Steps out of the global development crisis
Author | : Jens Martens |
Publisher | : |
Total Pages | : 11 |
Release | : 2010 |
Genre | : |
ISBN | : 9783868723687 |
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Author | : Jens Martens |
Publisher | : |
Total Pages | : 11 |
Release | : 2010 |
Genre | : |
ISBN | : 9783868723687 |
Author | : Benjamin Selwyn |
Publisher | : John Wiley & Sons |
Total Pages | : 341 |
Release | : 2014-02-07 |
Genre | : Business & Economics |
ISBN | : 0745681069 |
The central paradox of the contemporary world is the simultaneous presence of wealth on an unprecedented scale, and mass poverty. Liberal theory explains the relationship between capitalism and poverty as one based around the dichotomy of inclusion (into capitalism) vs exclusion (from capitalism). Within this discourse, the global capitalist system is portrayed as a sphere of economic dynamism and as a source of developmental opportunities for less developed countries and their populations. Development policy should, therefore, seek to integrate the poor into the global capitalist system. The Global Development Crisis challenges this way of thinking. Through an interrogation of some of the most important political economists of the last two centuries Friedrich List, Karl Marx, Leon Trotsky, Joseph Schumpeter, Alexander Gerschenkron, Karl Polanyi and Amarta Sen, Selwyn argues that class relations are the central cause of poverty and inequality, within and between countries. In contrast to much development thinking, which portrays ‘the poor’ as reliant upon benign assistance, this book advocates the concept of labour-centred development. Here ‘the poor’ are the global labouring classes, and their own collective actions and struggles constitute the basis of an alternative form of non-elitist, bottom-up human development.
Author | : United Nations |
Publisher | : UN |
Total Pages | : 136 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : |
During 2008-2009, the world experienced its worst financial and economic crisis since the Great Depression of the 1930s. The crisis followed the effects of the food and fuel price hikes in 2007 and 2008. In 2009, global output contracted by 2 per cent. This 2011 Report on the World Social Situation reviews the ongoing adverse social consequences of these crises after an overview of its causes and transmission.
Author | : José Antonio Alonso |
Publisher | : Columbia University Press |
Total Pages | : 385 |
Release | : 2012-07-17 |
Genre | : Business & Economics |
ISBN | : 023150439X |
Leading governments undertook extraordinary measures to offset the 2008 economic crisis, shoring up financial institutions, stimulating demand to reverse recession, and rebalancing budgets to alleviate sovereign debt. While productive in and of themselves, these solutions were effective because they were coordinated internationally and were matched with sweeping global financial reforms. Unfortunately, coordination has weakened after these initial steps, indicating one of the crisis's adverse effects will be a significant reduction in development cooperation. Urging advanced nations to improve their support for development, the contributors to this volume revisit the causes of the 2008 collapse and the ongoing effects of recession on global and developing economies. They reevaluate the international response to crisis and suggest more effective approaches to development cooperation. Experts on international aid join together to redesign the cooperation system and its governance, so it can accept new actors and better achieve the Millennial Development Goals of 2015 within the context of severe global crisis. In their introduction, José Antonio Alonso and José Antonio Ocampo summarize different chapters and the implications of their analyses, concluding with a frank assessment of global economic imbalance and the ability of increased cooperation to rectify these inequalities.
Author | : Hasan Cömert |
Publisher | : Edward Elgar Publishing |
Total Pages | : 277 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1783474319 |
This volume is split into two accessible sections. The first part concentrates on the impact of the crisis on growth, inequality, policy responses and policy shifts in key areas such as central banking. The second part comprises individual country case studies and includes an exploration of the vulnerabilities related to the integration of developing economies into the world economy. The effect of the crisis on trade, and the ways in which some developing countries have entered into a prolonged period of stagnant growth following the global crisis are all considered.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 263 |
Release | : 2011-11-18 |
Genre | : |
ISBN | : 9264113150 |
This report analyses the impact of “Shifting wealth” on social cohesion, largely focusing on high-growth converging countries.
Author | : Rae Lesser Blumberg |
Publisher | : Routledge |
Total Pages | : 0 |
Release | : 2016 |
Genre | : Economic development |
ISBN | : 9781138778368 |
Development in Crisis is a collection of real-world case studies on two crises of development in the Global South and North: the undercutting of state capacity and the disempowerment of women. Edited by two of America's top development sociologists, the volume shows the profound human impact of these twin threats.
Author | : P. Utting |
Publisher | : Springer |
Total Pages | : 306 |
Release | : 2012-03-02 |
Genre | : Political Science |
ISBN | : 1137002506 |
Global crises not only deeply impact the economy and people's livelihoods, they also unsettle basic ideas and assumptions about the meaning and drivers of development. This collection of theoretical and empirical studies explores the substance and politics of policy change following the 2007/8 crisis from the perspective of developing countries.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 410 |
Release | : 2008-11-04 |
Genre | : Political Science |
ISBN | : 082137608X |
Rising densities of human settlements, migration and transport to reduce distances to market, and specialization and trade facilitated by fewer international divisions are central to economic development. The transformations along these three dimensions density, distance, and division are most noticeable in North America, Western Europe, and Japan, but countries in Asia and Eastern Europe are changing in ways similar in scope and speed. 'World Development Report 2009: Reshaping Economic Geography' concludes that these spatial transformations are essential, and should be encouraged. The conclusion is not without controversy. Slum-dwellers now number a billion, but the rush to cities continues. Globalization is believed to benefit many, but not the billion people living in lagging areas of developing nations. High poverty and mortality persist among the world's 'bottom billion', while others grow wealthier and live longer lives. Concern for these three billion often comes with the prescription that growth must be made spatially balanced. The WDR has a different message: economic growth is seldom balanced, and efforts to spread it out prematurely will jeopardize progress. The Report: documents how production becomes more concentrated spatially as economies grow. proposes economic integration as the principle for promoting successful spatial transformations. revisits the debates on urbanization, territorial development, and regional integration and shows how today's developers can reshape economic geography.
Author | : Paul Brenton |
Publisher | : World Bank Publications |
Total Pages | : 217 |
Release | : 2022-03-01 |
Genre | : Business & Economics |
ISBN | : 1464818223 |
Global value chains (GVCs) have driven dramatic expansions in trade, productivity, and economic growth in developing countries. This book examines the impact of the COVID-19 pandemic on GVCs and explores whether they can continue to be a driver of trade and development. The report reviews previous crises and what these tell us about the resilience of GVC firms to shocks. It examines the observed impact of COVID-19 on trade during the sharp global recession of 2020. It summarizes discussions with GVC firms on the impacts of, and their responses to, the COVID shock. GVCs showed surprising resilience, but the rapid recovery raised new issues with supply chains. The book then explores simulations from a global economic model of the potential longer-term impacts of COVID-19 on developing countries and other key factors shaping the global economy, including the evolving role of China, increasing trade restrictions and policy responses to global warming. The analysis shows that while there are risks associated with GVCs, especially those concentrated around key nodes and where opportunities to find alternative suppliers or buyers are limited, there are mechanisms by which GVCs maintain trade relationships during a crisis, paving the way for a strong trade-led recovery. Measures are identified that can enhance the resilience of GVCs in low-income countries. This report finds that policies that maintain and enhance trade can contribute toward crisis management and recovery. Attempts to reshore production would make all countries worse off, including those that implement them, and could drive 52 million people, mainly in Africa, into extreme poverty. Measures to meet climate change commitments will have more profound impacts, leading to a shift away from carbon-intensive GVCs, while new opportunities for trade will arise in GVCs that are less carbon intensive.