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Progressive Policies for Economic Development - Economic Diversification and Social Inclusion after Climate Change (Hardcover)
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Progressive Policies for Economic Development - Economic Diversification and Social Inclusion after Climate Change (Hardcover)
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Despite the unprecedented gravity of the challenges posed by global
warming, most political systems have not given them the required
priority. The oil industry has resisted, and many countries have
taken only token measures to reduce emissions and mitigate the
worst effects. In this context, this book examines the progressive
options available to today's developing countries as they face the
limitations of neoliberalism and the existential challenge of
global warming. Examining the cases of both low-income fossil
fuel-dependent economies and large middle-income economies, this
book argues that for all developing economies the best way forward
includes 'green' macroeconomic policies articulated with
progressive industrial and social policies, thus allowing these
countries to achieve economic diversification, build alternative
drivers of growth, and deliver improvements in the distribution of
income, wealth and power. There is urgent need for this progressive
policy agenda - grounded on heterodox economics, committed to
social integration and the reduction of multiple inequalities - to
improve the economic outcomes for these countries, improve the
lives of citizens and meet global climate targets. The book argues
that capitalism challenges the possibility of free and dignified
existence while climate change challenges the possibility of life
itself, and that these challenges must be confronted together.
Since neoliberal capitalism will not adopt the necessary policies
to reduce carbon emissions rapidly, it must be overthrown - not
only for ethical or logical reasons, or to shift to better
arrangements for the functioning of society, but in order to
preserve the conditions for life itself. This agenda for
progressive economic development is essential reading for anyone
interested in heterodox economics, development studies,
international politics, international relations and sustainable
business.
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