Suchergebnisse

Most development economists are versed only in the post-World War II period of their subject. But economic growth was a major concern in the 18th century, and colonial economics and policy commanded much attention in the 19th and first half of the 20th centuries. A return to these earlier concerns can now provide present-day development economists with a greater appreciation of the intellectual history of their subject. Even more, such a return might strengthen the conceptual and empirical foundations of the subject. These are this book's objectives.

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AbstractThis report evaluates research in development studies in the United Kingdom, primarily over the period 1980 to the present. It focuses on the content, quality, relevance and impact of both economic and non‐economic research studies. On the basis of these considerations, it offers numerous recommendations for improving future performance.

AbstractEconomists involved in offering policy advice to developing countries have often expressed frustration at the extent to which political factors within developing countries have thwarted the implementation of effective economic reform. While the focus of economic policy in the first few decades after World War II was on overcoming market failures, since the 1970s the focus has been on overcoming government failures. This paper examines how politics interacts with economic policy, in particular to consider if the new political economy can help us to achieve the political reform that seems essential if economic reform programmes are to be effective. The conclusion is that economic advice, and advisers, must understand the political environment within which policies will be implemented.

Among the several inductive studies of the international transfer mechanism, Professor Viner's investigation of Canada's foreign borrowings in the period 1900–13 has provided the most convincing substantiation of the classical price-specie-flow mechanism. Yet, on the theoretical level, the neo-Keynesian theory of international trade now makes it difficult to accept the classical view of the transfer process as a complete explanation. And, on the empirical level, the availability of more comprehensive statistics and further research in Canada's economic history now allow us to understand in greater detail the forces of economic growth which were particularly strong in Canada during the years of foreign borrowing. Should we not therefore attempt to supplement Professor Viner's study by recognizing the relevance of income analysis and the historical context of economic development?To place Professor Viner's study in this wider frame of analysis is the objective of this paper. Section one briefly recalls the conclusions of Professor Viner's investigation. The second section establishes some significant features of Canada's economic development, while the final section relates these features to the operation of the transfer mechanism and revises Professor Viner's interpretation.