Governmental Forms and Economic Development


Book Description

This book investigates the performance of economic development under different forms of government, ranging from autocratic states to liberal democracies. Starting with a critical review of the literature on social and economic development, including the works of Frank Knight, Max Weber, Joseph Schumpeter and Peter Drucker, it offers a historical analysis of the expansion of markets, cities and trade in medieval Europe, and the monopolization of trade by the emerging European nation states. The book also presents a case study on the rise and decline of the Dutch Republic, discusses topics such as the disadvantages of the central direction of economic organizations, and federal decentralization as a model for promoting growth and investment, and illustrates how successful companies like Semco and Google are building on centuries-old management principles.













New Forms of Governance for Economic Development


Book Description

This publication examines new local governance models which have emerged for the pursuit of economic development strategies and socio-economic policy objectives, involving representatives of government, business and civil society organisations. It is based on a survey of local governance in seven countries (Belgium, the Czech Republic, Mexico, Norway, Slovenia, Spain and Sweden) undertaken as part of a study supported by the European Commission.




New Dimensions of Political Economy


Book Description

Walter W. Heller was Chairman of the Council of Economic Advisers throughout President Kennedy's Administration and during the first year of President Johnson's. Here, in a book of immediate importance and great vision, he examines the profound and rapid changes that are taking place during the 1960's in American economic policy. In this decade economics has come of age, and the Keynesian revolution has been completed. The economic health and stability of the nation are now among the President's major concerns. The need to formulate policy in this area has thrust the political economist into a new and leading role as Presidential adviser, and Mr. Heller is in a unique position to offer an inside account of these developments. In his first book since leaving Washington to return to the University of Minnesota, he describes the emergence of Presidents Kennedy and Johnson as practicing economists, evaluates their economic policies, and sketches the patterns that are being established for the future. He tells how the grip of economic myths and false fears has been loosened in the government, with the result that economic policy is focused on sustaining prosperity without inflation, on speeding economic growth, and on realizing the fruits of true fiscal abundance. Finally, Mr. Heller for the first time discusses in detail his own plan for revenue sharing, a new method of enlarging the flow of Federal funds to the states. The plan offers the exciting promise of a stronger fiscal base for our federalism, not only by expanding the present system of Federal grants, but also--when the demands of Vietnam relent--by developing new forms of fiscal support for state and local government. Parts of this book were delivered by Mr. Keller as the Godkin Lectures at Harvard University in March 1966.




Economic Planning and Industrial Policy in the Globalizing Economy


Book Description

This book discusses national development planning in the context of a globalized world economy. National economic development planning, the process of defining strategic economic objectives for a country and designing policies and institutional frameworks to attain them, was popular in many countries in the 1960s and 1970s. Over time it lost its appeal. More recently, with globalization accelerating and economic competition increasing, it is making a comeback in different countries under different forms. National planning in this new era is different than the earlier quantitative planning approaches. It employs different tools, such as strategic visions and action plans, revived forms of physical infrastructure planning, industrial policy, and cluster policy. Built on the research of international scholars with firsthand knowledge of the countries in question, this volume presents and evaluates current national planning strategies and policy worldwide. It will be of interest to both academicians who study and teach globalization and development as well as policy makers who may use it as a reference as they contemplate their own strategies.




Coalition Politics and Economic Development


Book Description

"Coalition Politics and Economic Development challenges the conventional wisdom that coalition government hinders necessary policy reform in developing countries. Irfan Nooruddin presents a fresh theory that institutionalized gridlock, by reducing policy volatility and stabilizing investor expectations, is actually good for economic growth. Successful national economic performance, he argues, is the consequence of having the right configuration of national political institutions. Countries in which leaders must compromise to form policy are better able to commit credibly to investors and therefore enjoy higher and more stable rates of economic development. Quantitative analysis of business surveys and national economic data together with historical case studies of five countries provide evidence for these claims. This is an original analysis of the relationship between political institutions and national economic performance in the developing world and will appeal to scholars and advanced students of political economy, economic development and comparative politics"--




The Role of Government in Economic Growth and Development


Book Description

"This book explores the economic development trajectories of South Korea and Vietnam, focusing on the role of the state in economic success amidst similarities and differences in their experiences. These are among the matters that this book explores through a systematic comparative analysis of economic development and the role of the state in South Korea and Vietnam. The results of this analysis provide lessons that will be useful for other developing countries as well as deepen our understanding of the development experiences of South Korea and Vietnam. The innovative nature of this book can be summarized as follows: First, this book engages a historical perspective in order to explore and understand the dynamics of the role of the government; this approach will be valuable to examine how the government has adapted to changes in environmental conditions during the process of development, industrialization and globalization. Thus, the development trajectories of each country have been examined according to three key stages. Secondly, the book uses a comparative method, comparing a wide range of economic, social and political development indicators between the two countries. The comparison between two very different East Asian countries with distinctive social, economic and political systems and at different stages of development can be instructive to show whether the state-led East Asian model has changed, evolved, diminished, or is in terminal decline. Finally, the book uses a qualitative method to generate comprehensive country case studies that are essential to uncover the specific dynamics underlying different development trajectories and outcomes"--




Changing Contexts and Shifting Roles of the Indian State


Book Description

This book critically discusses the changing relationship between the Indian state and capital by examining the mediating role of society in influencing developmental outcomes. It theorizes the state’s changing context allowing the discussion of its pursuit of contradictory economic and social welfare goals simultaneously. Both structural and ideological factors are argued to contribute to a shifting context, but the centrality of re-distributive politics and the contradictions therein explain a lot of what the state does and cannot do. The book also examines what the state aspires to do but structurally cannot accomplish either because of the scale of the problem or the dysfunctionality that sets in with continuous reforms. The collection provides rich evidence on the contested forms of governance arising from changing contexts and shifting roles of the state. Readers will benefit from this recasting of the Indian state in terms of the actual forms of intervention today. Changing Contexts and Shifting Roles of the Indian State is a timely book. At a time when the question of the role of the state in promoting more inclusive forms of development has never been more urgent, this book provides a range of powerful and insightful case studies of how a changing Indian capitalism is impacting and in turn being impacted by the multi-stranded role of the Indian state. Patrick Heller, Professor of Sociology and International Affairs, Brown University, Providence. Since the early 1990s, the Indian economy has moved away from a statist model of development to a more market-oriented one. However, very little scholarship exists that attempts to analyse India’s recent development experience from a political economy lens. This book, which is edited by two of India’s reputed scholars in the political economy of development, addresses this important gap in the literature. It provides an insightful account of the role of the state and the market in India’s economic resurgence in the last three decades. The book also contributes to a fresh understanding of what is meant by a twenty-first century developmental state in a globalised world. The book will be valuable reading for all scholars of India, as well as to researchers in the political economy of development. Kunal Sen, Director, United Nations University – World Institute for Development Economics Research (UNU-WIDER), Helsinki. This collection gives us a richer and more layered understanding of the Indian contemporary State. Rather than see the State as an unchanging entity with unchanging interests, the book argues that the role of the State changes with the context and with the change in political regime. Thus, taking contradictory decisions such as greater dispossession of land from the peasantry and expansion of the universe of economic rights is explainable. The argument is that we can have a better understanding when we see the Indian State as dealing with the ebb and flow of a democracy. C. Rammanohar Reddy, Former Editor, Economic and Political Weekly, Mumbai.