Overview
- Presents a recent history of development theories and debates from 1950 to the present
- Presents a theoretical framework to discuss different issues related to growth, multifaceted development and power structures
- Stresses the role of economic powers and structures, paying particular attention to the issue of financialization
- Argues that development is a dialectic relationship between people's empowerment and the existing social and economic structures
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About this book
This book provides a brief history of the notion of development and related policies. Readers will find an overview of the main development notions and debates from 1950 to the 2015 Sustainable Development Goals. The author argues that sustainable development is equal to empowerment within a specific historical setting; development is a dialectic relationship between people's empowerment and the existing social and economic structures. The book examines some well-known growth theories from Harrod in 1939 to contemporary debates views about the role of the state and the market. Some major structural changes are also examined from economic growth in Asia to international finance: the author contends that contemporary issues on development can be better understood with the help of the founding fathers of economics, from the Mercantilist era to Marx. They help to understand the difficult relationship between development and market forces within different models of social and economicreproduction. The author contends that the main development challenge is that of building a global partnership in a system with enormous differences in economic powers and offers some examples of how to re-balance the existing economic powers particularly in trade and finance.
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Keywords
- Developing countries
- Economic structures
- Economic growth
- Sustainability
- Human development
- Asia
- Low-income countries
- Secular stagnation
- Labour market
- Social welfare
- Economic growth theories
- Solow
- Harrod
- Market efficiency hypothesis
- Millennium Development Goals
- Sustainable Development Goals
- Financial crises
- Protectionist policies
- Inequality
- Use and Exchange values
Table of contents (6 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
Gianni Vaggi is Professor of Economics of Cooperation and Development and Director of the homonymous Master Program at the University of Pavia, Italy. He has coordinated several cooperation and development programs in the Middle East and in Sub-Saharan Africa and is Director of the UNESCO UNITWIN Network in International Cooperation and Development. He was awarded his PhD in Economics from the University of Cambridge, UK. His main fields of research are the history of economic thought and development economics.
Bibliographic Information
Book Title: Development
Book Subtitle: The Re-Balancing of Economic Powers
Authors: Gianni Vaggi
DOI: https://doi.org/10.1007/978-3-319-54879-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-54878-4Published: 06 December 2018
Softcover ISBN: 978-3-030-40457-4Published: 20 February 2020
eBook ISBN: 978-3-319-54879-1Published: 24 November 2018
Edition Number: 1
Number of Pages: XV, 172
Topics: Development Economics, Economic Policy, Social Policy, Economic History, Development Studies, Economic Growth