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Development

The Re-Balancing of Economic Powers

  • Book
  • © 2018

Overview

Authors:
  1. Gianni Vaggi

    1. Department of Economics and Business, University of Pavia, Pavia, Italy

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  • Presents a recent history of development theories and debates from 1950 to the present

  • Presents a theoretical framework to discuss different issues related to growth, multifaceted development and power structures

  • Stresses the role of economic powers and structures, paying particular attention to the issue of financialization

  • Argues that development is a dialectic relationship between people's empowerment and the existing social and economic structures

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xv
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  2. In the Beginning, There Was Economic Growth

    • Gianni Vaggi
    Pages 1-24

  3. Towards a Broader Definition of Development

    • Gianni Vaggi
    Pages 25-49

  4. The Economy Strikes Back; Convergence, Divergence and Imbalances

    • Gianni Vaggi
    Pages 51-74

  5. The Founding Fathers and the Long-Run Visions

    • Gianni Vaggi
    Pages 75-102

  6. Sustainable Reproduction, on Use and Exchange Values

    • Gianni Vaggi
    Pages 103-125

  7. Making Global Partnership Work

    • Gianni Vaggi
    Pages 127-146

  8. Back Matter

    Pages 147-172
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Keywords

About this book

This book provides a brief history of the notion of development and  related policies. Readers will find an overview of the main development notions and debates from 1950 to the 2015 Sustainable Development Goals. The author argues that sustainable development is equal to empowerment within a specific historical setting; development is a dialectic relationship between people's empowerment and the existing social and economic structures. The book examines some well-known growth theories from Harrod in 1939 to contemporary debates views about the role of the state and the market. Some major structural changes are also examined from economic growth in Asia to international finance: the author contends that contemporary issues on development can be better understood with the help of the founding fathers of economics, from the Mercantilist era to Marx. They help to understand the difficult relationship between development and market forces within different models of social and economic reproduction. The author contends that the main development challenge is that of building a global partnership in a system with enormous differences in economic powers and offers some examples of how to re-balance the existing economic powers particularly in trade and finance.


     

Authors and Affiliations

  • Department of Economics and Business, University of Pavia, Pavia, Italy

    Gianni Vaggi

About the author

Gianni Vaggi is Professor of Economics of Cooperation and Development and Director of the homonymous Master Program at the University of Pavia, Italy. He has coordinated several cooperation and development programs in the Middle East and in Sub-Saharan Africa and is Director of the UNESCO UNITWIN Network in International Cooperation and Development. He was awarded his PhD in Economics from the University of Cambridge, UK. His main fields of research are the history of economic thought and development economics. 

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