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This title focuses on three areas of interaction between developed
countries and the rest of the world: trade, migration and foreign
direct investment.
Economists have long relied on cross-country regression analysis to
identify the determinants of continued growth, but with only
limited success. This book demonstrates the value of a different
approach. The editors isolate three attributes that appear to be
associated with long-term growth. First, whatever the form of the
decision-making authority, all are ultimately subject to an element
of political constraint: the population at large must eventually
experience the benefits of growth if the authority is to remain in
power. Broad-based growth is therefore required for growth to be
sustained. Second, given the complexity and dynamism of the world,
and our imperfect understanding of how it works, ideological
rigidity will inevitably prove disastrous, whereas pragmatism and
responsiveness to changing conditions and to ineffective policy
initiatives are more likely to prolong growth. Third,
unconventional substitutes can fill critical gaps while more formal
institutions are being developed, thus hastening the growth process
in the short run. Drawing on the knowledge and understanding of
local circumstances of researchers from the case-study countries,
this book will appeal to post-graduate students studying
development; particularly poverty, trade, investment and migration.
Development practitioners concerned with the impact of
developed-country policies on poverty in the developing world will
also find this a captivating read.
This important book offers valuable insights into the process of
economic reform in developing countries. It is organized around
three dimensions that are deemed critical to the success of reform
programmes. According to Nobel Laureate Amartya Sen, these key
factors are Reach, Range, and Reason. 'Reach' refers to the ability
of reform to be person-centered and evenhanded, reaching all
individuals in society. 'Range' considers the institutional reforms
and policy changes necessary to implement change and the possible
ripple effects on other policies and populations. Finally, 'Reason'
captures the importance of constantly asking why a particular
reform has been selected.By analysing the reform process from this
particular perspective, the chapters in this volume illustrate the
success of this approach with specific examples prepared by authors
from developing and transition countries and, in doing so, reveal
the breadth of knowledge and home-grown expertise in the developing
and transition world. Among academics, the book will appeal to
those teaching courses in political economy, development studies,
globalization, and public policy. It will also be of great interest
to policy-oriented researchers and policymakers at international
institutions, think tanks and policy research institutes, as well
as at development agencies, ministries and departments.
This book analyzes the links between globalization and equity from
the perspectives of seven regions: the Commonwealth of Independent
States, East Asia and South Asia, Eastern and Central Europe, Latin
America, the Middle East and North Africa, and Sub-Saharan Africa.
It presents the views of researchers from the developing world,
voices that are seldom heard in the ongoing debate on
globalization, and provides models of successful research conducted
in developing and transition countries, thus promoting homegrown
expertise. The contributions from different regions reflect their
disparate experiences and represent diverse positions on
globalization and equity. Nevertheless, they reveal a fledgling
consensus on the benefits of the developing world's entry into a
global universe and the necessity for prudent adjustment to the
perils of this endeavor. Academics interested in the political
economy and development studies as well as policy-oriented
researchers and policymakers concerned with the challenges entailed
by globalization will find Globalization and Equity of great
interest.
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