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Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization
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Compressed Development - Time and Timing in Economic and Social Development (Hardcover)
Loot Price: R2,807
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Compressed Development - Time and Timing in Economic and Social Development (Hardcover)
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This book proposes a new way to approach comparative international
development by focusing on time and timing in economic and social
development. The UK industrialized over two centuries, and then
started to de-industrialize in the late 1960s. Today, the most
rapid developers experience aspects of industrialization and
de-industrialization simultaneously. It is no longer clear that
industrialization offers the path of growth it once did;
industrialization has become 'thin.' Demographic and social
challenges that earlier developers faced sequentially now come at
the same time. Rapid growers experience compression most acutely,
but the spatial and temporal fusing of past and present is
widespread, affecting high-, middle-, and lower-income countries
alike. Timing refers to the differences in historical periods in
which development takes place. The geopolitical, institutional and
technological environment for countries recently integrated into
the global economy has been vastly different from that of the
preceding postwar decades of 'embedded liberalism,' although it
does contain echoes of the 'first globalization' and 'first
financialization' a century ago. The first era of liberalism did
not end well, and the second is similarly foundering on the rocks
of nationalism and protectionism, as it is being battered by a
global pandemic. The authors propose an interdisciplinary
conceptual framework based on co-evolving state-market and
organization-technology dyads, which will help readers make sense
of contemporary development across multiple societies, sectors and
geographies, and provide a template for historical comparison.
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