This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development.
Machiko Nissanke is Professor Emeritus of Economics at School of Oriental and African Studies, University of London. She has published extensively on a wide range of topics including finance and development, debt dynamics and macroeconomic management, institutional economics and globalization in books, journals and UN reports. She has served as advisor to various international organisations and research networks, and directed several major international research programmes.
José Antonio Ocampo
is Member of the Board of Directors of Banco de la República, Colombia's central bank, and Chair of the Committee for Development Policy of the United Nations Economic and Social Council (ECOSOC). He teaches at Columbia University's School of International and Public Affairs and Universidad de los Andes in Bogotá. He has published extensively on macroeconomic theory and policy, international financial issues, economic and social development, international trade, and Colombian and Latin American economic history.
Part I: Overview1. Introduction to the Handbook- Machiko Nissanke and Jose Antonio Ocampo2. Critical Reflections on Globalisation and Development and Challenges Ahead- Machiko Nissanke and Jose Antonio OcampoPart II: Methodological and Conceptual Issues in Development Economics3. The History and Evolution of the Development Doctrine, 1950-2017- Erik Thorbecke4. Structuralists, Structure, and Economic Development- Amitava Krishna Dutt5. Development Economics and Public Economics: Emerging Analytical Interface and Practical Policy Implications- Valpy Fitzgerald6. The Process of Development: The Contribution of Regulation Theory- Robert Boyer7. Development as an Evolutionary Economic Process- Richard Nelson8. Feminist Economist's Reflections on Economic Development: Theories and Policy Debates- Maria S. FloroPart III: Socio-Economic Development Processes: Structural Change, Inequality, Poverty, Institutions and Capabilities9. The Recent Growth Boom in Developing Economies: A Structural-Change Perspective- Xinshen Diao, Margaret McMillan and Dani Rodrik10. Income Inequality in Developing Countries: Past and Present- Rolph Van der Hoeven11. The Distribution of Productive Assets and the Economics of Rural Development and Poverty Reduction- Michael R. Carter and Aleksandr Michuda12. Institutions and the Process of Industrialisation: Towards a Theory of Social Capability Development- Ha-Joon Chang and Antonio Andoreoni13. Capability Approach and Human Development- Sakiko Fukuda Parr and Ismael Cid MartinezPart IV: Finance, Labour, Technology and Ecology in Economic Development14. Development Finance: Theory and Practice- Fernando Cardim de Carvalho, Jan Kregel, Lavinia Barros de Castro and Rogerio Studart15. Critical Reappraisal of the Aid-Debt-Growth Debate: Retrospect and Prospects for Low Income Countries- Machiko Nissanke16. Labour Institutions and Development under Globalisation- Servaas Storm and Jeronim Capaldo17. Technology and Innovation for Sustainable Development- Raphael Kaplinsky18. Ecological Sustainability, Intergenerational Resource Transfer and Economic Development- Edward B. Barbier.Part V: Globalisation and Development: International Policy Agenda19. Globalisation in Historical Perspective- Deepak Nayyar20. Financial Globalisation and its Implications for Development- Ricardo Ffrench Davis and Stephanny Griffith-Jones21. Trade and Investment in the Era of Hyperglobalisation- Elissa Braunstein, Piergiuseppe Fortunato and Richard Kozul-Wright22. International Migration and Development- Hania Zlotnik23. International Monetary Systems and Economic Development- Jose Antonio Ocampo24. Global Public Goods and Governance for Addressing Sustainability- Inge Kaul.