BiblioVault - Books about Economic policy

Dead Ends of Transition

Rentier Economies and Protectorates

Edited by Michael Dauderstädt and Arne Schildberg

Campus Verlag, 2006

After war, many countries, such as Bosnia, Kosovo, Afghanistan, or Iraq, the transition to a democratic market economy extremely difficult. This failure to thrive, Dead Ends of Transition demonstrates, is often the result of national reliance on foreign aid. Rentier states, the contributors to this study argue, have few incentives to respond to the needs of their societies. Taking a closer look at the policies of rentier economies, this book further identifies new ways in which these countries and their international partners could work together to ease the critical transition to democracy.

[more]

The Decline of Latin American Economies

Growth, Institutions, and Crises

Editied by Sebastian Edwards, Gerardo Esquivel, and Graciela Márquez

University of Chicago Press, 2007

Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and historians. The Decline of Latin American Economies examines the reality behind the struggling economies of Argentina, Chile, and Mexico.

A distinguished panel of experts argues here that slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and political unrest undermined the financial outlook of already besieged economies. Tracing Latin America’s growth and decline through two centuries, this volume illustrates how a once-prosperous continent now lags behind. Of interest to scholars and policymakers alike, it offers new insight into the relationship between political systems and economic development.

[more]

Deconstructing the Monolith

The Microeconomics of the National Industrial Recovery Act

Jason E. Taylor

University of Chicago Press, 2019

The National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation’s recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level “codes of fair competition” that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production quotas, and imposing restrictions on new productive capacity.
The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act’s codes and the radical heterogeneity of its impact across industries and time. Deconstructing the Monolith employs a mixture of archival and empirical research to enrich our understanding of how the program affected the behavior and well-being of workers and firms during the two years NIRA existed as well as in the period immediately following its demise.

[more]

The Defining Moment

The Great Depression and the American Economy in the Twentieth Century

Edited by Michael D. Bordo, Claudia Goldin, and Eugene N. White

University of Chicago Press, 1997

In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and economists connect the origins of the fiscal, monetary, and social policies that have characterized American government in the second half of the twentieth century. In the most comprehensive collection of essays available on these topics, The Defining Moment poses the question directly: to what extent, if any, was the Depression a watershed period in the history of the American economy? This volume organizes twelve scholars' responses into four categories: fiscal and monetary policies, the economic expansion of government, the innovation and extension of social programs, and the changing international economy. The central focus across the chapters is the well-known alternations to national government during the 1930s. The Defining Moment attempts to evaluate the significance of the past half-century to the American economy, while not omitting reference to the 1930s.

The essays consider whether New Deal-style legislation continues to operate today as originally envisioned, whether it altered government and the economy as substantially as did policies inaugurated during World War II, the 1950s, and the 1960s, and whether the legislation had important precedents before the Depression, specifically during World War I. Some chapters find that, surprisingly, in certain areas such as labor organization, the 1930s responses to the Depression contributed less to lasting change in the economy than a traditional view of the time would suggest. On the whole, however, these essays offer testimony to the Depression's legacy as a "defining moment." The large role of today's government and its methods of intervention—from the pursuit of a more active monetary policy to the maintenance and extension of a wide range of insurance for labor and business—derive from the crisis years of the 1930s.

[more]

Democracy Without Equity

Failures of Reform in Brazil

Kurt Weyland

University of Pittsburgh Press, 1996

In Democracy without Equity, Weyland investigates the crucial political issue for many Latin American countries: the possibility for redistributing wealth and power through the democratic process. He focuses on Brazil’s redistributive initiatives in tax policy, social security, and health care. Weyland’s work is based on some 260 interviews with interest group representatives, politicians, and bureaucrats, the publications of interest groups, speeches of policy makers, newspaper accounts, legislative bills, congressional committee reports, and more. He concludes that, in countries whose society and political parties are fragmented, the prospects for effective redistributive policies are poor.

[more]

The Dependency Movement

Scholarship and Politics in Development Studies

Robert Packenham

Harvard University Press, 1992

In the first comprehensive scholarly treatment of dependency theory, Robert Packenham describes its origins, substantive claims, and methods. He analyzes the movement comparatively and sociologically as a significant episode in inter-American and North-South cultural relations. In his account, the positive intellectual contributions of dependency ideas, as well as their role in the costly politicization of U.S. scholarship, become evident and comprehensible.

[more]

Developing Uganda

Hölger Bernt Hansen

Ohio University Press, 1998

Uganda's recovery since Museveni came to power in 1986 has been one of the heartening achievements in a continent where the media have given intense coverage to disasters. This book assesses the question of whether the reality lives up to the image that has so impressed the supporters of its recovery. What has actually happened? How successful have the reforms been thus far? What are the prospects for Uganda's future?

Essays by the top scholars in the Weld span the breadth of the issue, from Uganda's growth out of poverty to development at the grass roots level. Developing Uganda replaces the myth and misinformation the last decade has witnessed with a realistic scrutiny by those who have studied it with care and caution.

[more]

Development as Communication

A Perspective on India

Uma Narula

Southern Illinois University Press, 1986

This book applies a systematic communication theory to the 30-plus years of development experience in India.

Never before has development been treated from a communication perspective. This perspective demonstrates that the role of communication in development is not limited to the technology of satellites or to the economics of mass media; it is a way of thinking about the interaction among all agents involved.

The empirical data describe patterns of social realities, actions, and communication networks among planners, contact agents, and the masses in two Indian communities. The result is an analytical review of development theories and practice in India.

This study is practical as well as theoretical. The authors show how the theory of the “coordinated management of meaning” applies to large-scale social interactions. They also offer specific recommendations for Indian development planners.

[more]

The Development Frontier

Essays in Applied Economics

P. T. Bauer

Harvard University Press, 1991

P. T. Bauer is a pioneer: from the outset his studies and reflections about economic development led him to conclusions that diverge from the mainstream. The Development Frontier illustrates his characteristic approach, in which economic analysis is allied with careful observation of the economic scene and economic processes in the less developed world. The book is further enriched by his understanding of the interplay between social and political factors and forces conventionally regarded as falling within the purview of economics.

One of Bauer's central themes is the crucial importance of traders in transforming subsistence and near-subsistence economies into exchange economies. In contrast to the conventional view that traders are parasitic, Bauer views them as productive: they encourage new wants, convey information about new opportunities, and help producers take advantage of these opportunities. Other major topics include internal trade in less developed countries, occupational distribution and economic advance, Third World debt, price and income stabilization of primary producers, and official resource transfers (foreign aid).

Bauer presents arresting insights and graphic illustrations. He challenges the preconceptions and attitudes of nonspecialists and specialists alike, whether he is writing about the role of traders, the population explosion, Hong Kong, or the views of the late Sir John Hicks on economic history.

[more]

Development Policy

Edited by Walter P. Falcon and Gustav F. Papanek

Harvard University Press, 1971

The contributors draw on their extensive experience as advisers to the Pakistan Planning Commission. Walter Falcon and Joseph J. Stern provide a general summary of Pakistan's development. The well-documented volume then focuses on specific economic issues. Stern analyzes inter-regional income differences and the trade-off between growth and regional equity. G. C. Hufbauer discusses West Pakistan's rapidly increasing exports, as well as effective subsidies and taxation, costs, and discrimination among exports. Henry D. Jacoby examines the application of a model to the planning of a whole power system. Robert Repetto is concerned with costs involved in designing an irrigation system. Falcon and Carl H. Gotsch study Punjab agriculture, the rationality of Punjabi farmers and their responses to prices and technological change. John W. Thomas provides important empirical evidence on a program to provide employment: the rural public works of East Pakistan. Gustav Papanek, former Director of the Development Advisory Service, discusses the occupational background and financing of Pakistan's industrial entrepreneurs and the relationship between their education and their success.

[more]

Development Prospects in Cuba

An Agenda in the Making

Edited by Pedro Monreal

University of London Press, 2002

The 1990s witnessed significant changes in the Cuban economy. The first half of the decade focused on obtaining the adjustments necessary to enable the country to overcome the profound economic crisis that had befallen it. The second half was characterized by the reality and possibilities of economic recovery. This volume may be the first academic text specifically written to assess the development perspectives of Cuba in the new conditions that prevail. The overarching question is "What comes after recovery?" The authors deal with questions of immediate relevance to the Cuban economy and its recent past, with emphasis placed on the implications for long-term prospects for development. This reflects the conviction that solutions to the challenge of development will require longer periods of analysis and different areas of focus than those which have served as the temporal and conceptual references for recent studies of the island's economy. Contributors include Julio Carranza, Anicia Garci;a, Hiram Marquetti, Lázaro Peña, Omar Everleny Perez, and Julio Di;az Vázquez (University of Havana), Claes Brundenius (Centre for Development Research, Copenhagen), David Dapice (Tufts University and Harvard University), Francisco León (United Nations Economic Commission for Latin America and the Caribbean), and Mauricio de Miranda (Pontificia Universidad Javeriana, Colombia).

[more]

Digital Depression

Information Technology and Economic Crisis

Dan Schiller

University of Illinois Press, 2014

The financial crisis of 2007-08 shook the idea that advanced information and communications technologies (ICTs) as solely a source of economic rejuvenation and uplift, instead introducing the world to the once-unthinkable idea of a technological revolution wrapped inside an economic collapse. In Digital Depression, Dan Schiller delves into the ways networked systems and ICTs have transformed global capitalism during the so-called Great Recession. He focuses on capitalism's crisis tendencies to confront the contradictory matrix of a technological revolution and economic stagnation making up the current political economy and demonstrates digital technology's central role in the global political economy. As he shows, the forces at the core of capitalism--exploitation, commodification, and inequality--are ongoing and accelerating within the networked political economy.

[more]

Dignifying Argentina

Peronism, Citizenship, and Mass Consumption

Eduardo Elena

University of Pittsburgh Press, 2011

During the mid-twentieth century, Latin American countries witnessed unprecedented struggles over the terms of national sovereignty, civic participation, and social justice. Nowhere was this more visible than in Peronist Argentina (1946–1955), where Juan and Eva Perón led the region’s largest populist movement in pursuit of new political hopes and material desires. Eduardo Elena considers this transformative moment from a fresh perspective by exploring the intersection of populism and mass consumption. He argues that Peronist actors redefined national citizenship around expansive promises of a vida digna (dignified life), which encompassed not only the satisfaction of basic wants, but also the integration of working Argentines into a modern consumer society. From the mid-1940s onward, the state moved to boost purchasing power and impose discipline on the marketplace, all while broadcasting images of a contented populace.
Drawing on documents such as the correspondence between Peronist sympathizers and authorities, Elena sheds light on the contest over the dignified life. He shows how the consumer aspirations of citizens overlapped with Peronist paradigms of state-led development, but not without generating great friction among allies and opposition from diverse sectors of society. Consumer practices encouraged intense public scrutiny of class and gender comportment, and everyday objects became freighted with new cultural meaning. By providing important insights on why Peronism struck such a powerful chord, Dignifying Argentina situates Latin America within the broader history of citizenship and consumption at mid-century, and provides innovative ways to understand the politics of redistribution in the region today.

[more]