BiblioVault - Books about Development economics

Behind the Development Banks

Washington Politics, World Poverty, and the Wealth of Nations

Sarah Babb

University of Chicago Press, 2009

The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse.

Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.

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A Critical History of Poverty Finance

Colonial Roots and Neoliberal Failures

Nick

Pluto Press, 2022

A comprehensive historical tracing of how the contemporary finance-poverty-development nexus emerged.

'The definitive account of the history of poverty finance' - Susanne Soederberg

Finance, mobile, and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe the hype?

A Critical History of Poverty Finance demonstrates how newfangled 'digital financial inclusion' efforts suffer from the same essential flaws as earlier iterations of neoliberal 'financial inclusion.' Relying on artificially created markets that simply aren't there among the world's most disadvantaged economic actors, they also reinforce existing patterns of inequality and uneven development, many of which date back to the colonial era.

Bernards offers an astute analysis of the current fintech fad, contextualized through a detailed colonial history of development finance, that ultimately reveals the neoliberal vision of poverty alleviation for the pipe dream it is.

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Development Theory and the Economics of Growth

Jaime Ros

University of Michigan Press, 2000

Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge at similar levels of per capita income? Or is catching up simply impossible? These questions have vast implications for human welfare. After a period of lack of interest in growth theory, they are back on the research agenda of mainstream economics. They have also been at the heart of development economics since its inception some decades ago. This book endeavors to answer such questions by blending classical contributions to development theory with recent developments in the economics of growth.

The unifying theme is that early theoretical insights and accumulated empirical knowledge of development economics have much to offer to research in the theory and empirics of economic growth. With the help of a number of recent contributions, the ideas and insights of the classical literature in development economics can be given simple and rigorous formulations. Together, they amount to an approach to growth theory that can overcome the long-recognized empirical shortcomings of neoclassical growth economics, while being free from the objections that can be raised against the new brand of endogenous growth theory.

In addition to an original thesis on the contribution that early development theory can make to the research program of modern growth economics, the book provides professional and research economists and graduate students with an evaluation of the strengths and limitations of the different strands of inquiry in the modern economics of growth. In addition it presents findings on comparative growth performance across countries.

Jaime Ros is Professor of Economics and Faculty Fellow of the Helen Kellogg Institute of International Studies, University of Notre Dame.

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Fragments of Development

Nation, Gender, and the Space of Modernity

Suzanne Bergeron

University of Michigan Press, 2005

By tracing out the intersection between the imagined space of the national economy and the gendered construction of "expert" knowledge in development thought, Suzanne Bergeron provides a provocative analysis of development discourse and practice. By elaborating a framework of including/excluding economic subjects and activities in development economics, she provides a rich account of the role that economists have played in framing the contested political and cultural space of development.

Bergeron's account of the construction of the national economy as an object of development policy follows its shifting meanings through modernization and growth models, dependency theory, structural adjustment, and contemporary debates about globalization and highlights how intersections of nation and economy are based on gendered and colonial scripts. The author's analysis of development debates effectively demonstrates that critics of development who ignore economists' nation stories may actually bolster the formation they are attempting to subvert. Fragments of Development is essential reading for those interested in development studies, feminist economics, international political economy, and globalization studies.

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From the Local to the Global, Third Edition

Key Issues in Development Studies

Edited by Gerard McCann and Stephen McCloskey

Pluto Press, 2015

In recent years, the international development sector has found itself confronting new and persistent challenges to poverty eradication and the promotion of human rights. From The Local to the Global highlights the extent to which the local and global are interconnected in today’s world economy and questions the legitimacy of the neo-liberal model of development that they argue has propelled us into the crisis.
This completely revised third edition takes stock of the international development environment as it embarks on new policy frameworks to confront new challenges, ensuring that From the Local to the Global will continue to serve as an indispensable introduction to key development issues such as aid, debt, trade, migration, security, gender, and climate change.

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Poverty and Wealth in East Africa

A Conceptual History

Rhiannon Stephens

Duke University Press, 2022

In Poverty and Wealth in East Africa Rhiannon Stephens offers a conceptual history of how people living in eastern Uganda have sustained and changed their ways of thinking about wealth and poverty over the past two thousand years. This history serves as a powerful reminder that colonialism and capitalism did not introduce economic thought to this region and demonstrates that even in contexts of relative material equality between households, people invested intellectual energy in creating new ways to talk about the poor and the rich. Stephens uses an interdisciplinary approach to write this history for societies without written records before the nineteenth century. She reconstructs the words people spoke in different eras using the methods of comparative historical linguistics, overlaid with evidence from archaeology, climate science, oral traditions, and ethnography. Demonstrating the dynamism of people’s thinking about poverty and wealth in East Africa long before colonial conquest, Stephens challenges much of the received wisdom about the nature and existence of economic and social inequality in the region’s deeper past.

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