Reimagining Growth

Silvana De Paula is associate professor in the Graduate Programme on Development, Agriculture and Society (CPDA) of the Federal Rural University of Rio de Janeiro in Brazil. Her degrees include a Maîtrise en Sociolinguistique, a Master’s in Development, Agriculture and Society, and a PhD in Sociology. In 1996–7 she used a Brazilian scholarship to pursue her research in the Department of Anthropology at Rice University. As a member of the CPDA faculty, she has taught and advised master’s and doctoral students since 1978, as well as coordinating research projects and Lato Sensu Graduate Courses. Silvana’s teaching, research and publications have focused on several topics: culture in the contemporary context, particularly in Brazil; cross-cultural processes; relations between countryside and city; Brazilian social thought; and civil society organization and movements. Silvana is a permanent member of the editorial board of the Editora Bom Texto in Rio de Janeiro. She has undertaken several projects with the Brazilian Institute for Social and Economic Analyses (IBASE), including studies on the World Social Forum events of 2003 (Brazil) and 2004 (India), and research on Brazilian civil society since the Rio Conference of 1992.Gary Dymski taught at the University of Southern California before joining the faculty at the University of California, Riverside, where he is now professor of economics. Gary is currently serving as founding director of the University of California Center, Sacramento. His publications include The Bank Merger Wave (1999), several edited books, and more than 100 articles and chapters on banking, financial fragility, urban development and poverty, credit-market redlining and discrimination, the Latin American and Asian financial crises, exploitation, and housing finance. He was a research fellow in economic studies at the Brookings Institution, and has been a visiting scholar at Tokyo University, the Bangladesh Institute for Development Studies, the Federal University of Rio de Janeiro, and the University of São Paulo. He is a research associate of the Economic Policy Institute and a member of several editorial boards.

‘Reimagining Growth excavates and restores the rich traditions of Prebisch, Keynes, Minsky, Schumpeter and Veblen and applies them to problems of economic development in the rubble left by the Washington Consensus. These subtle papers find unity in commitment to robust institutions, anchored in democratic legitimacy and in respect for the diversity of needs, conditions, and policies arising around the world. In giving this commitment new theoretical form, Reimagining Growth goes far toward emancipating development economics from the straitjackets of neoclassical thought.’James K. Galbraith, University of Texas at Austin‘This book is essential reading for those who care about the future of economic development. For the past quarter-century, development policy was put at the service of orthodox economic theory. The results have been poor: inequality has increased in a large number of countries, the rate of growth has been frustrating in most of the developing world and macroeconomic crises have been frequent. Now development theory must be put at the service of equity and development. Reimagining Growth takes up this challenge, addressing such major issues as national and intra-national power relations, social inequality and discrimination, innovation, and financial fragility. Some of the chapters introduce the reader to new ways of understanding democracy from below, while inviting the reader to find new arenas and ways of creating it. This book moves us closer to a new, broader conceptual basis for economic development.’Jose Antonio Ocampo, under-secretary-general of the United Nations for Economic and Social Affairs‘Reimagining Growth is a collection of interesting and provocative pieces in that they renew development schemas, models and theories. Historical experience, political conflicts and other development perspectives are part of the analyses presented. This book’s new visions, interpretations and languageallow us to better understand development.’Dr Joao Sayad, vice president for finance and administration, Inter-American Development Bank

• Part I: Framing the Problem1. Introduction - Silvana De Paula and Gary A. Dymski2. The Planned Development of Latin America: A Rhetorical Analysis of Three Documents from the 1950s - Ana Maria Bianchi3. The Other Canon and Uneven Growth : The Activity-specifc Elements of Economic Development - Erik S. ReinertPart II: Rethinking the Role of Institutions and Macrostructures in Development4. Institutions and Economic Development: Constraining, Enabling and Reconstituting - Geoffrey M. Hodgson5. The Role of Institutions in Economic Change - Ha-Joon Chang and Peter Evans6. Banking and Financing of Development: A Schumpeterian and Minskyian Perspective - Jan Kregel and Leonardo BurlamaquiPart III: Rethinking the Microstructure of Development: Individuals and Communities in Global and Local Spaces7. Consumer Society: What Opportunities for New Expressions of Citizenship and Control? - John Wilkinson8. Society, Community, and Economic Development - Michael Storper9. Poverty and Social Discrimination: A Spatial Keynesian Approach - Gary A. DymskiPart IV: Rethinking the Participatory Process: Local and Global Connections10. The World Social Forum: A Space for the Translation of Diversity in Social Mobilization - Nelson Giordano Delgado and Jorge O. Romano