Varieties of Peripheral Growth Models: Towards a New Comparative Political Economy of Development (Elements in Development Economics) - Hardcover

Schedelik, Michael; May, Christian; Nölke, Andreas; Mertens, Daniel; Gomes, Alexandre De Podestá; Ten Brink, Tobias

Hardcover

ISBN 10: 1009546732 ISBN 13: 9781009546737

Publisher: Cambridge University Press, 2026

Synopsis

This Element seeks to develop an empirical research agenda that explores the applicability of the growth model perspective in comparative political economy to emerging capitalist economies (ECEs). Such an approach emphasizes the variety of possible growth models and their implications for development, providing an alternative to universalizing economic models as prevalent in mainstream development discourse. Using national accounts data for several large ECEs in the period from 2001 to 2022, the authors first propose a typology of peripheral growth models with varying degrees of economic vulnerability. Most notably, they add an investment-led model to the prevalent juxtaposition of consumption-led and export-led growth models. Subsequently, they employ several case vignettes from Brazil, Indonesia, South Africa, Turkey, Thailand and Vietnam to unpack the effects of volatile international interdependencies, such as commodity cycles, and diverse political underpinnings on peripheral growth models. This title is also available as open access on Cambridge Core.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2026
• Language: English
• ISBN 10: 1009546732
• ISBN 13: 9781009546737
• Binding: Hardcover
• Number of pages: 92