Evolutionary economics gained acceptance for the study of
industrialized countries during the 1990s but has, as yet,
contributed little to the study of world income inequality. The
expert contributors gathered here approach underdevelopment and
inequality from different evolutionary perspectives. It is argued
that the Schumpeterian processes of 'creative destruction' may take
the form of wealth creation in one part of the globe and wealth
destruction in another. Case studies explore and analyse the
successful 19th century policies that allowed Germany and the
United States to catch up with the UK and these are contrasted with
two other case studies exploring the deindustrialization and
falling real wages in Peru and Mongolia during the 1990s. The case
studies and thematic papers together explore, identify and explain
the mechanisms which cause economic inequality. Some papers point
to why the present form of globalization increases poverty in many
Third World nations. Members of the anti-globalization movement
will find the explanations given in this book insightful, as will
employees of international organizations due to the important
policy messages. The theoretical interest within the book will
appeal to development economists and evolutionary economists, and
policymakers and politicians will find the explanations of the
present failure of many small nations in the periphery invaluable.
General
| Imprint: |
Edward Elgar Publishing Ltd
|
| Country of origin: |
United Kingdom |
| Series: |
New Horizons in Institutional and Evolutionary Economics series |
| Release date: |
April 2007 |
| Editors: |
Erik S. Reinert
|
| Dimensions: |
234 x 156 x 20mm (L x W x T) |
| Format: |
Paperback
|
| Pages: |
352 |
| ISBN-13: |
978-1-84720-472-1 |
| Categories: |
Books >
Business & Economics >
Economics >
General
|
| LSN: |
1-84720-472-4 |
| Barcode: |
9781847204721 |
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