This book discusses the geopolitics of development from the point of view of the Global South. Written by scholars and development experts from Africa, Asia, and Latin America, this volume presents reflections on various historical, current, and future trajectories of development in the contemporary Global South. The book is divided into five parts. Part I focuses on the relationship of development in the Global South to globalization, discussing the diversity of situations across countries in structural terms. Part II critiques and analyzes the concept and paradigms of development, emphasizing alternative discourses and policy models. Part III focuses on the analysis of the relationship between environment and development, showing how environmental conditions have become a key factor in the renewal of development thinking. Part IV examines different cultural strategies and conceptions constituting the basis of development thinking and policy in different fields. Part V addresses the construction of knowledge pertaining to the Global South, revisiting the theoretical trajectory of development models and advocating for the construction of new ideas around the region. Providing a multidimensional look at development in the Global South, this volume will benefit academics, development experts, and postgraduate students interested in having a global vision of the ideas of development in different territorial and cultural fields.

The relationship between public investment and regional economic development is of perennial interest and is particularly topical now as issues of infrastructure and innovation are high on policy agendas in many countries. Public investment is often viewed as a possible method for 'jump-starting' lagging regional economies and also as a requirement for the continued development of more prosperous regions. Public Investment and Regional Economic Development provides a systematic analysis of the complex relationship between public investment and regional economic development. The authors offer new insights into the key issues of regional growth, and present a broad variety of perspectives ranging from transport and housing infrastructure through to human capital and innovation. With contributions from leading regional scientists, and each themed section of the book prefaced with an editorial introduction to ensure coherence, this illuminating book is sure to offer policymakers new research insights into key issues of regional growth. Academics and researchers of urban and regional planning, geography and economic development will also find the book of great interest.

This book surveys the current state of industry in sub-Saharan Africa and examines claims that Africa is de-industrialising. It focuses on the challenge for economic policy to find ways to reverse this trend. The contributors begin by analysing general issues relating to industrialisation in Africa, including the question of Africa's comparative advantage in industry, the role of small-scale enterprises and the scope for infant industry promotion. They then focus on issues such as: * evidence of de-industrialisation within Africa * comparative industrial performance between African countries and economies outside Africa * the role of regional trade integration * lessons to be learnt from industrialisation in East Asia * policies of major lending institutions towards industrial loans The authors then consider evidence from country studies including export performance in Nigeria, protection and transport costs in Uganda, public enterprises in Tanzania, enterprise reform in South Africa and the impact of free trade policies in Southern Africa. They find that the diversity of experience in the region and the complexity of the issues caution against accepting simple generalisations on African industrialisation. Industrial Development and Policy in Africa will be required reading for scholars of economic development and industrial economics.

Since the late 1980s, economic growth has again become a central topic in economic theorising. Recent endogenous growth theory has greatly contributed to the development of the field. Old and New Growth Theories analyses the most recent developments in the theory of economic growth and compares these to earlier theories. The book's originality is due in part to the assembly of contributions from scholars of different persuasions - some within the mainstream and others from Keynesian, Kaleckian and Sraffian traditions. The authors deal with a comprehensive variety of research topics including the key elements necessary to generate growth, the mechanisms of endogeneity of growth and technical change, the role of aggregate demand and of investment in physical and human capital. Economic policy issues are also considered. The book will be appreciated by scholars of economic growth, macroeconomics, classical and Keynesian economics as well as historians of economic thought.

This book clarifies how globalization, progress in the knowledge-based economy, and demographic change affect regional economic growth, using the latest analytical methods for economic growth. In the last 30 years, Asian countries have realized remarkable economic growth and are expected to become major growth centers of the world economy in the future. On the other hand, many researchers and policy makers point out that the Asian economy will face numerous challenges to sustain its growth. Specifically, globalization, realization of the knowledge-based economy, and population decline will bring about major changes in the structure of the Asian economy. This book provides the reader with the analytical framework to investigate how these structural changes affect regional economic growth. Moreover, the book covers topics such as foreign direct investment, quality of institutions, intergenerational conflict, education policies, and household fertility decision, all of which are comprehensively explained from the point of view of economic growth. Therefore, the scope of this volume is not only contemporary but also important for going beyond the usual regional economics and growth literature. This work is highly recommended to academic researchers and students who are interested in various aspects of regional economic growth.

This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.

The Theory of Economic Growth compares the main theories of growth from Adam Smith to the present day in order to isolate their logical structures, theoretical domains and methodological underpinnings. The book provides original solutions to theoretical questions still debated in contemporary literature and points out new directions for further research.The authors carry out a 'vertical' or in-depth analysis of the three main schools of thought; classical, Keynesian and neo-classical. They perform a 'horizontal' analysis of a wide range of items connected with growth theory, such as competition, technical change, division of labour, business cycles, the impact on environment, and the financial intermediation. Attention is also given to the evolutionary approach to economic growth. This book will be of great interest to scholars of economic growth, macroeconomics, and historians of economic thought.

This book addresses the role of cooperation, networks and institutions in the context of regional innovation systems. It emphasises the importance of these factors in the emergence of local innovation systems, using detailed examples of clusters which have reached different stages of maturity. The authors address the topic from an empirical, theoretical and political perspective, and highlight the local mechanisms which are involved in the development of innovation systems. They offer a comprehensive overview of different approaches in the field and present numerous case studies which stress the influence of networks and local institutions. Significantly, they also introduce several new approaches to regional innovation systems, including contributions which explicitly discuss the design and potential of policy measures to promote regional development. The policy recommendations are based on sound theorising which, in turn, is based on extensive empirical research. This book is a valuable addition to a complex and growing literature which offers new perspectives and insights on cooperation, networks and institutions, and their role in the development of local systems of innovation. The combination of empirical, theoretical and policy-oriented approaches will ensure this book is essential reading for academics and policymakers in the fields of regional economics, innovation research and economic geography.

An instant classic. --Arianna Huffington Will inspire people from across the political spectrum. --Jonathan Haidt Longlisted for the Porchlight Business Book of the Year Award, an essential shortlist of leadership ideas for everyone who wants to do good in this world, from Jacqueline Novogratz, author of the New York Times bestseller The Blue Sweater and founder and CEO of Acumen. In 2001, when Jacqueline Novogratz founded Acumen, a global community of socially and environmentally responsible partners dedicated to changing the way the world tackles poverty, few had heard of impact investing--Acumen's practice of "doing well by doing good." Nineteen years later, there's been a seismic shift in how corporate boards and other stakeholders evaluate businesses: impact investment is not only morally defensible but now also economically advantageous, even necessary. Still, it isn't easy to reach a success that includes profits as well as mutually favorable relationships with workers and the communities in which they live. So how can today's leaders, who often kick off their enterprises with high hopes and short timetables, navigate the challenges of poverty and war, of egos and impatience, which have stymied generations of investors who came before? Drawing on inspiring stories from change-makers around the world and on memories of her own most difficult experiences, Jacqueline divulges the most common leadership mistakes and the mind-sets needed to rise above them. The culmination of thirty years of work developing sustainable solutions for the problems of the poor, Manifesto for a Moral Revolution offers the perspectives necessary for all those--whether ascending the corporate ladder or bringing solar light to rural villages--who seek to leave this world better off than they found it.

Lance Taylor is widely considered to be one of the pre-eminent development economists in the world and is known for his work on development planning, macroeconomics of development, stabilization policy, and the global economy. He has also been the major force behind structuralist economics, which is seen by many to be a major alternative to orthodox development economics and policy prescriptions. The essays in this volume, written by well-known scholars in their own right, make contributions to each of these areas while honoring the contributions made by Lance Taylor. Professional economists, researchers and policy makers interested in development economics, political economy, global political economy and viable alternatives to mainstream thought will find this collection a valuable addition to their libraries.

This book is the result of a comparative investigation that contrasts micro-systems of innovation in several regions of China and Australia - two vastly different countries in terms of traditions, industry structures, political systems and economic organisation. Six regional studies comprehensively document the experiences of firms engaged in product or process innovation. The book also examines the institutions that support research and development and the impact of government policies on innovation in each of the regions studied. The case-studies present original and informative insights into the different ways in which local, national and transnational interests interact and influence regional development. These findings support the view that local innovation systems are emerging with quite different structural characteristics. The authors conclude that local, national and transnational dimensions are continually redefining and aligning themselves in novel and interesting ways. They highlight the importance of identifying these structural relationships in order to encourage dynamic innovation to occur. This, they argue, has important implications for policymakers concerned with the promotion of innovation in regional areas. Innovation, Technology Policy and Regional Development will be of great interest to those involved in research and policy in the fields of economic growth and employment, industrial economics and innovation.

The main theme of this study is the political economy of policy reform in less developed countries and post-socialist countries. Given the complexity of economic development and transition, Joachim Ahrens views failures in policy reform, poor public sector management, rent-seeking, corruption, and over-centralization as systematic, though not exclusive, instances of institutional failure. This interdisciplinary study looks for ways of constructing effective market-enhancing governance structures that provide appropriate incentive systems to cope with such failures. No blueprint is offered, but the book provides a conceptual governance framework that can be applied in a comparative way to analyze economic, political, and social obstacles to policy and institutional reform. The concept is not only used to analyze the politico-institutional foundation of policy reform in East Asia and Eastern Europe, but it also allows to elaborate country specific strategies to craft institutional safeguards that help overcome impediments to development and transition. This innovative book, which overcomes the conventional perspective of a government-market dichotomy, will be of interest to researchers, students, policymakers and all those concerned with the impact of the dialectic interaction between political and economic forces on economic development.

Visions of Development is a path-breaking and original volume, examining concepts and perceptions of human development through a unique synthesis of empirical and philosophical work. The author builds on the foundations of Sen and Nussbaum's capability approach, now at the forefront of development studies. The book aims to identify and clarify academic concepts of development, to consider how poor people themselves perceive 'development' and confronts abstract concepts of development with the views of ordinary people. It represents the first systematic attempt to construct a development ethic (list of valuable capabilities) that is based directly on the values and experiences of the poor. David Clark considers the case for viewing development in terms of the expansion of human capabilities instead of some narrow conception of utility or opulence; and develops a non-paternalistic methodology for forging a development ethic that can respect the values of all people. He then proceeds to develop an account of human development based on the perceptions of people living in both rural and urban locations in South Africa - Murraysburg and Wallacedene respectively. A multidisciplinary and accessible text, this challenging book will appeal not only to scholars and researchers in development economics but also economic geographers, social scientists and political economists. It will also be of great interest to policymakers and practitioners.

Business systems undergo a number of transitions as the needs and demands of society change. With heightened connectivity driven by the development of the Internet, new opportunities for venture development and creation have become available to business owners and entrepreneurs.Crowdfunding for Sustainable Entrepreneurship and Innovation is a pivotal reference source for the latest scholarly research and business practices on the opportunities and benefits gained from the use of crowdfunding in modern society, discussing its socio-economic impact, in addition to its business implications. Featuring current trends and future directions for crowdfunding initiatives, this book is ideally designed for students, researchers, practitioners, entrepreneurs, and policy makers.New financing models such as crowdfunding are democratizing access to credit, offering individuals and communities the opportunity to support, co-create, contribute and invest in public and private initiatives. This book relates to innovation in its essence to anticipate future needs and in creating new business models without losing revenue. There are tremendous unexplored opportunities in crowdsourcing and crowdfunding; two sides of the same coin that can lead to a revolution of current social and economic models. The reading of this book will provide insight on the changes taking place in crowdfunding, and offer strategic opportunities and advantages.

This volume presents an account of how people in sub-Saharan Africa have fared under changing life circumstances of the past centuries until the present. By introducing the geography of the region it traces a time line of different historical periods that have shaped livelihoods of ordinary people of the region, and addresses the major milestones in political and economic development. It focuses on social indicators pointing to significant changes that have affected the health, education and wealth of sub-Saharan Africans and their outlook on the future since the wind of change blew through the region. With case studies and vignettes the book highlights how individual citizens across the 44 different countries of sub-Saharan Africa experience well-being and express their aspirations for the future. This book provides relevant material for practitioners and policy makers, including community and development workers, in non-governmental and other organizations in sub-Saharan African countries.

This book aims to define comparative economics and to illustrate the breadth and depth of its contribution. It starts with an historiography of the field, arguing for a continued legacy of comparative economic systems, which compared socialism and capitalism, a field which some argued should have been replaced by institutional economics after the fall of the Berlin Wall. The process of transition to market capitalism is reviewed, and itself exemplifies a new combination of comparative analysis with a focus on institutional development. Going beyond, chapters broadening the application of comparative analysis and applying it to new issues and approaches, including the role and definition of institutions, subjective wellbeing, inequality, populism, demography, and novel methodologies. Overall, comparative economics has evolved in the past 30 years, and remains a powerful approach for analyzing important issues.

This important Handbook on international development policy and management covers a broad spectrum of contemporary topics across all the major areas of interest. With over 40 chapters, the book comprehensively explores the many themes and issues of significance for both policy and implementation, and provides easily accessible reference material on current practice and research. The 42 contributors come from a diverse range of backgrounds, and enjoy international reputations in their chosen fields. The Handbook is organised in two parts, one dealing with policy issues and the other with implementation and management issues. The first part, on policy, covers a wide range of economic, social and environmental topics. The second part explores the political context of implementation and development practice and goes on to cover a range of issues relating to management in the public and non-state sectors and the management of development projects. Each individual chapter provides background information on theory and practice, describes the current 'state of play', examines prospects for the future and includes an annotated guide to further reading. This extensive handbook will become an essential reference on international development policy and management. Although primarily designed for postgraduate students and scholars of development studies, it will also be welcomed by development practitioners, NGOs and aid agencies.

The past two decades have seen a process of almost continuous reform in public management in developed countries and a renegotiation of traditional relationships between state, economy and society. These changes have been expressed through privatization, civil service reductions and restructuring, the introduction of market-type mechanisms to improve the delivery of public services, the construction of new forms of partnership between state and non-state organizations, and new types of regulation and accountability. In turn, these public management reforms have, in a variety of ways, been transferred to the state systems of developing and transitional economies. The Internationalization of Public Management constitutes one of the first attempts to examine the conceptual and practical problems which attend such policy transfers, and to make preliminary judgements about the successes and failures of public management reform in developing countries. The distinguished group of contributors offers instructive insights into the complex reality of the development state. Both academics and postgraduate students within the areas of politics and governance, public sector management and development studies will find this book essential reading. Practitioners in these fields, especially within aid agencies and research institutions, will also find the book contains valuable lessons and conclusions.

As pillars of the post-1945 international economic system, the International Monetary Fund (IMF) and the World Bank are central to global economic policy debates. This book examines policy change at the IMF and the World Bank, providing a constructivist account of how and why they take up ideas and translate them into policy, creating what we call policy norms'. The authors compare processes of policy emergence and change and, using archival and interview data, analyse nine policy areas including gender, debt relief, and tax and pension reform. Each chapter traces the policy norm process in order to shed light on the main sources and mechanisms for norm change within international organisations. Owning Development details the strength of these policy norms which emerge, then either stabilise or decline. The book establishes valuable insights into the strength of current development policies propounded by international organisations and the possibility for change."

The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.

This concise book, by one of the leading scholars in development economics, has been developed from a series of lectures given to masters students and will serve as an excellent introduction to the principles of growth and development theory. The author presents conventional wisdom with a critical eye and charts development economics as it has evolved from Adam Smith to 'new' or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory. He argues that in an open developing economy one of the major constraints is the availability of foreign exchange to pay for imports, so that export growth which relaxes a balance of payments constraint on demand becomes a crucial determinant of overall growth performance. Demand creating its own supply in a growth context, rather than the pre-Keynesian view of supply creating its own demand, provides an alternative framework to the neo-classical one for understanding the differential growth performance of nations. This highly original book will be essential reading for all students and scholars of development and growth economics.

The effects of globalization on poverty and inequality are a key issue in contemporary international politics, yet they have been neglected in international relations and comparative politics literatures. Arie M. Kacowicz explores the complex relationships between globalization and the distribution of wealth as a political problem in international relations, analyzing them through the prism of poverty and inequality. He develops a political framework (an 'intermestic model') which captures the interaction between the international and the domestic domains and explains those effects with a particular emphasis upon the state and its relations with society. He also specifies the different hypotheses about the possible links between globalization and the distribution of wealth and tests them in the context of Latin America during the years 1982-2008, with a particular focus on Argentina and the deep crisis it experienced in 2001-2.