Shortcut or Piecemeal

Economic Development Strategies and Structural Change

AvJan Winiecki

Häftad, Engelska, 2023

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Beskrivning

Alternative strategies of economic development have received little attention in the literature. Academics rarely compare certain strategic features or assess the performance of different strategies in terms of outcomes. This book seeks to address that gap and to provide a theoretical background to the shift from industry to human capital-intensive services as the engine of economic growth. Pioneering studies reveal interesting trends and patterns that point to the growing importance of intangible capital for the level of GDP. They also indicate a much greater role of economic freedom in bringing about this second great structural change than was the case with industrialization. With this perspective on structural change and the role of freedom, Shortcut or Piecemeal also provides an extensive assessment of four key developing countries: Brazil, Russia, India, and China. Subjects: 1. Central planning—History. 2. Economic development—History

Produktinformation

Utgivningsdatum:2023-09-15
Mått:152 x 229 x 15 mm
Vikt:342 g
Format:Häftad
Språk:Engelska
Antal sidor:226
Förlag:Central European University Press
ISBN:9789633867044

Utforska kategorier

Internationell ekonomi inom Ekonomi och Ledarskap

Mer om författaren

Jan Winiecki is Professor and Chair of International Economics at the University of Information Technology and Management (WSIZ) in Rzeszow, Poland, former member of the Polish President’s Policy Advisory Council.

Innehållsförteckning

Introduction Part I: Developmental StrategiesPursued over the Past CenturyChapter 1: Centrally Planned and Administered Economy and Steep Ascent Strategy: A Complete FailureChapter 2: Development Economics-based Strategy in Less Developed Countries: An Incomplete FailureChapter 3: A Shift Toward Better Understood (and Appreciated) Classical Economic Prescriptions: An Incomplete Success Part II: Transformations of Output Structure in the Process of Economic DevelopmentChapter 4: Industrialization: The First Major Phase of Structural TransformationChapter 5: The Shift to Human Capital-intensive Market Services: The Second Major Phase of Structural Transformation Part III: Applying the Conclusions: BRIC Countries’ Developmental StrategiesChapter 6: Russia and China: Some Historical as well as Performance Similarities (up to a Point…)Chapter 7: India and Brazil: Two “Great Potentials” Postscript: On Choosing Inefficient Institutions