"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.

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.

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.

Wars, especially civil wars, are among the most serious 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 both theoretically and through empirical investigations, including seven country case studies. A major objective is to identify policies which may reduce the heavy human and economic costs. Volume One provides a general framework for the analysis, examines the political economy of countries at war, and provides an empirical overview of the costs of war for the poor countries worst affected by conflict. The approach is multidisciplinary: political and sociological analysis is needed in order to understand motivations and behaviour during conflict; while economic analysis is necessary to evaluate how poor people are affected. The analysis includes an investigation of how the international system, including food aid, affects the war economies, and identifies international as well as domestic policies which may reduce the human and economic costs of conflict. The subject is particularly important in view of the high incidence of wars in poor countries. Between 1950 and 1990, around 15 million deaths were caused (directly or indirectly) by war in developing countries. The end of the Cold War led to a transition to peace in many of the areas in which conflict had been fuelled by East-West antagonism, but new wars erupted. From 1989 to 1995, between 34 and 51 armed conflicts were waged each year, the great majority in poor developing countries. These volumes investigate economic and social consequences at macro-, meso- and micro- levels, aiming to identify the indirect costs (e.g. via inflation and reduced entitlements) as well as direct costs of military operations. The in-depth country case studies published in Volume Two (Afghanistan, Mozambique, Nicaragua, Sierra Leone, Sri Lanka, Sudan and Uganda) are summarized in Volume One. These explore the main economic mechanisms operating during war and the policy responses of governments and international actors, showing how each can enlarge the costs and further fuel the conflicts. The large variations in this response and in the consequent costs point to domestic and international policies which can reduce the human and economic costs even before peace is restored.

Wars, especially civil wars, are among the most serious 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 both theoretically and through empirical investigations, including seven country case studies. A major objective is to identify policies which may reduce the heavy human and economic costs. Volume One provides a general framework for the analysis, examines the political economy of countries at war, and provides an empirical overview of the costs of war for the poor countries worst affected by conflict. The approach is multidisciplinary: political and sociological analysis is needed in order to understand motivations and behaviour during conflict; while economic analysis is necessary to evaluate how poor people are affected. The analysis includes an investigation of how the international system, including food aid, affects the war economies, and identifies international as well as domestic policies which may reduce the human and economic costs of conflict. The subject is particularly important in view of the high incidence of wars in poor countries. Between 1950 and 1990, around 15 million deaths were caused (directly or indirectly) by war in developing countries. The end of the Cold War led to a transition to peace in many of the areas in which conflict had been fuelled by East-West antagonism, but new wars erupted. From 1989 to 1995, between 34 and 51 armed conflicts were waged each year, the great majority in poor developing countries. These volumes investigate economic and social consequences at macro-, meso- and micro- levels, aiming to identify the indirect costs (e.g. via inflation and reduced entitlements) as well as direct costs of military operations. The in-depth country case studies published in Volume Two (Afghanistan, Mozambique, Nicaragua, Sierra Leone, Sri Lanka, Sudan and Uganda) are summarized in Volume One. These explore the main economic mechanisms operating during war and the policy responses of governments and international actors, showing how each can enlarge the costs and further fuel the conflicts. The large variations in this response and in the consequent costs point to domestic and international policies which can reduce the human and economic costs even before peace is restored.

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.