The global crisis of 2008-09 has brought to the forefront a plethora of economic and political policy issues. There is a re-opening of discussion on basic economic concepts, appropriate framework for analysis, role of private and public sectors in the economy, structural transformation of economies, human development and managing of growing risks and crises. The purpose of this book has been to bring home the inter-linkages in various parts of the economy and the need for practical policy mak...

Mainstream economic analysis has traditionally overlooked gender. The individual—the basic category of analysis—was regarded as genderless. Neither gender discrimination nor segmentation and segregation within the labor market or within the household was present. Contributions from development theory, new household economics (NHE), labor economics, and feminist analysis have done much to change this. Focusing on gender equality—by which we mean equality in opportunity, inputs, and outcome—...

Mainstream economic analysis has traditionally overlooked gender. The individual?the basic category of analysis?was regarded as genderless. Neither gender discrimination nor segmentation and segregation within the labor market or within the household was present. Contributions from development theory new household economics (NHE) labor economics and feminist analysis have done much to change this. Focusing on gender equality?by which we mean equality in opportunity inputs and outcome?has yiel...

The literature on growth and poverty is voluminous and still evolving. This title distills the most important lessons from developing countries' experience with growth and poverty. It provides a broad understanding of the impact of economic policies on growth and poverty reduction in developing countries. After describing basic economic relationships that summarize the workings and the measurement of the macroeconomy--and after confirming that growth is the most critical factor in allevi...

A BREATHTAKINGLY CLEAR ANALYSIS OF TODAY’S ONGOING ECONOMIC CRISIS In this updated edition of Capitalism Hits the Fan, Professor Wolff explains why capitalism's global crisis persists, why bank bailouts and austerity policies fail, and why deepening economic inequality now generates historic social tensions and conflicts and worsens the ongoing crisis. This book chronicles one economist’s growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and the...

There is no alternative to neoliberal economics - or so it appeared when Reclaiming Development was published in 2004. Many of the same driving assumptions - monetarism and globalization - remain within the international development policy establishment. Ha-Joon Chang and Ilene Grabel confront this neoliberal development model head-on by combining devastating economic critique with an array of innovative policies and an in-depth analysis of the experiences of leading Western and East Asian...

The global financial crisis of 200809 did not just change the global economic order. It also changed the way we think about that order. Principles and practices that were once accepted wisdom are now in doubt or discredited. New fundamental questions opened. And the search for answers has barely begun. For the developing world that conceptual uncertainty is particularly uncomfortablethrough a mix of good policies and good luck they had begun to achieve real progress. Will all that now be dera...

Despite economic hardships during the past 20 years, Africa has recently enjoyed positive real economic growth, transformed its economic structures and systems, and improved living standards. Much of this owes to the determined pursuit of growth-oriented adjustment efforts, with IMF support, by nearly 30 African countries. Edited by I.G. Patel, this volume discusses progress made by Africa in the 1980s and prospects and needs for continued development in the 1990s.

This volume goes beyond a narrow conceptualization of macroeconomic stability and explores the link between socio-economic policies, structural transformation and inclusive development. It rests on three thematic pillars: the limits of conventional macroeconomics; the long run agenda of structural transformation and the development of capabilities.