Books > Business & Economics > Economics > Development economics
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The Global Development Crisis (Paperback)
Loot Price: R541
Discovery Miles 5 410
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The Global Development Crisis (Paperback)
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Loot Price R541
Discovery Miles 5 410
Expected to ship within 12 - 17 working days
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The central paradox of the contemporary world is the simultaneous
presence of wealth on an unprecedented scale, and mass poverty.
Liberal theory explains the relationship between capitalism and
poverty as one based around the dichotomy of inclusion (into
capitalism) vs exclusion (from capitalism). Within this discourse,
the global capitalist system is portrayed as a sphere of economic
dynamism and as a source of developmental opportunities for less
developed countries and their populations. Development policy
should, therefore, seek to integrate the poor into the global
capitalist system. The Global Development Crisis challenges this
way of thinking. Through an interrogation of some of the most
important political economists of the last two centuries Friedrich
List, Karl Marx, Leon Trotsky, Joseph Schumpeter, Alexander
Gerschenkron, Karl Polanyi and Amarta Sen, Selwyn argues that class
relations are the central cause of poverty and inequality, within
and between countries. In contrast to much development thinking,
which portrays the poor as reliant upon benign assistance, this
book advocates the concept of labour-centred development. Here the
poor are the global labouring classes, and their own collective
actions and struggles constitute the basis of an alternative form
of non-elitist, bottom-up human development.
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