Globalization, Economic Development and Inequality

An Alternative Perspective

Buch | Hardcover

352 Seiten

2004
Edward Elgar Publishing Ltd (Verlag)
978-1-85898-891-7 (ISBN)

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Evolutionary economics gained acceptance for the study of industrialized countries during the 1990s but has, as yet, contributed little to the study of world income inequality. The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of 'creative destruction' may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations.

Members of the anti-globalization movement will find the explanations given in this book insightful, as will employees of international organizations due to the important policy messages. The theoretical interest within the book will appeal to development economists and evolutionary economists, and policymakers and politicians will find the explanations of the present failure of many small nations in the periphery invaluable.

Edited by Erik S. Reinert, Honorary Professor, UCL Institute for Innovation and Public Purpose (IIPP), University College London, UK and Adjunct Professor of Technology Governance and Development Strategies, TalTech, Estonia

Contents:

Introduction
Erik S. Reinert

PART I: FOUNDATIONS OF AN ALTERNATIVE THEORETICAL PERSPECTIVE
1. The Other Canon: The History of Renaissance Economics
Erik S. Reinert and Arno M. Daastøl

2. Natural versus Social Sciences: On Understanding in Economics
Wolfgang Drechsler

PART II: THE STRATEGY OF SUCCESS: NINETEENTH-CENTURY UNITED STATES AND GERMANY
3. The Views of the German Historical School on the Issue of International Income Distribution
Jürgen G. Backhaus

4. Technical Progress and Obsolescence of Capital and Skills: Theoretical Foundations of Nineteenth-Century US Industrial and Trade Policy
Michael Hudson

PART III: THE STRATEGY OF FAILURE: LATE TWENTIETH-CENTURY DEINDUSTRIALIZATION AND THE ECONOMICS OF RETROGRESSION
5. Natural Resources, Industrialization and Fluctuating Standards of Living in Peru, 1950–1997: A Case Study of Activity-Specific Economic Growth
Santiago Roca and Luis Simabuko

6. Globalization in the Periphery as a Morganthau Plan: The Underdevelopment of Mongolia in the 1990s
Erik S. Reinert

PART V: TECHNICAL CHANGE AND THE DYNAMICS OF INCOME INEQUALITY
7. Technological Revolutions, Paradigm Shifts and Socio-institutional Change
Carlota Perez

8. Income Inequality in Changing Techno-economic Paradigms
Chris Freeman

9. Information Technology in the Learning Economy: Challenges for Developing Countries
Dieter Ernst and Bengt-Åke Lundvall

10. Diversity: Implications for Income Distribution
David B. Audretsch

11. Convergence, Divergence and the Kuznets Curve
Ådne Cappelen

Index

Erscheint lt. Verlag	27.8.2004
Reihe/Serie	New Horizons in Institutional and Evolutionary Economics series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sozialwissenschaften ► Soziologie
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-85898-891-8 / 1858988918
ISBN-13	978-1-85898-891-7 / 9781858988917
Zustand	Neuware