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Towards Human Development - New Approaches to Macroeconomics and Inequality (Paperback)
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Towards Human Development - New Approaches to Macroeconomics and Inequality (Paperback)
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Human Development is widely recognised as the overriding goal of
development, yet its realization is challenged by growing
inequality, macro-economic fluctuations, and recurrent financial
crises. This edited collection reflects on the work of Richard
Jolly and includes contributions from leading scholars of
development, all of whom have worked with Richard Jolly at varying
points in his distinguished career. The volume advances thinking in
the area of Human Development by discussing the evolution of its
conceptualization and the policy implications, and the achievements
in related key areas such as education, social protection, and
employment. It juxtaposes these theoretical and (at times) real
life improvements with disturbing developments in terms of growing
inequality and macro-economic instability. It documents the growing
income inequality which has characterized both developing and
developed countries. It shows that there has been a decline in some
countries and identifies the policies adopted in these exceptional
cases. It also shows also where and how public expenditure on Human
Development in developing countries has been affected by the 2008
financial crisis and presents a new framework for a pro-growth
pro-Human Development macro-economics, including suggestions for
the countercyclical regulation of financial flows. The book also
argues that a series of disruptive factors are nudging the
innovation trajectory in new potentially pro-poor and pro-Human
Development directions, especially if policies speed-up the
diffusion of new efficient appropriate technologies in low and
middle income economies.
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