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Publications (10)
– Core Themes in Global Economics
Leading scholars and policymakers reflect on current thinking in development economics and on what may happen during the next two decades. Covering the major themes in development in an accessible way, this original and authoritative contribution highlights new and emerging issues, and shows how...
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While the opportunities offered by globalization can be large, the question is often raised whether the actual distribution of gains is fair and, in particular, whether the poor benefit proportionately less from globalization and could under some circumstances actually be hurt by it. The paper...
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Karl Polanyi wrote The Great Transformation in 1944 which analysed the double movement Europe experienced, from a situation where the market was heavily regulated and controlled in the eighteenth century to a virtually unregulated market in the nineteenth century, and the huge transformation in...
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– Asymmetries in the Global Economy
Openness is not necessarily good for the poor. Reducing trade protection has not brought growth to today’s poorest countries, and open capital markets have not been good for the poorest households in emerging market economies. In this paper I present evidence on these two points. First, countries...
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This paper seeks to analyze the prospects for development in a changed international context, where globalization has diminished the policy space so essential for countries that are latecomers to development. The main theme is that, to use the available policy space for development, it is necessary...
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– Theory, Evidence and Policy
Innovations spur science-based trade and industrial development in a fast changing pace of globalization. Knowledge accumulation and diffusion have been increasingly recognised as fundamental factors that play an important role in long-run economic growth. This paper focuses on the long-term...
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– Critical Trends and New Challenges
At the beginning of the twenty-first century there is a rare coincidence of profound transformations in a number of areas, in population dynamics, in human settlements, in science and technology, economics, social stratification, in the role and functions of the states and in the global power...
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Institutions are not only created and built, but also, and especially, need to be learnt. It is a process which takes place in all economies, but acquires a special importance in less advanced countries. Not only theoretical arguments, but also the practical experience over the past 15 years...
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Why and when do turning points occur? How are they prepared? What are the choices before us when it comes to economic and social development policies? What is the role of culture in development? Do ideas play a role? What are the interests behind the ideas? The present paper tries to answer these...
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