Shortcut or Piecemeal

Economic Development Strategies and Structural Change

Jan Winiecki (Autor)

Buch | Softcover

226 Seiten

2023
Central European University Press (Verlag)
978-963-386-704-4 (ISBN)

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Alternative strategies of economic development have received little attention in the literature. Academics rarely compare certain strategic features or assess the performance of different strategies in terms of outcomes. This book seeks to address that gap and to provide a theoretical background to the shift from industry to human capital-intensive services as the engine of economic growth. Pioneering studies reveal interesting trends and patterns that point to the growing importance of intangible capital for the level of GDP. They also indicate a much greater role of economic freedom in bringing about this second great structural change than was the case with industrialization. With this perspective on structural change and the role of freedom, Shortcut or Piecemeal also provides an extensive assessment of four key developing countries: Brazil, Russia, India, and China. Subjects: 1. Central planning—History. 2. Economic development—History

Jan Winiecki is Professor and Chair of International Economics at the University of Information Technology and Management (WSIZ) in Rzeszow, Poland, former member of the Polish President’s Policy Advisory Council.

Introduction

Part I: Developmental Strategies

Pursued over the Past Century

Chapter 1: Centrally Planned and Administered Economy and Steep Ascent Strategy: A Complete Failure

Chapter 2: Development Economics-based Strategy in Less Developed Countries: An Incomplete Failure

Chapter 3: A Shift Toward Better Understood (and Appreciated) Classical Economic Prescriptions: An Incomplete Success

Part II: Transformations of Output Structure in the Process of Economic Development

Chapter 4: Industrialization: The First Major Phase of Structural Transformation

Chapter 5: The Shift to Human Capital-intensive Market Services: The Second Major Phase of Structural Transformation

Part III: Applying the Conclusions: BRIC Countries’ Developmental Strategies

Chapter 6: Russia and China: Some Historical as well as Performance Similarities (up to a Point…)

Chapter 7: India and Brazil: Two “Great Potentials”

Postscript: On Choosing Inefficient Institutions

Erscheinungsdatum	21.08.2023
Zusatzinfo	12 Tables, black and white; 18 Figures
Verlagsort	Budapest
Sprache	englisch
Maße	152 x 229 mm
Gewicht	310 g
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	963-386-704-5 / 9633867045
ISBN-13	978-963-386-704-4 / 9789633867044
Zustand	Neuware