Getting Development Right: Structural Transformation, by Eva Paus (eds.)
By Eva Paus (eds.)
Getting improvement correct brings jointly improvement students and practitioners from a number of educational disciplines and coverage views to investigate vital aspects of this triple problem, to discover interconnections between them and recommend innovations for overcoming the demanding situations within the present age of globalization.
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Additional resources for Getting Development Right: Structural Transformation, Inclusion, and Sustainability in the Post-Crisis Era
If a developing country wants to move to a green economy, it is quite possible that that will result in slower growth in the short run. The decline in growth will depend on the extent of technology and funding transfer from the North and the degree to which the country is willing to go ahead without much outside support. In the long run, however, growth can be higher and certainly more sustained. The authors in this book make clear that the implementation of any of these policy responses requires an active and interventionist government: the use of industrial policies to support broad-based upgrading and growthenhancing structural change, with particular emphasis on the development of technological capabilities; the adoption of macro policies consistent with continued learning in production; public investment to broaden social capabilities and to provide the basis for crowding in private investment in clean technology; spending and tax policies to deal with positive and negative externalities; targeted policies to address the sources of inequality of opportunity and the structural causes of rural poverty; and regulations and incentives that are needed to entice behavioral changes in consumption and production.
2012. ” Science 338(6109):887–888. Barbier, Edward B. and Anil Markandya. 2013. A New Blueprint for a Green Economy. London and New York: Routledge. Chen, Shaohua and Martin Ravallion. 2008. The Developing World Is Poorer Than We Thought, But No Less Successful in the Fight against Poverty. Policy Research Paper 4703. World Bank. Cimoli, Mario, Giovanni Dosi, and Joseph E. ). 2009. Industrial Policy and Development: The Political Economy of Capabilities Accumulation. Oxford: Oxford University Press.
Still, even though there may not be a huge contradiction between these two ways of looking at things, they do imply different agendas and different priorities. Sometimes the policies that the orthodox perspective prescribes, such as deregulation or the privatization of the financial sector or opening up, may in fact undermine some structural transformation incentives by pushing some manufacturing industries into open competition on world markets before they have had the time necessary to compete.