Download e-book for iPad: Advancing Development: Core Themes in Global Economics by G. Mavrotas, A. Shorrocks

By G. Mavrotas, A. Shorrocks

ISBN-10: 0230019048

ISBN-13: 9780230019041

ISBN-10: 0230801463

ISBN-13: 9780230801462

ISBN-10: 0333964241

ISBN-13: 9780333964248

ISBN-10: 3320073389

ISBN-13: 9783320073381

This e-book displays on present pondering in improvement economics and on what may perhaps ensue over the following twenty years. in addition to learning improvement economics looking back, the amount explores the present debates and demanding situations and appears ahead on the difficulties that have an effect on the worldwide means to accomplish the Millennium improvement Goals.

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Extra info for Advancing Development: Core Themes in Global Economics

Sample text

4, Helsinki: United Nations University Press. Jayawardena, L. (1991) A Global Environmental Compact for Sustainable Development: Resource Requirements and Mechanisms, Research for Action Series No. 9, Helsinki: UNU-WIDER. Jayawardena, L. (1993) The Potential of Development Contracts and Conditionality: Towards Sustainable Development Compacts, Research for Action Series No. 12, Helsinki: UNU-WIDER. Jayawardena, L. K. ), The International Monetary & Financial System: Developing Country Perspectives, London: Macmillan.

This is a disequilibrium-type model which assumes that developing countries are characterized by limited structural flexibility – with either the investment-savings gap or the balance-of-payments gap binding at any one point in time. The other types of models (ii and iii above) rely on an intersectoral input– output framework. The semi-input–output method initiated by Jan Tinbergen distinguishes between international sectors, which produce tradable goods, and national sectors, which produce non-tradable goods (Kuyvenhoven 1978).

In turn, the ‘critical minimum effort thesis’ called for a large discrete addition to investment to trigger a cumulative process within which the induced income-growth forces dominate induced income-depressing forces. Finally, Nurkse’s (1953) ‘balanced growth’ concept stressed the external economies inherent on the demand side in a mutually reinforcing and simultaneous expansion of a whole set of complementary production activities which combine together to increase the size of the market. It does appear, in retrospect, that the emphasis on large-scale investment in the 1950s was strongly influenced by the relatively successful development model and performance of the Soviet Union between 1928 and 1940.

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Advancing Development: Core Themes in Global Economics by G. Mavrotas, A. Shorrocks


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