Introduction to “Rethink Economic Development, Growth and Institutions”

This article is an introduction to the book “Rethinking economic development, growth, and institutions” (forthcoming in Oxford University Press, 2013). It presents a summary of the main theses and themes addressed by the book: the recent developments in the economics of growth and development, with...

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Autor principal: Ros, Jaime
Lenguaje:Español
Publicado: Facultad de Economía 2014
Acceso en línea:http://www.revistas.unam.mx/index.php/ecu/article/view/45114
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article45114oai
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Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
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language Español
description This article is an introduction to the book “Rethinking economic development, growth, and institutions” (forthcoming in Oxford University Press, 2013). It presents a summary of the main theses and themes addressed by the book: the recent developments in the economics of growth and development, with particular attention to the ascent of the new institutional economics, the controversies on the fundamental determinants of development levels, the role of aggregate demand in the growth process and the progress of endogenous growth theory. Above all, it argues for reconsidering and incorporating in the mainstream of the discipline the insights of classical development theory, by which I mean the contribu tions of the pioneers of development economics in the 1950s, whose main characteristics come from considering heterogeneous economies, subject to technological and pecuniary externalities associated with increasing returns to scale and the existence of wide sectors with labor surpluses, in which growth is viewed as the transition from low level to high level equilibria, resulting from resource reallocation, structural change and the endogeneity of technological change and productivity advances
author Ros, Jaime
spellingShingle Ros, Jaime
Introduction to “Rethink Economic Development, Growth and Institutions”
author_facet Ros, Jaime
author_sort Ros, Jaime
title Introduction to “Rethink Economic Development, Growth and Institutions”
title_short Introduction to “Rethink Economic Development, Growth and Institutions”
title_full Introduction to “Rethink Economic Development, Growth and Institutions”
title_fullStr Introduction to “Rethink Economic Development, Growth and Institutions”
title_full_unstemmed Introduction to “Rethink Economic Development, Growth and Institutions”
title_sort introduction to “rethink economic development, growth and institutions”
publisher Facultad de Economía
publishDate 2014
url http://www.revistas.unam.mx/index.php/ecu/article/view/45114
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article45114oai
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