Globalization, Economic Development and Inequality

Language: English

Published by Edward Elgar Publishing Ltd, GB, 2004

1858988918 / 9781858988917

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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.…

Seller Inventory # LU-9781858988917

Title
Globalization, Economic Development and Inequality
Author
Erik S. Reinert
Publisher
Edward Elgar Publishing Ltd, GB
Publication year
2004
Condition
New
Binding
Hardback
Language
English
ISBN 10
1858988918
ISBN 13
9781858988917
Dimensions
15.88 x 3.18 x 23.5 cm

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