the past half-century.
This is the first book to examine how oil wealth affects non-elite
actors who own the small and medium-sized firms that absorb a
majority of the economic and labor force of these countries.
Looking at two of the most important oil-producing countries in the
world, Iran and Saudi Arabia, the book provides an original theory
about the factors that shape a logic of policymaking in oil
producing states. To extend his theory Mazaheri also looks at
India, which is one of the world's main coal producers. He does
this to show the effects of the gain and loss of a massive resource
windfall on state policymaking toward the private sector.
Ultimately Mazaheri argues that such policymaking impedes the
development of a middle class and therefore democratization-a
factor that can have overarching political repercussions for
governmental stability.
Since the mid-2000s, India has been beset by widespread farmer
protests against land dispossession. Dispossession Without
Development demonstrates that beneath these conflicts lay a
profound shift in regimes of dispossession. While the postcolonial
Indian state dispossessed land mostly for public-sector industry
and infrastructure, since the 1990s state governments have become
land brokers for private real estate capital. Using the case of a
village in Rajasthan that was dispossessed for a private Special
Economic Zone, the book ethnographically illustrates the
exclusionary trajectory of capitalism driving dispossession in
contemporary India. Taking us into the lives of diverse villagers
in "Rajpura," the book meticulously documents the destruction of
agricultural livelihoods, the marginalization of rural labor, the
spatial uneveness of infrastructure provision, and the dramatic
consequences of real estate speculation for social inequality and
village politics. Illuminating the structural underpinnings of land
struggles in contemporary India, this book will resonate in any
place where "land grabs" have fueled conflict in recent years.
While the depth and sophistication of South Africa’s financial and capital markets are lauded by indices the world over, South Africa is also considered to be the most unequal society in the world. The Economy On Your Doorstep probes the reasons for this tragic paradox of South African life and tries to go through and beyond the graphs, margin calls, trading updates, indices and earnings reports to explain how economic ‘actions’ frame the lives of South Africans in a transitional society faced with the challenges of unemployment, poverty and inequality.
The economy is and always has been primarily about ‘people’. How they live, what they produce, under what conditions and what social, political and environmental factors influence decisions of consumption, investment and distribution – and how they act under conditions of uncertainty, scarcity, need and crisis. After all, economies are about people coming together to produce, exchange, distribute and consume goods and services that emerge from their communities and those of others. How and under what conditions can we ensure the expansion of our productive forces, while expanding access to the base of assets, services and support that allow for the social reproduction of our entire society and workforce?
Ayabonga Cawe outlines some key areas that can and should define a policy agenda towards a ‘people’s economy’ in South Africa and the long-term objectives of such a policy programme, and engages with the political economy of 21st century South Africa through an analysis of a few selected areas of the economy and the implications of this for policy action. This is what this book is about – an exposition of what we see around us and an explanation and discussion of possible ways beyond it.
In this well-researched book, Ayabonga Cawe, a development economist, columnist and broadcaster, makes sense of the post-apartheid political economy through the lives of the many people who live and survive in it every day.
An accessible overview of the fourth industrial revolution (4IR) and the impact it is set to have on various sectors in South Africa and Africa. It explores the previous industrial revolutions that have led up to this point and outlines what South Africa’s position has been through each one.
With a focus on artificial intelligence as a core concept in understanding the 4IR, this book uses familiar concepts to explain artificial intelligence, how it works and how it can be used in banking, mining, medicine and many other fields.
Written from an African perspective, Closing the Gap addresses the challenges and fears around the 4IR by pointing to the opportunities presented by new technologies and outlining some of the challenges and successes to date.
The African Union's Agenda 2063 is ambitious. It advocates for,
among others: equitable and people-centred growth and development;
eradication of poverty; creation of infrastructure and provision of
public goods and services; empowerment of women and youth;
promotion of peace and security, and the strengthening of
democratic states, and creating participatory and accountable
governance institutions. New African Thinkers: Agenda Africa, 2063
presents the thinking of emerging scholars on these critical issues
- those on whose shoulders the responsibility rests for taking this
agenda forward. The book will be an essential reference for
researchers and educators who are interested in Africa's
developmental path as designed in the Agenda 2063.
In 1996, the Argentine government authorized the use of genetically
modified (GM), herbicide-resistance soybean seeds. By the
mid-2000s, GM soybeans were cultivated on more than half of the
arable land in Argentina and represented one-fourth of the
country's exports. While this agricultural boom has benefitted
agribusiness companies and fed tax revenues, it also has a dark
side: it has accelerated the deforestation of native forests,
prompted the eviction of indigenous and peasant families, and
spurred episodes of contamination. In Soybeans and Power, Pablo
Lapegna investigates the ways in which rural populations have coped
with GM soybean expansion in Argentina. Based on over a decade of
ethnographic research, Lapegna reveals that many communities
initially resisted, yet ultimately adapted to the new agricultural
technologies forced upon them by public officials. However, rather
than painting the decline of the protests in an exclusively
negative light, Lapegna argues that the farmers played an active
role in their own demobilization, switching to tactics of
negotiation and accommodation in order to maneuver the situation to
their advantage. Lapegna offers a rare, on the ground glimpse into
the life cycle of a social movement, from mobilization and protest
to demobilization and resigned acceptance. Through the case study
of Argentina, a major player in the use and export of GM crops,
Soybeans and Power gives voice to the communities most adversely
affected by GM technology, as well as the strategies that they have
enacted in order to survive.
Why are some countries better than others at science and technology
(S&T)? Written in an approachable style, The Politics of
Innovation provides readers from all backgrounds and levels of
expertise a comprehensive introduction to the debates over national
S&T competitiveness. It synthesizes over fifty years of theory
and research on national innovation rates, bringing together the
current political and economic wisdom, and latest findings, about
how nations become S&T leaders. Many experts mistakenly believe
that domestic institutions and policies determine national
innovation rates. However, after decades of research, there is
still no agreement on precisely how this happens, exactly which
institutions matter, and little aggregate evidence has been
produced to support any particular explanation. Yet, despite these
problems, a core faith in a relationship between domestic
institutions and national innovation rates remains widely held and
little challenged. The Politics of Innovation confronts head-on
this contradiction between theory, evidence, and the popularity of
the institutions-innovation hypothesis. It presents extensive
evidence to show that domestic institutions and policies do not
determine innovation rates. Instead, it argues that social networks
are as important as institutions in determining national innovation
rates. The Politics of Innovation also introduces a new theory of
"creative insecurity" which explains how institutions, policies,
and networks are all subservient to politics. It argues that,
ultimately, each country's balance of domestic rivalries vs.
external threats, and the ensuing political fights, are what drive
S&T competitiveness. In making its case, The Politics of
Innovation draws upon statistical analysis and comparative case
studies of the United States, Japan, South Korea, China, Taiwan,
Thailand, the Philippines, Argentina, Brazil, Mexico, Canada,
Turkey, Israel, Russia and a dozen countries across Western Europe.
With a GDP that just reached $2.6 trillion, India is poised to
become the world's third largest economy in less than a decade. In
doing so, it will have moved one step closer to reclaiming its
pre-industrial glory when it accounted for one-sixth of the global
output and ranked second in economic size. This rapid movement in
the absolute size of the economy will be insufficient, however, to
bring prosperity to India's vast population. Today, 44% of the
country's workforce remains in agriculture and another 42% in small
enterprises with fewer than twenty workers. Labor productivity of
both sets of workers remains low and they live overwhelmingly on
subsistence-level incomes. In New India: Reclaiming the Lost Glory,
Arvind Panagariya outlines a concise strategy to transform India
from a primarily rural and agricultural economy to an urban and
industrial economy with well-paid jobs for those with limited
skills. Panagariya argues that the creation of good jobs requires
the emergence of medium and large enterprises in industry and
services, especially labor-intensive sectors such as apparel,
footwear, and other light manufactures. He explains that India
needs policies conducive to the growth of firms from small to
medium, medium to large, and large to larger still. Such policies
include greater outward orientation; more flexible land, labor, and
capital markets; concerted effort to improve the quality of higher
education; faster urbanization; and improved governance at all
levels. Written by a preeminent authority on the Indian economy,
New India: Reclaiming the Lost Glory provides a data-driven and
persuasive roadmap for India to eliminate abject poverty,
accelerate economic growth, and return to its historically
prominent position in the global economy.
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