"International experts evaluate new policy directions in economic development and poverty reduction, building on the ideas of a pioneer in the new discipline of Development Studies, Frances Stewart. Combing ideas and evidence on technological change, human development and conflict prevention to address the issue of the persistence of inequality"--

Jan Pronk The role of institutions in economic development has been debated at length. It is a major chapter in the history of economic thought. It was also a key - sue in comparisons of the effectiveness of Eastern and Western economic systems. Understanding the variety of social and cultural institutions has - ways been crucial in analysing development processes in Africa, Asia, the Middle East and Latin America. Less attention has been given to institutions in studies of the economic performance of Western countries. This may be because economic policies in the West were mostly oriented to the short and medium terms rather than to the long-term perspective. In the short run ins- tutions are given, in the long run they lend themselves for change. From the outset, economic institutions (e.g. markets, enterprises) and their underlying values (e.g. efficiency, economicfreedom) received much - tention. Similar attention was given to political institutions (the state, government, the law) and values (democracy, accountability, human rights). Thought also turned to social institutions (entrepreneurship, the middle class, the family household, land-tenure systems) and social values (tradition, gender and age relations, justice). Studies soon followed of cultural insti- tions (religion, ethnicity) and values (material consumerism or the bond between man and nature). Without the insight gained by studying insti- tions, economics would have become a dull discipline.

Why it is so difficult for liberal economic ideas to become generally accepted (that is socially 'embedded') in industrialising countries despite the universal support for liberal political ideas and a single global market system? Drawing on the results of a sustained and collaborative interdisciplinary research project, international scholars provide a perspective on previous shifts towards (and away from) economic liberalism within Latin America, on the interaction of internal and external drivers in this process, and on the international context of the evolution of economic ideas.

Jan Pronk The role of institutions in economic development has been debated at length. It is a major chapter in the history of economic thought. It was also a key - sue in comparisons of the effectiveness of Eastern and Western economic systems. Understanding the variety of social and cultural institutions has - ways been crucial in analysing development processes in Africa, Asia, the Middle East and Latin America. Less attention has been given to institutions in studies of the economic performance of Western countries. This may be because economic policies in the West were mostly oriented to the short and medium terms rather than to the long-term perspective. In the short run ins- tutions are given, in the long run they lend themselves for change. From the outset, economic institutions (e.g. markets, enterprises) and their underlying values (e.g. efficiency, economicfreedom) received much - tention. Similar attention was given to political institutions (the state, government, the law) and values (democracy, accountability, human rights). Thought also turned to social institutions (entrepreneurship, the middle class, the family household, land-tenure systems) and social values (tradition, gender and age relations, justice). Studies soon followed of cultural insti- tions (religion, ethnicity) and values (material consumerism or the bond between man and nature). Without the insight gained by studying insti- tions, economics would have become a dull discipline.

This book provides vital theoretical underpinnings for the emerging 'neo-structuralist' reading of macroeconomics based on the heterogeneous accumulation behaviour of public and private sectors. The work of Kalecki is used to build up a rigorous analysis of the semi-industrial economy which is not only suitable for practical policy formation but also marks a breakthrough in modern development economics. The topics covered include: the microeconomic roots of macroeconomic behaviour; stabilization, employment and growth policies in a mixed economy; and the problems of sectoral balance and market management in the planned economy.

International experts evaluate new policy directions in economic development and poverty reduction, building on the ideas of a pioneer in the new discipline of Development Studies, Frances Stewart. Combing ideas and evidence on technological change, human development and conflict prevention to address the issue of the persistence of inequality

Wars, especially civil wars, are known to be one of the most potent causes of human suffering and underdevelopment. Yet economic analysis of developing countries at war is relatively rare. These volumes aim to reverse this neglect, tracing the economic and social consequences of conflict in poor countries. A major objective is to identify policies which may reduce the heavy human and economic costs. Volume One provides a general framework for understanding the economic interactions. It also provides an empirical overview of the costs of war for the worst affected countries in the 1970s and 1980s. Volume Two presents seven country case studies.

Wars, especially civil wars, are known to be one of the most potent causes of human suffering and underdevelopment. Yet economic analysis of developing countries at war is relatively rare. These volumes aim to reverse this neglect, tracing the economic and social consequences of conflict in poor countries. A major objective is to identify policies which may reduce the heavy human and economic costs. Volume One provides a general framework for understanding the economic interactions. It also provides an empirical overview of the costs of war for the worst affected countries in the 1970s and 1980s. Volume Two presents seven country case studies.