The fifth edition of The Process of Economic Development offers a thorough and up-to-date treatment of development economics. It has been extensively revised throughout, reflecting the most recent developments in research and incorporating the latest empirical data, as well as key theoretical advances and many new topics. The world has seen vast economic growth in China, economic transformation in India, new challenges in Latin America, rapid economic progress in Southeast Asia, and the deepening impact of environmental issues such as climate change. This new edition addresses all these critical issues as well as the pivotal role of the state, where China's capacity is contrasted with that of African states. Transnational corporations' reliance on low-wage manufacturing and labor arbitrage is featured in the book. Agricultural policy-extensively explored-remains crucial, as does the promotion of industrialization. This fifth edition offers a 'state-of-the-art' analysis of these essential themes and many others. Numerous case studies and issue focuses have been integrated with sundry central topics. Neoclassical theories and applications, including a timely exploration of behavioral economics, are both rigorously and accessibly explicated. Cypher's comprehensive account remains the development economics text par excellence, as it takes a much more practical, hands-on view of the issues facing the developing countries than other, overly mathematical texts. This book is unique in its scope and in the detailed attention it gives to a vast range of ideas, including pioneering developmentalist and heterodox formulations. Distinct institutional structures are examined within their historical contexts. This landmark text will continue to be an invaluable resource for students, teachers, and researchers in the fields of development economics and development studies.

1. This book explores the diversity of Africa's cultural heritage, analyses how and why this heritage has been managed and considers the factors that continue to influence management strategies and systems throughout the African continent. 2. This book includes contributions from a cast of prominent scholars and heritage professionals working across Africa. 3. This book examines the ideological influence of independence movements on the African continent's management and remembering of heritage. 4. This will be essential reading for those engaged in the study of museums and heritage, development, archaeology, anthropology, history and African studies. It will also be of interest to heritage and museum professionals who wish to learn more about the issues of decolonisation of heritage.

This book describes and analyzes the transformation of Indian economy taking into account historical changes and present dynamics of the rural-urban nexus. India has recently experienced a period as a high-performing economy, with the great improvement of indices of human development, including literacy rates, life expectancy, child mortality rates and others. In contrast to this bright outlook, features such as the retarded growth of women's average height, the noticeable gap between male and female population, the overwhelming proportion of informal employment in the manufacturing sector, or increasing pollution overshadow India's future, in some cases pose a threat to lifestyle and environment. Examining the rural-urban nexus where the new transformative dynamics of Indian socio-economy is most conspicuous, the contributors to this book shed light on the actual changes taking place at the bottom of Indian society through regional comparisons and spatial differentiation. The book offers unique perspectives on the topic produced mostly by Japanese scholars, including analysis of original data, that have hitherto been unavailable and inaccessible to an international audience. As the first book published on the rural-urban nexus in India, this book will be of interest to researchers studying South Asian History, Economics, Politics, Geography, Sociology and Anthropology, Development Studies and Economic History.

The characteristics, nature, determinants, and size of the informal economy differ from country to country. While much research has been carried out in the context of advanced economies, less attention has been given to developing countries, especially those in the Organisation of Islamic Cooperation (OIC) nations. This is one of the first books to investigate Islamic finance's stance on the informal economy and to discuss it from an OIC perspective. It covers the various definitions, historical development, types, and determining factors behind the shadow economy and the reasons for people's preference to join and stay in the informal economy. Similarly, different theories are discussed in detail, thus providing a deeper understanding of the subject matter. The book examines the indicators of the informal sector, such as unemployment, regulation, and taxation, and the effect of financial development and the role of financial inclusion in informal economy in the case of OIC countries compared to non-OIC countries. It defines the main features of the informal economy and discusses their implications for policy formation and implementation. Additionally, the author provides guidance on Islamic finance's role in the informal economy and offers policy recommendations in order to bring more people into the formal economy. The book presents deep and specialist knowledge on the shadow economy as well as facts and figures pertaining to OIC countries, and, as such, will open the door for future research in this important but understudied field, especially from an Islamic finance angle. It can be used as a comprehensive guide for students, academics, and researchers of Islamic studies, development economics, political economy, public policy, law, sociology, and anthropology.

Bringing the study of international inequality back into the core of sociological theory, this book offers a user-friendly introduction to development and underdevelopment. In doing so, it places various approaches to the definition, measurement, and understanding of "development" against the backdrop of broader sociological debates. Schrank draws concrete examples from different regions and epochs to explore sociological thinking about development and underdevelopment informed by the latest currents in economic sociology. Across a series of chapters, he identifies relationships between mainstream and Marxist approaches to the study of international inequality; uses classical and contemporary social theory to develop a parsimonious typology of national development outcomes; addresses cross-border learning and diffusion in light of the latest developments in organization theory; considers the roles of religious, racial, and gender identities in the development process in different places and times; and portrays contemporary global challenges - such as populism, pandemics, and climate change - as distinctly sociological problems in need of multifaceted solutions. Enriched with expository figures, tables, and diagrams, this accessible book simultaneously distills and develops the sociological approach to the study of development and underdevelopment for both undergraduate and graduate students across the social sciences.

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.

This book offers an in-depth insight into the Indian concept of swaraj--self-rule--both in theory and practice and posits it within the larger context of development. It opens by discussing the limitations of prevailing sustainable development paradigm as well as other heterodox development paradigms in achieving a sustainable and equitable future. Further, it constructs development theory around the idea of swaraj, based on the writings of M K Gandhi and J C Kumarappa. The swaraj development vision weaves in the morality of the greatest good of all, political decentralisation, and economic self-sufficiency as important elements to achieve an exploitation-free social order that ensures more control for individuals over their lives. It reveals sustainability and equality as inherent features of such a non-violent social order. The book then provides an introduction to the khadi--handspun and handwoven textile--sector, which is taken as a case study to demonstrate the swaraj development approach. The use of this sector helps readers to get a snapshot of the efforts that have been made since the time of Gandhi and Kumarappa towards the attainment of swaraj. Importantly, the khadi section highlights the method of translating theory into practice based on the unique three-pronged approach of the swaraj development paradigm. By showcasing how to establish swaraj within the khadi sector, the author offers insights into how it can be replicated for attaining a sustainable and equitable world. The book will appeal to scholars and researchers in the fields of Gandhian studies and development studies.

Any enquiry into the nature, performance, role, demerits, growth, efficiency, or other aspects of financial services such as banking and insurance activities, requires rigorous estimates of their economic output, i.e., the economic contributions made by these firms, as well as by the industries as a whole. Accordingly, this book condenses several theoretical, methodological, empirical, and philosophical issues in conceptualizing, measuring, and empirically operationalizing the economic output of the banking and insurance industries. The analytical focus is on both Global and Emerging Markets perspectives. The book synthesizes applied and conceptual evidence to locate the chosen theme's analytical patterns, consensus, and disagreements. The selected subject matter is studied within the firm-level and aggregate settings, bringing literature of varied scopes together. Contributions from various international academics, practitioners, and policymakers further enrich the narrative. The book concludes with data-driven case studies that analyze the extent to which the critical performance parameters of the banking and insurance industries in the BRIICS economies - including estimation of aggregate industry-level partial factor productivities, total factor productivity, technical efficiency, and returns to scale - vary concerning alternate measures of their output. The present work also provides a brief note on the inputs measurement dimension, following which there is a discussion on the limitations, future scope, and conclusions. This work will be valuable for researchers and policymakers undertaking performance analyses related to banking and insurance activities. It shall provide them with the examination of a plethora of analytical options and related issues on the theory and praxis of output measurement, all finely organized into one single volume.

Stories and narratives are powerful tools for explaining the world around us. This book explores storytelling as a way of engaging audiences with sustainable development issues and reflects on the opportunities and limitations of storytelling for sustainability as an innovative approach to sustainability communication. Bringing together voices and perspectives from research and practice, this volume explores the ways in which storytelling can support change toward sustainability. Unlike other anthologies, the book first provides a sound scientific basis by unfolding the storytelling approach and presenting empirical studies on its impact on effects. It clarifies important terms and presents recent findings on the impact of storytelling on sustainability from an extensive 3-year research project on this question. The second part shows how storytelling can be used in different fields of practice to communicate sustainability in more engaging and effective ways. Here, the main focus is on not only case-based accounts of positive change, but also tensions, arising from the application of storytelling for sustainability in journalism, higher education, corporate communication, or science communication. Combining theory with practical examples, this innovative book will be a great resource for students and scholars of environmental communication and sustainable development, as well as professionals working in related fields.

Based on extensive original fieldwork, this book examines the complex and diverse livelihoods of Zimbabwe's Tonga people as they have developed over time, including in the wake of the country's post- 2000 political and economic crises. Despite being endowed with natural resources, the northwest region of Zimbabwe inhabited by the Tonga people is one of the most marginalised and underdeveloped parts of the country, neglected by both colonial and postcolonial governments. The Tonga- speaking people are a minority ethnic group that settled on either side of the Zambezi River around 1100 AD and remain deeply dependent on the river for their socio- economic livelihoods. This book reflects on the challenges faced by the Tonga people, from poor infrastructure, health and education facilities, to the issues caused by soil infertility and extremely low rainfall, which have been exacerbated by climate change. Many Tonga people were displaced by the construction of the Kariba Dam in the 1950s, and their access to the region's natural resources has been restricted by successive governments. Showcasing the research of Zimbabwean scholars in particular, this book not only reflects on the vulnerabilities faced by the Tonga, but it also looks beyond these, to the livelihood practices that are thriving despite these challenges, and the ways in which livelihoods intertwine with Tonga culture and society more broadly. Overall, this book highlights the resilience of the Tonga people in the face of years of politico- economic crisis and will be an important contribution to research on livelihoods, ethnic minorities and rural development in Africa.

Neoliberal economic reforms over the last four decades have altered the economic cartography of emerging market economies such as India, particularly in the context of international trade, investment and finance, and in terms of their effects on the real economy. This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The major questions answered by this book, cover three basic lines of enquiry pertaining to neoliberal reforms. They are (a) how financialization as a new process affects the real economic health of emerging market economies characterized by globalization; (b) how the changing form of international trade in the new regime impacts upon the informal economy, and employment and trade potential in the home country; and (c) how global investment has shaped the real economy in emerging countries like India. The book will be extremely useful for postgraduate students of international economics, particularly development economics and political economy, including researchers with a keen interest in India.

This book offers a diverse set of perspectives on the current state of Taiwan's economy and international relations, equally considering the challenges and opportunities that could forge Taiwan's future. Featuring a range of interdisciplinary approaches, this edited volume has been written by some of the leading scholars on Taiwan's economy and international relations, as well as emerging scholars and writers with practical diplomatic, political, and civil society experience. Contributors cover themes from political economy and international relations to gender studies and civil society-led LGBT diplomacy. Readers will benefit from chapters outlining both the historical overview of Taiwan's development and more recent developments, with several chapters offering focused case studies into Taiwan's economy and international space. A balanced set of conclusions are reached, affording scope for both optimism and pessimism about Taiwan's prospects. Taiwan's Economic and Diplomatic Challenges and Opportunities will appeal to students and scholars of international relations, economics, and Taiwan studies.

There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.

This book argues for a broader approach to sustainable growth in Small Island Developing States (SIDS). Small island states such as those in the Caribbean, Indian Ocean and South Pacific face significant and growing threats from climate change, increasing political and social volatility, and rapidly evolving global trends in technology and tourism. Based on ten years of research, this book looks beyond the Blue Economy of tourism and fisheries and provides a model of how creative industries, innovation networks, creative clusters and digital transformation can give SIDS the foundation for a strong sustainable future. The book provides not only insights into how these emerging digital-creative sectors can drive developing economies but also actionable tools for policy makers, entrepreneurs and academics to deliver increased performance on the United Nations Sustainable Development Goals and, ultimately, growth and sustainability. This book will be of great interest to scholars and practitioners of economic geography, sustainable development, development studies and the creative industries.

In revisiting the forty year history of reforms to China's state-owned enterprises (SOE), the book assesses the experiences of this process of reform and scrutinizes how this has helped advance the country's economy overall. The author finds that China's SOE reform not only commits to institutional innovation within the corporation in terms of operating mechanisms, management structure, legal organization and the economic system of the enterprise; but that it is also underpinned by a series of policies that highlight an increasing market orientation. The measures have given rise to a benign interaction between enterprise reform and market development, while switching the SOE's role from appendages of government organs under a planned economic system to more autonomous entities that integrate public ownership and the market economy. In this regard, SOE reform's success in constructing a modern enterprise system serves as the micro-foundation and core of an improved socialist market economic system. The book will appeal to academics and students interested in political economy and the Chinese economy, with particular reference to SOE reform and the recent economic transition in China.

The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles. Based on theories from development economics and solid empirical studies, the authors, two renowned Chinese economists, provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: How can China sustain the rapid growth of the past 40 years? Is there a unique "China path" to economic progress? They argue compellingly that China's development model has to switch from a manufacturing-driven one to a brand-new approach, centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the "middle-income trap" while addressing other institutional and economic challenges. The book will appeal to students, scholars and policymakers interested in the Chinese and global economies, as well as transnational studies in the post-COVID-19 world. General readers willing to obtain a grasp of Chinese economic development from the insider's perspective will also find it useful.

This book holistically covers the issue of environmental diplomacy by building a firm foundation for readers to understand the different dimensions of the topic. The book begins by exploring the progress the world community has made in understanding the importance of diplomacy in preserving the environment for humankind's survival, peace, and security. Then, it critically analyses the existing system of international environmental treaties and highlights its political and legal gaps. It further examines specific case studies on multilateral diplomacy as well as both formal and informal diplomacy in cases from Europe and the United States to evaluate the diplomatic models followed by different stakeholders in the field. Through this case study analysis, the book develops theoretical and empirical frameworks that can be applied to study how international and regional organisations and NGOs maintain and put forward environmental agendas at an international level. It also examines the effect of the COVID-19 pandemic on the environment to highlight the challenges to reach an effective and equitable environmental governance and draw conclusions around effective versus ineffective forms and tools of environmental diplomacy. This book will be of great interest to students and scholars of environmental diplomacy and environmental law and governance, as well as practitioners working in this important field.

Until recently, the concept of Buen Vivir has only been loosely articulated by practising communities and in progressive policy in countries like Ecuador. What it actually means has been unclear, and in the case of policy, contradictory. As such there has been a lack of understanding about exactly what Buen Vivir entails, its core principles and how to put it into practice. This book, based on extensive theoretical and field research of Buen Vivir as an alternative to sustainable development, fills that gap and offers a concrete way forward. It uses an ethnographic study in Cotacachi County, in Ecuador's highland communities, to explore how communities understand and practice Buen Vivir. Combining this with what we already know about the concept theoretically, the book then develops a framework for Buen Vivir with 17 principles for practice. Exploring Buen Vivir's evolution from its indigenous origins, academic interpretations, and implications for development policy, to its role in endogenous, community-led change, this book will be of interest to policy-makers and development professionals. It will also be of great value to activists, students, and scholars of sustainability and development seeking grassroots social and environmental change.

How did a country with a dearth of natural resources, a sprawling population congested in a limited arable land transform itself to a modern industrial state within a generation? How could these have been achieved given the lingering geopolitical threats to its very survival as a state, as evidenced by the Korean War and the internecine aggressive posturing of its neighbor from the north? This book looks at strategies, institutional arrangement, role of entrepreneurs and workers in this odyssey, and on how those factors have worked together through effective leadership to transform South Korea's economic fortunes.

Trade and foreign direct investment (FDI) play a crucial role in shaping China s development strategies. The development of China s economy creates strong pressures for continuous restructuring. "China" therefore explores how trade and FDI affect China s development strategies regarding the process and pattern of restructuring. The book aims to provide the reader with findings that shed new light on the related issues and problems. The first chapter introduces the topics, and subsequent chapters enter into theoretical discussion and empirical analysis of trade, FDI, and development strategies, followed by a concluding final chapter.

based on a rigorous theoretical frameworkapplies various statistical and econometric methodsuses rich and comprehensive data "

This book critically explores the relationship between mobility patterns, transport provision and urban development in East African cities. Bringing together contributions on the futures of mobility in urban East Africa, the chapters examine transport provision, mobility patterns, location-specific modes of transport and transformative factors for transport and mobility in the rapidly urbanising region. The book outlines different mobility needs to be addressed in transport planning to serve and shape the respective cities and examines the decision-making process in transport planning and the level of accountability to the public. The contributors show the dialectic between innovation in transport/mobility and urban development under rapid urbanisation and discusses how to practically integrate mobility and transport provision into urban development. This book will be of interest to scholars in urban planning, transport planning, transport geography, social sciences and African studies.

This book investigates the history of women's reproductive health in Ghana, arguing that between the 1920s and 1980s, it was largely driven by discourses of development and population control rather than a concern for women's health or rights. Between the 1920s and 1980s, the choices that Ghanaian women made regarding their reproductive health were defined by development policy and practice. Spanning the colonial and immediate postcolonial periods, this book demonstrates that whilst the substance of development discourse shifted over time, principles of development continued to be used to impact and legitimise reproductive health policy and practices well after independence. The book explores Ghana's pluralist health system, the introduction of maternal and child welfare, the dominance of the Red Cross in Ghana's maternal and child health landscape, nationalist pronatalism and global population activism. In order to understand how global iterations of development and health policy impacted ordinary lives in Ghana, the author uses evidence from multiple 'levels,' including private papers, national archives and records of international and transnational organisations. Providing balanced archival perspectives, the book includes extensive oral history interviews carried out with both rural Ghanaian women and traditional birth attendants, as well as with midwives, doctors and family planning fieldworkers. This book will have an important impact on a number of historical fields including Ghanaian history, global health history, global histories of population and family planning and histories of development. It will be of interest to researchers and students in the history of public health, development, Africa, Ghana and gender.

This book aims to understand the predicaments of 'left behind places' and the scale of the policy challenge of 'levelling up' their economic prosperity. Drawing out lessons of wider international significance, it examines how places (cities, towns and localities) have grown apart over recent decades amidst deindustrialisation, post-industrial transition and the disruptive shocks of the global financial crisis and COVID-19 pandemic. Using the UK case to illustrate its arguments, the analysis identifies the different types of 'left behind places' and their distinctive economic experiences. The key features of urban and regional institutions and policies are reviewed to understand more about why, despite some successes, geographical inequalities remain an entrenched feature of the UK, blighting the life chances and quality of life of its citizens, and national economic progress as a whole. The weaknesses of past policies are highlighted, and the case is made for a new, mission-oriented policy model, because only a radical shift in economic thinking, governance and management is likely to achieve the 'levelling up' that is now a prominent refrain in the political lexicon.

This three-volume set collects key previously published articles in the field of development economics, covering alternative approaches and going beyond the boundaries of economics narrowly defined. Some of the included papers are classic contributions, some are authoritative survey articles and others are interesting new contributions. The collection covers such topics as: underdevelopment, growth and income distribution; resources in development; sectoral issues; open economy issues; and economic policies and institutions. The final section offers appraisals of the present state and future evolution of development economics.

* International approach, with examples and cases from the US, Europe and Africa * Each chapter contains objectives, case studies, discussion questions and further reading suggestions. * PPT slides and data sets available as digital supplements