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Economic Complexity and Human Development - How Economic Diversification and Social Networks Affect Human Agency and Welfare (Hardcover, New)
Loot Price: R2,686
Discovery Miles 26 860
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Economic Complexity and Human Development - How Economic Diversification and Social Networks Affect Human Agency and Welfare (Hardcover, New)
Series: Routledge Studies in Development Economics
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This book combines the human development approach and innovation
economics in order to explore the effects that structural economic
change has on human development. While economic diversification can
provide valuable new social choices and capabilities, it also tends
to lead to more complex decision processes and changes to the set
of capabilities required by people to self-determine their future.
Within this process of structural transformation, social networks
are crucial for accessing information and social support, but
networks can also be a root cause of exclusion and inequality
reproduction. This implies the need to encourage innovation and
economic diversification beyond production expansion, focusing on
the promotion of human agency and social inclusion. This book
provides such a modern perspective on development economics,
emphasizing the role of social networks, economic diversity and
entrepreneurship for social welfare. The author discusses how
innovation, social networks, economic dynamics and human
development are interlinked, and provides several practical
examples of social and micro-entrepreneurship in contexts as
diverse as Peruvian rural villages and Brazil's urban areas. The
interdisciplinary perspective put forward in this book illustrates
theoretical and methodological methods of exploring the complexity
of development in a practical and relevant way. It also provides
useful information about structural factors which need to be
considered by practitioners when designing pro-poor growth
policies. Furthermore, the coverage of the core concepts of
innovation, networks and development economics, enriched with
multiple examples, makes it a valuable resource for scholars and
advanced students of modern development economics.
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