Development economics : a critical introduction / Shahrukh Rafi Khan.

Format:

Book

Author/Creator:

Khan, Shahrukh Rafi, author.

Series:

Routledge textbooks in environmental and agricultural economics ; 3.

Routledge textbooks in environmental and agricultural economics ; 3

Language:

English

Subjects (All):

Development economics.

Physical Description:

1 online resource (419 pages).

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon ; New York, NY : Routledge, 2020.

Summary:

"Following the 2007-2009 financial and economic crises, there has been an unprecedented demand among economics students for an alternative approach, which offers a historical, institutional and multidisciplinary treatment of the discipline. Economic development lends itself ideally to meet this demand, yet most undergraduate textbooks do not reflect this. This book will fill this gap, presenting all the core material needed to teach development economics in a one semester course, while also addressing the need for a new economics and offering flexibility to instructors. Rather than taking the typical approach of organizing by topic, the book uses theories and debates to guide its structure. This will allow students to see different perspectives on key development questions, and therefore to understand more fully the contested nature of many key areas of development economics. The book can be used as a standalone textbook on development economics, or to accompany a more traditional text"-- Provided by publisher.

Contents:

Cover

Half Title

Series Page

Title Page

Copyright Page

Dedication

Table of Contents

List of Figures

List of Tables

Preface

PART I: Background

1. Introduction

What is development economics?

Is "development economics" really a field?

Paradigms, approaches and method in development economics

Terms and concepts central to identifying alternative approaches

Terms of reference to nation states in development economics

Alternative approaches

Differentiating approaches

Summary and conclusions

Questions and exercises

Notes

References

2. Data and their use in development economics

Introduction

Alternative forms of data collection

Illustrating data use

Summary and conclusion

3. Commonalities and differences among low and low middle income countries

Classification variable: PCGDP

Commonalities

Colonialism and neo-colonialism20

Limits to generalization

Comparative initial conditions

Current environment

4. Poverty, inequality and some proposed solutions

Absolute poverty

Inequality

Poverty alleviation initiatives

Appendix 4.1: Environment Kuznets curve

PART II: Key approaches to economic development and the middle income trap

5. Classical and radical antecedents of development economics

Classical political economists

The heterodox tradition

Summary

Appendix 5.1: Theories of absolute and comparative advantage

Questions

6. Developmentalists and developmentalism

Developmentalism

Thinkers and theories

Case for industrialization.

Assessment of developmentalist thought

7. Neo-Marxism, structuralism and dependency theory

Neo-Marxism

Structuralism

Dependency15

Prescriptions

8. Neoliberalism and its critics

The rise of neoliberalism

The Washington Consensus as an alternative to developmentalism

Criticisms of neoliberal concepts and policy package19

Evidence on structural adjustment26

Why does neoliberalism persist?37

Appendix 8.1: Post Washington Consensus and its radical critique

9. New developmentalism: industrial policy, policy space and premature deindustrialization debates

Key features of new developmentalism3

The post-developmentalist case for industry

The industrial policy debate

The policy space debate

Premature deindustrialization

10. Is there a middle income trap?

Theory

Evidence

Escaping the trap

Conclusion

Questions and exercise

PART III: How key approaches play into some key debates

11. Debates on foreign aid

Definition and kinds of foreign aid

Donors and recipients

Rationale for aid

The early debates

More recent debates

Making aid effective

Debt

12. Debates on foreign direct investment

Types of foreign investment and associated issues

Destination and sources

Rationale for FDI

Critique of MNCs

L/LMIC motivation and bargaining

Bilateral investment agreements (BITs)17

Summary and conclusions.

Questions and exercises

13. Debates on agriculture/sustainable agriculture

The agricultural productivity gap

Regional commonalities and differences in L/LMIC agricultures

14. Debates on technology and addressing environmental problems/green industrial policy

Productivity gap

Historic debates on technology6

Debates on analyzing and addressing environmental problems18

Green industrial policy27

Automation36 and industrialization in L/LMICs37

PART IV: Conclusion

15. Catch-up growth: finding a trigger

Defining effective government and describing a hypothetical catch-up growth process

Predation as a barrier to catch-up growth

Some possible triggers

What is new about new developmentalism and how does equity play into it?

Evidence for equity as a trigger in the new developmentalist approach

Index.

Notes:

Description based on print version record.

ISBN:

1-351-84891-7

1-351-84892-5

1-315-22603-0

9781315226033

OCLC:

1121425416