Reimagining Growth Towards a Renewal of Development Theory

by De Paula, Silvana; Dymski, Gary A.

• ISBN13: 9781842775851
• ISBN10: 1842775855
• Format: Paperback
• Copyright: 2005-08-20
• Publisher: Zed Books

Summary

In this volume a group of eminent economists and other social scientists seek to present an innovative new approach to economic development, drawing in part from certain heterodox intellectual traditions within economics as well as from the other social sciences. The intention is to point the way theoretically to a much more sophisticated understanding of economic development. The ultimate prize, they show, by grounding theory in a more accurate analysis of social change, is policies that really will deliver higher economic growth and greater social justice worldwide.

Author Biography

Silvana De Paula is Associate Professor in the Graduate Program on Development, Agriculture and Society (CPDA) of the Federal Rural University of Rio de Janeiro in Brazil. Gary Dymski is Professor of Economics at the University of California.

Table of Contents

Abbreviations	ix
Acknowledgements	xi
Part i Framing the Problem	1	(82)
1 Introduction	3	(24)
SILVANA DE PAULA AND GARY A. DYMSKI
Putting Theory in the Service of Development	3	(8)
A Tour through the Contributions	11	(9)
Rethinking the Participatory Process: Local and Global Connections	20	(1)
Conclusion	21	(6)
2 The Planned Development of Latin America: A Rhetorical Analysis of Three Documents from the 1950's	27	(25)
ANA MARIA BIANCHI
Raul Prebisch and Cepalino Discourse	28	(2)
Principal Theoretical Influences	30	(1)
The Deterioration of the Terms of Exchange Seen through a Metaphor	31	(2)
Planned Development	33	(2)
Empirical Data and Cepalino Discourse	35	(3)
The Heterodox Character of Cepalino Discourse	38	(2)
The Committed Character and Enthusiastic Reception of Cepalino Thought	40	(3)
Negative Reactions	43	(2)
Conclusion	45	(7)
3 The Other Canon and Uneven Growth: The Activity-specific Elements of Economic Development	52	(31)
ERIK S. REINERT
Introduction: Steeped in a Paradigm Lacking Key Conceptual Tools	52	(5)
Barter-based Economics as Harmonielehre - a System of Automatic Harmony	57	(4)
Models of Growth	61	(7)
Production-based Economics: How Economic Activities Differ, and Why it Matters	68	(9)
Conclusions	77	(6)
Part ii Rethinking the Role of Institutions and Macrostructures in Development	83	(86)
4 Institutions and Economic Development: Constraining, Enabling and Reconstituting	85	(14)
GEOFFREY M. HODGSON
What Are Institutions?	85	(4)
The Necessity of Institutions and the Nature of Markets	89	(2)
Reconstitutive Downward Causation	91	(3)
Conclusions	94	(5)
5 The Role of Institutions in Economic Change	99	(42)
HA-JOON CHANG AND PETER EVANS
Introduction	99	(3)
Conceptualizing the Causes and Consequences of Institutional Change	102	(7)
The (Rise and) Decline of the Korean Developmental State	109	(11)
Institution-Building at the Global Level: The World Trade Organization (WTO) as an Illustrative Case	120	(9)
Conclusion: Towards an Institutionalist Approach to Economic Change	129	(12)
6 Banking and the Financing of Development: A Schumpeterian and Minskyian Perspective	141	(28)
JAN KREGEL AND LEONARDO BURLAMAQUI
Introduction	141	(1)
Schumpeter, Penrose, and Minsky on the Firm: Knowledge-based and Cash-flow Approaches	142	(2)
A Schumpeterian Capabilities View of Finance, Innovation, and Growth	144	(3)
A Minskyian View of Banks, Finance, and Liquidity	147	(4)
Competition, Regulation, and Innovation in Banking	151	(3)
Globalization, Financial Fragility, and Developing Countries	154	(3)
Perspectives on Financial Policies and Development: German and US Experiences	157	(6)
Summary	163	(6)
Part iii Rethinking the Microstructure of Development: Individuals and Communities in Global and Local Spaces	169	(90)
7 Consumer Society: What Opportunities for New Expressions of Citizenship and Control?	171	(27)
JOHN WILKINSON
Introduction	171	(2)
Zygmund Bauman - Consuming Life	173	(2)
Rochefort and the Consumer Entrepreneur	175	(1)
Consumers at the Point of Purchase	176	(4)
The Dynamics of Post-purchase Use	180	(4)
Consumers as Actors in the Innovation Process	184	(2)
The Consumer Citizen in the Regulation and Definition of Markets	186	(4)
Alternative Producer-Consumer Networks	190	(2)
Market Exclusion -What Future for Bauman's' Flawed Consumer'?	192	(1)
Conclusions	193	(5)
8 Society, Community, and Economic Development	198	(32)
MICHAEL STORPER
Society or Community?	198	(2)
What Do We Mean by Society and Community?	200	(5)
The Economic Contributions of Society and Community	205	(10)
How Society and Community Frame Incentives	215	(6)
Conclusion: Social Forces, Politics, and Economics	221	(9)
9 Poverty and Social Discrimination: A Spatial Keynesian Approach	230	(29)
GARY A. DYMSKI
Introduction	230	(1)
Defining Poverty and Discrimination: Agent-based versus Structural Approaches	231	(3)
A Spatial Approach to Development, Poverty, and Discrimination	234	(6)
Some Keynesian Ideas about Economic Development and Poverty	240	(6)
A Spatial Keynesian Approach to Development, Poverty, and Discrimination	246	(4)
Conclusion	250	(9)
Part iv Rethinking the Participatory Process: Local and Global Connections	259	(39)
10 The World Social Forum: A Space for the Translation of Diversity in Social Mobilization	261	(37)
NELSON GIORDANO DELGADO AND JORGE O. ROMANO
The World Social Forum in the Context of the New Social Movements	262	(5)
The Forum as a Social Fad	267	(5)
The World Social Forum 'From the Inside': Thematic Areas and Consensual and Planned Activities	272	(11)
Advancing through the 'Inside' of the World Social Forum: An Illustration of its Thematic and Purposeful Multiplicity/Complexity	283	(8)
Final Comments	291	(7)
Notes on the Contributors	298	(4)
Index	302