Globalization, economic development and inequality : an alternative perspective

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Title:

Author:

Reinert, Erik S., 1949-

ISBN:

9781858988917

9781847204721

Edition:

Pbk ed.

Publication Information:

Cheltenham : Edward Elgar, 2007, c2004.

Physical Description:

viii, 339 p. : ill. ; 24 cm.

Series:

New Horizons in institutional and evolutionary economics

Series Title:

New Horizons in institutional and evolutionary economics

General Note:

Originally published: 2004.

Formerly CIP.

Contents:

GEN-BOOK Canon : the history of Renaissance economics / Natural versus social sciences : on understanding in economics / Views of the German historical school on the issue of international income distribution / Technical progress and obsolescence of capital and skills : theoretical foundations of nineteenth-century US industrial and trade policy / Natural resources, industrialization and fluctuating standards of living in Peru, 1950-97 : a study of activity-specific economic growth / Globalization in the periphery as a Morgenthau Plan : the underdevelopment of Mongolia in the 1990s / Technological revolutions, paradigm shifts and socio-institutional change / Income inequality in changing techno-economic paradigms / Information technology in the learning economy : challenges for developing countries / Diversity : implications for income distribution / Convergence, divergence and the Kuznets curve

Subject Term:

International trade -- Social aspects.

Income distribution.

Technological innovations -- Economic aspects.

Globalization -- Economic aspects.

Globalization -- Social aspects.

Economic development.

Evolutionary economics.

Added Author:

Reinert, Erik S., 1949-

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168023682897	330 R367G 2007	1	Searching... Unknown

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Summary

Evolutionary economics gained acceptance for the study of industrialized countries during the 1990s but has, as yet, contributed little to the study of world income inequality.

The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of 'creative destruction' may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations.

Members of the anti-globalization movement will find the explanations given in this book insightful, as will employees of international organizations due to the important policy messages. The theoretical interest within the book will appeal to development economists and evolutionary economists, and policymakers and politicians will find the explanations of the present failure of many small nations in the periphery invaluable.