Development for Whom? Jayati Ghosh

Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at the Tellus Institute. What drew you to the field of development economics? I was interested in how societies function and how social change occurs, so I began by studying sociology. But it seemed that this discipline just skimmed the surface, that deeper underlying economic contexts and processes were crucial for understanding social change, and that without such knowledge, much would…

Understanding Economic Development and Demolishing Neoliberal Development Myths Erik Reinert, Jayati Ghosh and Rainer Kattel

We have recently co-edited a book (The Handbook of Alternative Theories of Economic Development, Edward Elgar 2016, also available as an e-book on that seeks to bring back the richness of development economics through many different theories that have contributed over the ages to an understanding of material progress. The underlying approach is based on this quotation from nearly four centuries ago: “There is a startling difference between the life of men in the most civilised province of Europe, and in the wildest and most barbarous districts of New India. This difference comes not from the soil, not from…

IDEAs’ Contribution to the 7th Asia Future Forum

IDEAs in collaboration with Korea Association of Political Economy and Hankyoreh Media Group organised a set of three sessions on, "Alternative Development Models for Asia in the Age of Low Growth: Implications from National Experiences", as part of the 7th Asia Future Forum held over 23-24 November, 2016 in Conrad Seoul, Korea. The event was organized to foster cooperation within Asia to seek balance between prosperity and sustainability of the world. The programme of the Development Economics session is as follows: Development Economics Session on "Alternative Development Models for Asia in the Age of Low Growth: Implications from National Experiences" Time :…

Structural Change Servaas Storm

There has been a renewed interest in industrialization and structural change in the mainstream of development economics, which, however, doesn’t imply a rejection of the neoliberal approach to development; the default recommendation is still the market and static comparative advantage and the main task of governments is to impose institutional reforms and improve governance. structural_change (Download the full text in PDF format) (This article was originally published in Development and Change, by International Institute of social Studies, The Hague)

From “Development” to “Poverty Alleviation”: What have we lost? Jayati Ghosh

There was a time when economists were inevitably concerned with development. Early economists of the 16th and 17th centuries to those of the mid 20th century were all essentially concerned with understanding the processes of economic growth and structural change: how and why they occurred, what forms they took, what prevented or constrained them, and to what extent they actually led to greater material prosperity and more general human progress. And it was this broader set of "macro" questions which in turn defined both their focus and their approach to more specific issues relating to the functioning of capitalist economies.…

The End of Peripheries? On the enduring relevance of structuralism for understanding contemporary global development Andrew M. Fischer

Despite repeated chronicles of a death foretold, the centre–periphery analysis remains very relevant for understanding the challenges of contemporary development. End_Peripheries (Download the full text in PDF format) (This article was originally published in Development and Change Volume 46, Issue 4, July 2015.)

Randomise This! On ‘Poor Economics’ Sanjay G. Reddy

The book ‘Poor Economics’ by Abhijit Bannerjee and Esther Duflo have been much lauded in recent times internationally, and has won several prestigious awards. The book captures an approach to development that has swept the field of development economics and this approach has been largely influential within governments, international agencies and Non-Government Organisations. The author here reviews the book and critically analyses the basic premise of the book and the subsequent understanding that the authors have developed. To read the full review, please check out the Review of Agrarian Studies website in the following link.

Towards Genuine Universalism within Contemporary Development Policy Andrew Fischer

This article argues that the MDGs should be replaced by a re-politicisation of the mainstream development agenda, together with a genuine revival of emphasis on universalistic modes of social policy as viable means of dealing simultaneously with poverty and inequality. development_policy (Download the full text in PDF format) (This Article was Originally Published in IDS Bulletin  Volume 41, Number 1, January 2010.)

“Reclaiming Policy Space for Equitable Economic Development” Kari Polanyi Levitt

This paper argues that a revaluation of the three themes of development economics in terms of the relationships between the market and the state, trade and development, and growth and equity, points to a reversal of priorities prevailing in the past 20 years under the Washington Consensus. But the recent emphasis on economic growth must be replaced with an emphasis on the quality of life of the people. reclaiming_policy_space (Download the full text in PDF format)

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