Abstract
The notion of international development has evolved giving new meanings to the discipline of development economics. This evolution has been the product of the flux in the global economy affecting both ‘developing’ and ‘developed’ countries. Three broad areas of concern are: First, the extent to which there is any type of consensus around which ‘current issues’ are most important—and why. Second, whether there is any consensus about the analytical methods which are appropriate for an understanding of the main characteristics of the ‘issues’ within economics or ‘political economy’. Third, whether there is any consensus about the nature of economic policies (and strategies) which can be used to address these issues effectively. There is need for a heterodox lens to address the mega-questions that both developed and developing countries will have to contend with in the next few decades: climate change; issues of development financing and cooperation; artificial intelligence, innovations and the world of work; pandemics and public health; population, migration and demographic dividends; human rights and (de)globalisation.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Alario, M., L. Kanellakou, and S. Carlton-Ford. 2015. Climatic Disruptions, Natural Resources, and Conflict: The Challenges to Governance. Journal of Environmental Studies and Sciences 6 (2): 251–259.
Amsden, A. 1989. Asia’s Next Giant: South Korea and Late Industrialisation. New York: Oxford University Press.
Asante, M.K. 2007. The Ideological Origins of Chattel Slavery in the British World. Slavery Remembrance Day Memorial Lecture, Liverpool Town Hall. www.liverpoolmuseums.org.uk. Accessed 21 Aug 2007.
Beck, U. 1992. Risk Society—Towards a New Modernity. London: Sage Publications.
Bloom, D., D. Canning, and J. Sevilla. 2003. The Demographic Dividend: A New Perspective on the Economic Consequences of Population Change. Arlington, VA: RAND Corporation. www.rand.org.
Bourguignon, F. 2015. The Globalization of Inequality. Princeton: Princeton University Press.
Brandt, W. 1980. North–South: A Programme for Survival—The Report of the Independent Commission on International Development Issues under the Chairmanship of Willy Brandt. London: Pan Books.
Budina, N., T. Kinda, A. Schaechter, and A. Weber. 2012. Fiscal Rules at a Glance: Country Details from a New Dataset. IMF Working paper WP/12/273. Washington, DC: IMF.
Centeno, M.A., and J.N. Cohen. 2012. The Arc of Neoliberalism. Annual Review of Sociology 38 (1): 317–340.
Chambers, R. 1989. Vulnerability, Coping and Policy. IDS Bulletin 20 (2): 1–7.
Chang, H.-J. 2002. Kicking Away the Ladder: Development Strategy in Historical Perspective. London: Anthem Press.
Chang, H.-J. 2007. The East Asian Development Experience: The Miracle, the Crisis and the Future. London: Zed Books.
Cohen, J.N., and M.A. Centeno. 2006. Neoliberalism and Patterns of Economic Performance, 1980–2000. Annals of the American Academy of Political and Social Science 606: 32–67.
Colás, A. 2005. Neoliberalism, Globalisation and International Relations. In Neoliberalism: A Critical Reader, ed. A. Saad-Filho and D. Johnston, 70–80. London: Pluto Press.
Currie-Alder, B. 2016. The State of Development Studies: Origins, Evolution and Prospects. Canadian Journal of Development Studies 37 (1): 5–26.
Death, C., and C. Gabay. 2015. Doing Biopolitics Differently? Radical Potential in the Post-2015 MDG and SDG Debates. Globalizations 12 (4).
Duffill, M. 2004. The Africa Trade from the Ports of Scotland, 1706–66. Slavery and Abolition 25 (3): 102–122.
Durlauf, S., and L. Blume. 2008. The New Palgrave: Dictionary of Economics, vol. 4. Basingstoke: Palgrave Macmillan.
Easterly, W. 2006. The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good. New York: The Penguin Press.
Elson, D. 1992. Male Bias in Structural Adjustment. In Women and Adjustment Policies in the Third World, ed. H. Afshar and C. Dennis. Women’s Studies at York Series. London: Palgrave Macmillan.
Elson, D. 2018. Push No One Behind. Journal of Globalization and Development 9 (2): 1–12.
Frank, A. 1998. Re-Orient: Global Economy in the Asian Age. Berkeley: University of California Press.
Fukuda-Parr, S., and D. McNeill. 2019. Knowledge and Politics in Setting and Measuring the SDGs: Introduction to Special Issue. Global Policy 10 (S1): 5–15.
Haggard, S. 2018. Developmental States. Cambridge: Cambridge University Press.
Harmes, A. 2012. The Rise of Neoliberal Nationalism. Review of International Political Economy 19 (1): 59–86.
Harris, N. 1986. The End of the Third World: Newly Industrializing Countries and the Decline of an Ideology. Harmondsworth: Penguin Books.
Hayek, F. 1944. The Road to Serfdom. Chicago: University of Chicago Press.
Held, D., and A. McGrew. 2002. Globalisation / Anti-Globalisation: Beyond the Great Divide, 2nd ed. Cambridge: Polity Press.
Horner, R. 2020. Towards a New Paradigm of Global Development? Beyond the Limits of International Development. Progress in Human Geography 44 (3): 415–436.
Horner, R., and D. Hulme. 2019a. From International Development to Global Development: New Geographies of 21st Century Global Development. Development and Change 50 (2): 347–378.
Horner, R., and D. Hulme. 2019b. Global Development, Converging Divergence and Development Studies: A Rejoinder. Development and Change 50 (2): 495–510.
ILO. 2021. World Social Protection Report 2020–2022. International Labour Office.
Ingham, B. 1993. The Meaning of Development: Interactions Between “New” and “Old” Ideas. World Development 21 (11): 803–1821.
Jones, K.E., N.G. Patel, M.A. Levy, A. Storeygard, D. Balk, J.L. Gittleman, and P. Daszak. 2008. Global Trends in Emerging Infectious Diseases. Nature 451: 990–993.
Kaldor, N. 1982. The Scourge of Monetarism. Oxford: Oxford University Press.
Kararach, G. 2014. Development Policy in Africa: Mastering the Future? Basingstoke: Palgrave Macmillan.
Kararach, G. 2022. Disruptions and Rhetoric in African Development Policy. London: Routledge.
Lal, D. 1985. The Poverty of Development Economics. Cambridge, MA: Harvard University Press.
Lall, S. 1996. Learning from the Asian Tigers: Studies in Technology and Industrial Policy. Basingstoke: Palgrave.
Leeson, P., and F. Nixson. 2004. Development Economics in the Department of Economics at the University of Manchester. Journal of Economic Studies 31 (1): 6–24.
Leontief, W. 1977. The Future of the World Economy. Socio-Economic Planning Sciences 11 (3): 171–182.
Lewis, D. 2015. Contesting Parallel Worlds: Time to Abandon the Distinction Between the ‘International’ and ‘Domestic’ Contexts of Third Sector Scholarship? VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations 26 (5): 2084–2103.
Lewis, D. 2017. Should We Pay More Attention to South-North Learning? Human Service Organizations: Management, Leadership and Governance 31 (4): 327–331.
Lindbeck, A. 1987. Individual Freedom and Welfare State Policy. Seminar Paper No. 389. Stockholm: Institute for International Economic Studies.
Little, I. 1982. Economic Development: Theory, Policy and International Relations. New York: Basic Books.
Mazzucato, M. 2013. The Entrepreneurial State: Debunking Public vs. Private Myths in Risk and Innovation. London: Anthem Press.
Mazzucato, M. 2018. The Value of Everything: Makers and Takers in the Global Economy. London: Allen Lane.
Megginson, W.L., and J.M. Netter. 2001. From State to Market: A Survey of Empirical Studies on Privatization. Journal of Economic Literature 39 (2): 321–389.
Meinhard, S., and N. Potrafke. 2012. The Globalization-Welfare State Nexus Reconsidered. Review of International Economics 20 (2): 271–287.
Mill, J.S. 1869. On Liberty, 4th ed. London: Longmans, Green, Reader and Dyer—Accessed from The Gutenberg Project at the Project Gutenberg eBook of On Liberty, by John Stuart Mill, 13 Aug 2022.
Mirowski, P., and D. Plehwe, eds. 2009. The Road from Mont Pèlerin. The Making of the Neoliberal Thought Collective. Cambridge, MA: Harvard University Press.
Mises, L.V. 1944. Bureaucracy. New Haven, CT: Yale University Press.
Mohan, G., and G. Wilson. 2005. The Antagonistic Relevance of Development Studies. Progress in Development Studies 5 (4): 261–278.
Mosley, P., J. Harrigan, and J. Toye. 1991. Aid and power: The World Bank and Policy-Based Lending, 2 vol. London: Routledge.
Moyo, D. 2009. Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa. New York: Farrar, Straus and Giroux.
Nixson, F. 2006. Rethinking the Political Economy of Development: Back to Basics and Beyond. Journal of International Development 18 (7): 967–981.
ODI. 2022. ODI Bites: Decolonising Development, Reparations and a Justice-Centred Approach to ‘Aid’. London: Overseas Development Institute. Accessible from www.odi.org.
Önis, Z. 1997. The Limits of Neoliberalism: Toward a Reformulation of Development Theory. Journal of Economic Issues 29 (1): 97–119.
Perkins, D.H., S. Radelet, D.L. Lindauer, and S.A. Block. 2013. Economics of Development, 7th ed. New York: Norton.
Piketty, T. 2014. Capital in the Twenty-First Century. Cambridge, MA: Harvard University Press.
Piketty, T. 2022. A Brief History of Equality. Cambridge, MA: Harvard University Press.
Pritchett, L. 1997. Divergence, Big Time. Journal of Economic Perspectives 11 (3): 3–17.
Rodrik, D. 2008. The New Development Economics: We Shall Experiment, but How Shall We Learn? Faculty Research Working Paper RWP08-055, John F. Kennedy School of Government. Cambridge, MA: Harvard University.
Rodrik, D. 2018. Straight Talk on Trade: Ideas for a Sane World Economy. Princeton: Princeton University Press.
Rodrik, D. 2022. The New Productivism Paradigm? July 5, 2022. Accessed from www.project-syndicate.org.
Rudra, N. 2002. Globalization and the Decline of the Welfare State in Less-Developed Countries. International Organization 56 (2): 411–444.
Sala-I-Martin, X. 1987. I Just Ran Two Million Regressions. American Economic Review 87 (2): 178–183.
Sawyer, M. 1993. The Nature and Role of the Market. In Transactions Costs, Markets and Hierarchies, ed. C. Pitelis. London: Macmillan.
Sen, A.K. 1990. Welfare, Freedom and Social Choice: A Reply. Recherches Economiques De Louvain 56 (3/4): 451–485.
Severino, J.M., and O. Ray. 2009. The End of ODA: Death and Rebirth of a Global Public Policy. CGD Working Paper 167. Washington, DC: Center for Global Development.
Sidaway, J. 2012. Geographies of Development: New Maps, New Visions? Professional Geographer 64 (1): 49–62.
Smith, C. 2012. A Brief Examination of Neoliberalism and Its Consequences. Sociology Lens. Accessible from www.sociologylens.net.
Steffen, W., K. Richardson, J. Rockstrom, S.E. Cornell, and I. Fetzer. 2015. Planetary Boundaries: Guiding Human Development on a Changing Planet. Science 347 (6223): 736–746.
Stiglitz, J.E. 2013. The Price of Inequality. London: Penguin Books.
Sumner, A. 2016. The World’s Two New Middles: Growth, Precarity, Structural Change and the Limitations of the Special Case. Working Paper 2016/34. Helsinki: UNU-WIDER.
Sumner, A., and M. Tribe. 2008. International Development Studies: Theories and Methods in Research and Practice. London: Sage Publications.
Temin, P. 2017. The Vanishing Middle Class: Prejudice and Power in a Dual Economy. Cambridge, MA: MIT Press.
Thorsen, D.E. 2009. The Neoliberal Challenge: What Is Neoliberalism? Contemporary Readings in Law and Social Justice 2 (2): 188–214.
Toye, J. 2003. Changing Perspectives in Development Economics. In Rethinking Development Economics, ed. H.-J. Chang. London: Anthem Press.
Tribe, M. 2020. Introduction: Economic Neoliberalism and International Development. In Economic Neoliberalism and International Development, ed. M. Tribe. London: Routledge.
Tribe, M., F.I. Nixson, and A. Sumner. 2010. Economics and Development Studies. London: Routledge.
Truman, H. 1949. Inaugural Address—Accessed from Inaugural Address | Harry S. Truman trumanlibrary.gov. 12 Aug 2022.
Turin, D.R. 2010. The Beijing Consensus: China’s Alternative Development Model. Inquiries Journal 2 (1): 1–2.
United Nations. 2000. United Nations Millennium Declaration. www.ohchr.org. Accessed 12 Aug 2022.
United Nations. 2015. The Paris Agreement: What Is the Paris Agreement? The Paris Agreement. https://unfccc.int. Accessed 12 Aug 2022.
United Nations. 2022. Do You Know All 17 SDGs? https://sdgs.un.org/goals. Accessed 23 Oct 2022.
UNDP. 2013. Human Development Report: The Rise of the South—Human Progress in a Diverse World. New York: UNDP.
Wade, R. 2003. Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. New York: Princeton University Press.
Wade, R. 2018. The Developmental State: Dead or Alive? Development and Change 49 (2): 518–546.
Wilkinson, R., and K. Pickett. 2010. The Spirit Level: Why Equality Is Better for Everyone. London: Penguin Books.
Williamson, J. 2004. The Strange History of the Washington Consensus. Journal of Post Keynesian Economics 27 (2): 195–206.
Wincott, D. 2013. The (Golden) Age of the Welfare State: Interrogating a Conventional Wisdom. Public Administration 91 (4): 806–822.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Kararach, G., Tribe, M. (2023). The Future, Development Economics and Global Policy Actions. In: Tribe, M., Kararach, G. (eds) The Political Economy of Global Manufacturing, Business and Finance . International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-25832-9_2
Download citation
DOI: https://doi.org/10.1007/978-3-031-25832-9_2
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-25831-2
Online ISBN: 978-3-031-25832-9
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)