The Palgrave Handbook of Development Economics Critical Reflections
In today’s ever globalised world, we are witness to a shifting world order with significant changes not only in political-economic relationships but also in the changing demographics of developing nations. This handbook explores how many developing
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he Palgrave Handbook of Development Economics “The discipline of development economics has undergone dramatic changes over the decades since the first burst of creative writing around the 1950s. From the rise of big data, randomized control trials and emergence of new theoretical methods to the changing landscape of the real world whereby developing countries now have to deal with myriad shocks originating elsewhere and as part of the globalization process, development economics today looks very different from what it did even a few decades ago. Moreover, the subject is now an important part of mainstream economics. This book is a fascinating stocktaking of this evolution, with contributions from some of the finest development economists in the world, including several who helped shaped the discipline. Given the book’s ambitious scope and careful but critical analysis of the discipline it can serve as a first-rate collection of readings for today’s students of development economics.” —Professor Kaushik Basu, Professor of Economics and Carl Marks Professor, Cornell University, the President of the International Economics Association and former Chief Economist of the World Bank “This volume offers expert expositions on key methodological, conceptual and empirical issues in economic development while tracing the evolution of the field of modern development economics through the lenses of the evolution of major schools of thought over time. The careful analysis presented in this volume helps to refocus our understanding of economic development as a set of processes involving structural changes aimed at achieving sustainable development in its economic, social, environmental, political and institutional dimensions. The analysis in the volume calls for a critical, innovative, forward-looking and pluralistic approach to development economics and cautions against naive reliance on narrow quantitative approaches that distract the researcher and policy maker from fundamental big-picture economic, institutional and political phenomena. The volume is a gold mine for researchers, development policy makers, and teachers of advanced and graduate development economics.” —Professor Léonce Ndikumana, Professor and Chair, Department of Economics, University of Massachusetts Amherst “Machiko Nissanke and José Antonio Ocampo have coordinated and edited a handbook on development economics that is a most impressive contribution in its breadth, depth, and freshness. The covered territory encompasses the history of the discipline and its various directions, the central issues of its contemporary agenda, including growth, inequality and institutional development, the role of development finance, labour market institutions, technological innovation and ecological sustainability in the development process, and, last but no least, the past and current problems related
to globalisation of finance, trade, and migration. Highly recognized experts, including a number of towering figures or precursors in particular subfields, have contributed each
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