The Role of Elites in Economic Development


Book Description

Elites have a disproportionate impact on development outcomes. While a country's endowments constitute the deep determinates of growth, the trajectory they follow is shaped by the actions of elites. But what factors affect whether elites use their influence for individual gain or national welfare? To what extent do they see poverty as a problem? And are their actions today constrained by institutions and norms established in the past? This volume looks at case studies from South Africa to China to seek a better understanding of the dynamics behind how elites decide to engage with economic development. Approaches include economic modelling, social surveys, theoretical analysis, and program evaluation. These different methods explore the relationship between elites and development outcomes from five angles: the participation and reaction of elites to institutional creation and change, how economic changes affect elite formation and circulation, elite perceptions of national welfare, the extent to which state capacity is part of elite self-identity, and how elites interact with non-elites.




Towards an Elite Theory of Economic Development


Book Description

Institutions, the humanly devised constraints of economic activity, are outcomes of elite agency. Leveraging ideas from economics, sociology, politics, and strategic management, this book proposes an 'elite theory of economic development'. The overarching goal is to foster sustainable value creation at the elite business model level. This work also aims to contribute to transformational leadership, and links are made to the annual Elite Quality Index (EQx), a measure of the value creation of national elites. Presents a theory of society, the economy, and the way the world actually is. Provides lucid analysis on elites and their contribution to economic and human development. Suggests practical frameworks and measurements for sustainable value creation and appropriation.




Private Wealth and Public Revenue


Book Description

This book identifies sources of power that help business and economic elites influence policy decisions.




Elites and Economic Development


Book Description

This book is a detailed comparative analysis of development politics in four urban regions of Latin America, two in Mexico and two in Colombia. John Walton has based his studies on the assumption that the problems of economic growth are essentially political, that is, are problems of choice, decision-making, and the exercise of power. His fundamental purpose has been to discover how elites of different kinds are more and less successful in the promotion of economic development, which he defines as a process in the organization of a society leading not only to higher levels of efficient output but also to a more equitable distribution of benefits. At the time, the four cities compared were the second- and third-largest metropolitan areas in each country, Guadalajara and Monterrey in Mexico, Medellín and Cali in Colombia. This selection allows the author to pair, across countries, cases of early and large-scale industrialization (Monterrey and Medellín) with cases of more recent industrial growth in agricultural-commercial centers (Guadalajara and Cali). Walton presents historical introductions to each of the regions and integrates these with original fieldwork and interviews with more than three hundred members of the political and economic elites. The findings are extensive, but in general they demonstrate that where political and economic power is more broadly distributed, where elites are more open and accessible, and where organizational life is more active and coordinated, regions tend to develop qualitatively as well as quantitatively, showing increases both in productivity and in such benefits as public services, housing, education, and a more balanced distribution of income. If these characteristics are absent, regions may be industrialized but do not provide a broad sharing of the benefits. Walton places a good deal of emphasis on the role of foreign investments, demonstrating that the more penetrated regions are also the less developed. Finally, the results of these studies are used to evaluate and advance theories of underdevelopment and particularly of economic dependency.




European Aristocracies and Colonial Elites


Book Description

'Aristocracies', 'Old Regime colonial elites' - from Adam Smith to Karl Marx and beyond, scholars have discussed their role in the rise of the modern world, in economic development and capitalism. Generally speaking and with the exception of the English landlords, the verdict has been always negative. Furthermore, historians have usually viewed the Ancien régime aristocracies and colonial elites as social groups with entirely irrational or completely apathetic attitudes towards the management of their estates. This book constitutes the first attempt to analyse the question in a more critical and historical way. It takes a directly comparative approach, covering countries from Peru to Russia and from Naples to England in the early modern period and up to the end of the 18th century. The rationale of how these elites administered their patrimonies, its political, social and sometime moral dimensions, and the real effects of all this on economic development are considered here as key aspects for a better understanding of economic life. The result is a quite different picture in which economic history is also seen as the outcome of human actions in their own social and political context.




Local Elites, Political Capital and Democratic Development


Book Description

This book helps to understand in which ways local governing elites are important for the success or failure of national democratic development. Although we know a great deal about the general importance of civil society and social capital for the development of sustainable democracy, we still know little about what specific local governing qualities or political capital that interact with democratic development. The collected data covers time series of surveys from between 15 to 30 political and administrative leaders in over a hundred middle-sized European and Eurasian cities. The study takes us across the 1980s and 1990s, going from cities in Sweden and the Netherlands - through the Baltic cities - to the cities of Belarus and Russia. The findings show the importance of local political capital based on commitments to core democratic values, informal governance networks, and the significance of initially connecting the community to global, non-economic relationships.




Inequality and Democratization


Book Description

Research on the economic origins of democracy and dictatorship has shifted away from the impact of growth and turned toward the question of how different patterns of growth - equal or unequal - shape regime change. This book offers a new theory of the historical relationship between economic modernization and the emergence of democracy on a global scale, focusing on the effects of land and income inequality. Contrary to most mainstream arguments, Ben W. Ansell and David J. Samuels suggest that democracy is more likely to emerge when rising, yet politically disenfranchised, groups demand more influence because they have more to lose, rather than when threats of redistribution to elite interests are low.




Political Capitalism


Book Description

Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.




Gambling on Development


Book Description

In the last thirty years, the developing world has undergone tremendous changes. Overall, poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Why have some countries prospered, while others have failed? Stefan Dercon argues that the answer lies not in a specific set of policies, but rather in a key development bargain, whereby a country's elites shift from protecting their own positions to gambling on a growth-based future. Despite the imperfections of such bargains, China is among the most striking recent success stories, along with Indonesia and more unlikely places, such as Bangladesh, Ghana and Ethiopia. Gambling on Development is about these winning efforts, in contrast to countries stuck in elite bargains leading nowhere. Building on three decades' experience across forty-odd countries, Dercon winds his narrative through Ebola in Sierra Leone, scandals in Malawi, beer factories in the DRC, mobile phone licences in Mozambique, and relief programs behind enemy lines in South Sudan. Weaving together conversations with prime ministers, civil servants and ordinary people, this is a probing look at how development has been achieved across the world, and how to assist such successes.




Authoritarianism and the Elite Origins of Democracy


Book Description

This book argues that - in terms of institutional design, the allocation of power and privilege, and the lived experiences of citizens - democracy often does not restart the political game after displacing authoritarianism. Democratic institutions are frequently designed by the outgoing authoritarian regime to shield incumbent elites from the rule of law and give them an unfair advantage over politics and the economy after democratization. Authoritarianism and the Elite Origins of Democracy systematically documents and analyzes the constitutional tools that outgoing authoritarian elites use to accomplish these ends, such as electoral system design, legislative appointments, federalism, legal immunities, constitutional tribunal design, and supermajority thresholds for change. The study provides wide-ranging evidence for these claims using data that spans the globe and dates from 1800 to the present. Albertus and Menaldo also conduct detailed case studies of Chile and Sweden. In doing so, they explain why some democracies successfully overhaul their elite-biased constitutions for more egalitarian social contracts.