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In Humanitarian Development Paradigm, Wilfred L. David makes a plea for the fundamental reorientation of the economics that guide conventional development discourse, moving toward an emancipatory conversation focusing on human well-being or people-centered liberation. His paradigm-altering vision elevates core human values, guaranteed rights, and global justice in development thinking, practice, and policy.
"There is unanimity among these historians and sociologists in ascribing seminal importance to The Philadelphia Negro."—David Levering Lewis, Journal of American History
Using insights from the history of ideas, economic history, philosophy and political economy, this text investigates the belief patterns underlying alternative perspectives of development thought and policy. It discusses differing theories and models, showing how development economics has evolved.
David takes as his point of departure the orthodox rational paradigm of public policy-making--which, he argues, does not adequately reflect real-world process--to present an integrated model for economic policy formulation and execution. By juxtaposing the theoretical foundations of the rationalist model with insights drawn from alternative systems of political economy, he shows how economic decisionmaking is both more complex and less idealistic than the rational paradigm assumes. In constructing his argument, David systematically integrates ideas drawn from moral philosophy, politics, sociology, systems theory, institutional and neo-Marxian economic thought, and international dimensions of...
"All scholarship is a collective endeavour, but this book, and the context in which it was completed, has taught us more about the necessities of collective intellectual work, and its material and emotional conditions, than we would have liked. The COVID-19 pandemic and lockdown came to our cities just as we completed the first draft of the book, but with a lot more work to do. Even before the coronavirus, we were conscious of the extent to which intellectual labour depends on other forms of labour, often unacknowledged and provided by others"--
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The issue of capital flight from developing countries is discussed. The debt problems of developing countries coupled with the sharp decline in international lending to many countries have evoked great interest in the issue of private capital outflows, or capital flight, from these countries among international policymakers, academics, and in the general public. Residents of countries with exchange controls can purchase foreign exchange overseas by paying in local currencies, albeit at a higher cost than through official channels.