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Clase ofrecida en el marco de la 21a versión del Programa de Estudios Avanzados sobre Economías Latinoamericanas de la ELADES (Escuela Latinoamericana de Estudios del Desarrollo de la CEPAL).
The celebratory tone about the emergence of the BRICs and the improved growth in Sub Saharan Africa and Latin America during the 2000s obscures the reality that, for large parts of the developing world, the development challenges are more acute than ever before. After three decades of Washington Consensus policies, deepening globalization, and China's and India's increasing competitiveness in ever more goods and services, many developing countries are now facing three critical challenges: how to engender a transformation of the production structure that creates many more productive jobs, how to make growth more inclusive, and how to stimulate a growth process compatible with environmental su...
For many countries, primarily in the Global South, extractivism – the exploiting and exporting of natural resources – is big business. For those exporting countries, natural resource rents create hope and promise for development which can be a seductive force. This book explores the depth of extractivism in economies around the world. The contributions to this book investigate the connection between the political economy of extractivism and its impact on the sociopolitical fabric of natural resource exporting societies in Asia, Africa, Latin America, and Eastern Europe. The book engages with a comparative perspective on the persistence of extractivism in these four different world region...
Abstract .-- Introduction .-- I. Rationality and institutions in an uncertain world .-- II. Learning and the co-evolution of capabilities and the production structure .-- III. Structural Inertia, Lock-in and Institutions .-- IV. Institutions and power: Schumpeterian political economy .-- V. Combining the supply side and the demand side: a graphic interpretation .-- VI. Concluding remarks.
Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.
The Oxford Handbook of Structural Transformation addresses the economics of structural transformation around the world. It deals with major themes, which include history and context, critical issues and concepts, methodological foundations, main theoretical approaches, policy issues, some illuminating country experiences of structural transformation, and important debates on the respective roles of the market and the state in that process. The historical record provides a challenge for economists to understand the success of the rising economic powers (some of them initially considered unlikely candidates for prosperity) and the stagnation or decline of others. Five major questions emerge: D...
Here is a comprehensive edited volume that outlines the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field.
This landmark book describes and analyzes the original contributions Sir Roy Harrod made to fields including microeconomics, macroeconomics, international trade and finance, growth theory, trade cycle analysis and economic methodology. Harrod’s prolific writings reflect an astounding and unique intellectual capacity, and a wide range of interests. He became Keynes ́ biographer and wrote a volume on inductive logic. At the policy level, Harrod played a central role in the formulation of the Keynes ́ Clearing Union plan for international monetary reform. He also actively participated in British politics and government and gained recognition as an expert in the field of international economics. Yet, until now, Harrod has remained an underrated economist, commonly misunderstood and misrepresented. This is the first major intellectual biography of Harrod to be published.
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economie...