{"title":"Economics: Developmental","description":"","products":[{"product_id":"the-creative-wealth-of-nations","title":"The Creative Wealth of Nations","description":"\u003cp\u003eDevelopment seen from a more holistic perspective looks beyond the expansion of material means and considers the enrichment of people's lives. The arts are an indispensable asset in taking a comprehensive approach toward the improvement of lives. Incorporating aspects of international trade, education, sustainability, gender, mental health and social inclusion, The Creative Wealth of Nations demonstrates the diverse impact of applying the arts in development to promote meaningful economic and social progress. Patrick Kabanda explores a counterintuitive and largely invisible creative economy: whilst many artists struggle to make ends meet, the arts can also be a promising engine for economic growth. If nations can fully engage their creative wealth manifested in the arts, they are likely to reap major monetary and nonmonetary benefits from their cultural sector. Drawing from his own experience of the support music provided growing up amidst political and economic turmoil in Uganda, Kabanda shows us the benefits of an arts-inclusive approach to development in Africa, and beyond.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":36053771387037,"sku":"9781108437684","price":24.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/products\/9781108437684.jpg?v=1599565834"},{"product_id":"the-connections-world","title":"The Connections World","description":"\u003cp data-mce-fragment=\"1\"\u003eA central feature of modern Asia that trumps differences in economic and political systems is the web of close relationships running between and within business and politics; the connections world. These networks facilitate highly transactional interactions yielding significant reciprocal benefits. Although the connections world has not as yet seriously impeded Asia's economic renaissance, it comes with significant costs and fallibilities. These include the creation and entrenchment of huge market power and the attenuation of competition. They in turn hold back the growth in productivity and innovation that will be essential for further development. The connections world also breeds massive inequalities that may culminate in political instability. The authors argue that if Asia's claim to the 21st century is not to be derailed, major changes must be made to policy and behaviour so as to cut away the foundations of the connections world and promote more sustainable economic and political systems.\u003cbr\u003e\u003c\/p\u003e\n\u003cdiv class=\"contentHidden\" style=\"display: block;\" data-mce-fragment=\"1\" data-mce-style=\"display: block;\"\u003e\n\u003cul class=\"academicArrowList\" data-mce-fragment=\"1\"\u003e\n\u003cli data-mce-fragment=\"1\"\u003eProvides new insights from an interdisciplinary analysis of Asia's resurgence and its prospects in the 21st century, including identifying the constraints on further, rapid economic growth and development\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eHighlights the challenges to the Asian systems based on networks of connections linking politicians and businesses, especially in the areas of innovation and job creation\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eIdentifies the main policy options that should be adopted in Asia if it is to fulfil its potential in the coming decades\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":43528289648879,"sku":"9781009169776","price":26.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/products\/9781009169776i.jpg?v=1666696085"},{"product_id":"japans-capitalism","title":"Japan's Capitalism","description":"\u003cp\u003eJapan's economic reconstruction after total defeat in the Second World War has been an extraordinary phenomenon. In Japan's Capitalism, Shigetu Tsuru, one of Japan's most eminent economists gives a comprehensive account of the recovery process, and a unique interpretation of the post-war Japanese economy. He analyses the significance of Japan's money-oriented affluence and the emergence of a distinctive 'corporate capitalism'. His conclusion is that Japan's inspired creative response to defeat has itself led to a new set of intractable problems.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":43596287148271,"sku":"9780521576215","price":27.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/products\/9780521576215i.jpg?v=1668780844"},{"product_id":"economic-prehistory","title":"Economic Prehistory","description":"\u003cspan data-mce-fragment=\"1\"\u003eAround 15,000 years ago, almost all humans lived in small mobile foraging bands. By about 5,000 years ago, the first city-states had appeared. This radical transformation in human society laid the foundations for the modern world. We use economic logic and archaeological evidence to explain six key elements in this revolution: sedentism, agriculture, inequality, warfare, cities, and states. In our approach the ultimate cause of these events was climate change. We show how shifts in climate interacted with geography to drive technological innovation and population growth. The accumulation of population at especially rich locations led to creation of group property rights over land, stratification into elite and commoner classes, and warfare over land among rival elites. This set the stage for urbanization based on manufacturing or military defense and for elite-controlled states based on taxation. Our closing chapter shows how these developments eventually resulted in contemporary global civilization.\u003c\/span\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":43702686187759,"sku":"9781108839907","price":35.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/products\/9781108839907.jpg?v=1672864192"},{"product_id":"freedoms-delayed","title":"Freedoms Delayed","description":"\u003cspan data-mce-fragment=\"1\"\u003eAccording to diverse indices of political performance, the Middle East is the world's least free region. Some believe that it is Islam that hinders liberalization. Others retort that Islam cannot be a factor because the region is no longer governed under Islamic law. This book by Timur Kuran, author of the influential Long Divergence, explores the lasting political effects of the Middle East's lengthy exposure to Islamic law. It identifies several channels through which Islamic institutions, both defunct and still active, have limited the expansion of basic freedoms under political regimes of all stripes: secular dictatorships, electoral democracies, monarchies legitimated through Islam, and theocracies. Kuran suggests that Islam's rich history carries within it the seeds of liberalization on many fronts; and that the Middle East has already established certain prerequisites for a liberal order. But there is no quick fix for the region's prevailing record of human freedoms.\u003c\/span\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":44005413191919,"sku":"9781009320016","price":30.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009320016.jpg?v=1689071971"},{"product_id":"parental-investments-and-childrens-human-capital-in-low-to-middle-income-countries","title":"Parental Investments and Children's Human Capital in Low-to-Middle-Income Countries","description":"\u003cp\u003eThis Element reviews what we know about parental investments and children's human capital in low-to-middle-income countries (LMICs).  First, it presents definitions and a simple analytical framework; then discusses determinants of children's human capital in the form of cognitive skills, socioemotional skills and physical and mental health; then reviews estimates of impacts of these forms of human capital; next considers the implications of such estimates for inequality and poverty; and concludes with a summary suggesting some positive impacts of parental investments on children's human capital in LMICs and a discussion of gaps in the literature pertaining to both data and methodology. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668786164098,"sku":"9781009336161","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009336161i.jpg?v=1779631516"},{"product_id":"survival-of-the-greenest","title":"Survival of the Greenest","description":"\u003cp\u003eThe pathways to economic development are changing. Environmental sustainability is no longer a choice but a necessity to maintain a competitive edge in the global economy. Just like in nature, where survival hinges on adaptation, this Element shows how nations adjust to -and take advantage of- the new dynamics of structural transformation induced by climate change. First, by analysing the uneven industrial geography of decarbonisation, the inadequate state of climate financing and rise of green protectionism, it demonstrates that the low-carbon economy stands to increase economic disparities between nations, unless action is taken. Then, by examining green industrial policies and their varied success, it explains how governments can still join the green industrialisation race. Finally, it examines how to adapt green industrial policy to different starting points, market sizes, productive structures, state-business relations dynamics, institutional layouts, and ecological contexts. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668787573122,"sku":"9781009339384","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009339384i.jpg?v=1779631595"},{"product_id":"economic-transformation-and-income-distribution-in-china-over-three-decades","title":"Economic Transformation and Income Distribution in China over Three Decades","description":"\u003cp\u003eIt is arguable that the most important event in the world economy in recent decades has been the rise of China, from being on a par with Sub Sahara Africa at the start of economic reform to being an economic superpower today. That rise remains under-researched. Moreover, the great structural changes which accompanied economic growth require examination. The nationally representative China Household Income Project (CHIP) surveys, conducted for the years 1988, 1995, 2002, 2007, 2013, and 2018, permit a detailed examination of many important aspects of a country's economic development. Much of the analysis of this Element is closely related to, and largely caused by, China's remarkable economic growth and income distribution over the thirty years. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668794225026,"sku":"9781009357630","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009357630i.jpg?v=1779631971"},{"product_id":"great-gatsby-and-the-global-south","title":"Great Gatsby and the Global South","description":"\u003cp\u003eIn the Global South economic mobility across generations or intergenerational economic mobility is in and of itself an important topic for research with consequences for policy. It concerns the 'stickiness' or otherwise of inequality because mobility is concerned with the extent to which children's economic outcomes are dependent on their parents' economic outcomes. Scholars have estimated levels of intergenerational mobility in many developed countries. Fewer estimates are available for developing countries, where mobility matters more due to starker differences in living standards. This Element surveys the area, conceptually and empirically; it presents a new estimate for a developing country, namely Indonesia; it discusses the 'Great Gatsby Curve' and highlights the different positions of developed and developing countries. Finally, it presents a theoretical framework to explain the drivers of mobility and the stickiness or otherwise of inequality across time. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668798058882,"sku":"9781009382724","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009382724i.jpg?v=1779632466"},{"product_id":"knowledge-and-global-inequality-since-1800","title":"Knowledge and Global Inequality Since 1800","description":"\u003cp\u003eThe Element highlights the monopolization and exclusion from high-value knowledge in analysing divergent and, recently, partially convergent income trends across 200-odd years of the global capitalist economy. A Southern lens interrogates this history, in the process showing how developing command over knowledge creation sheds light on the middle-income trap. Overall, it shows a new way of looking at global capitalist economic history, highlighting the creation of, command over and exclusion from knowledge. This forces us to analyse the role of the subjective or agential element in making history; a subjective element that, however, always works from within and transforms existing structures and processes. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668812476802,"sku":"9781009455145","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009455145i.jpg?v=1779633824"},{"product_id":"developmental-dilemmas","title":"Developmental Dilemmas","description":"\u003cp\u003eWhy do well-meaning developmental policies fail? Power intervenes. Consider the recent collapse of the peace agreement between the Colombian government and FARC guerillas. Achieving inclusive development entails resolving collective-action problems of forging cooperation among agents with disparate interests and understandings. Resolution relies on developing functional informal and formal institutions. Powerful agents shape institutional evolution—because they can. This Element outlines a conceptual framework for policy-relevant inquiry. It addresses the concept of power-noting sources, instruments, manifestations, domains of operation, and strategic templates. After discussing leadership, following, and brokerage, it addresses institutional entrepreneurship. Institutional entrepreneurs develop narratives and actions to influence incentives and interpretations of social norms and identities: foundations of strategic interactions that shape institutional evolution. This approach facilitates inquiry into the roots and consequences of context-specific developmental dilemmas: background for developmental policy analysis. This title is also available as open access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668814147970,"sku":"9781009469630","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009469630i.jpg?v=1779634029"},{"product_id":"chilean-economic-development-under-neoliberalism","title":"Chilean Economic Development under Neoliberalism","description":"\u003cp\u003eThis Element examines the process of economic development of the last 50 years or so under the neoliberal model in terms of impacts on growth, inflation, income and wealth distribution and structural change. The analysis includes a historical perspective from the 19th century to the present and combines economic analysis with a political economy approach. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668814836098,"sku":"9781009477383","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009477383i.jpg?v=1779634139"},{"product_id":"new-structural-financial-economics","title":"New Structural Financial Economics","description":"\u003cp\u003eThis Element proposes an alternative framework for rethinking the role of finance in serving the real economy from the perspective of New Structural Financial Economics. It challenges the conventional wisdom that developing countries should take the financial structure of developed countries as the benchmark and financial structure does not matter in spurring long-run economic development. As a sub-discipline of New Structural Economics, New Structural Financial Economics has three tenets. First, examining the appropriate financial structure should take an economy's factor endowment structure as the starting point of analysis, which identifies its latent comparative advantage. Second, the appropriate financial structure is determined by the financing needs of the prevailing production structure. Third, a government should provide development financing to address market failures, and make tailored financial regulations in line with the characteristics of specific financial arrangements. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668824764802,"sku":"9781009501736","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009501736i.jpg?v=1779634568"},{"product_id":"trade-in-tasks","title":"Trade in Tasks","description":"\u003cp\u003eThis Element synthesizes a decade of research on who is doing what and where in global value chains. Moving beyond the traditional product- or industry-based approach, the authors introduce a task-based framework for analyzing trade and structural transformation. This novel perspective captures the increasingly fragmented and specialized nature of global production. They present new data and methods to measure the income and employment associated with task exports, and analyze evolving patterns of task specialization along countries' development paths. By demonstrating the versatility and policy relevance of this approach, they aim to inspire further research and inform debates on trade, growth, and development. This title is also available as open access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668826239362,"sku":"9781009512985","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009512985i.jpg?v=1779634763"},{"product_id":"poverty-in-latin-america","title":"Poverty in Latin America","description":"\u003cp\u003eThis Element derives subjective poverty lines for seven Latin American countries based on a Minimum Income Question included in household expenditure surveys. It compares poverty incidence under the subjective and objective approach, finding subjective poverty is larger than objective for all countries. People identified as poor are generally poor by both measures or only subjective poor, although patterns of overlapping differ between countries. It explores the factors associated to considering oneself as poor - being subjectively poor- when the per capita household income is higher than the objective poverty line. Generally, unemployment and informality are associated with higher probability of subjective poverty. Other factors not directly involving income but reflecting high economic security also tend to reduce the probability of feeling poor. Finally, the welfare stigma effect does not seem to hold, at least in terms of subjective poverty. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668832989570,"sku":"9781009542067","price":17.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009542067i.jpg?v=1779635156"},{"product_id":"varieties-of-peripheral-growth-models","title":"Varieties of Peripheral Growth Models","description":"\u003cp\u003eThis Element seeks to develop an empirical research agenda that explores the applicability of the growth model perspective in comparative political economy to emerging capitalist economies (ECEs). Such an approach emphasizes the variety of possible growth models and their implications for development, providing an alternative to universalizing economic models as prevalent in mainstream development discourse. Using national accounts data for several large ECEs in the period from 2001 to 2022, the authors first propose a typology of peripheral growth models with varying degrees of economic vulnerability. Most notably, they add an investment-led model to the prevalent juxtaposition of consumption-led and export-led growth models. Subsequently, they employ several case vignettes from Brazil, Indonesia, South Africa, Turkey, Thailand and Vietnam to unpack the effects of volatile international interdependencies, such as commodity cycles, and diverse political underpinnings on peripheral growth models. This title is also available as open access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668833808770,"sku":"9781009546744","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009546744i.jpg?v=1779635233"},{"product_id":"escaping-poverty-traps-and-unlocking-prosperity-in-the-face-of-climate-risk","title":"Escaping Poverty Traps and Unlocking Prosperity in the Face of Climate Risk","description":"\u003cp\u003eThis Element outlines the origins and evolution of an international award-winning development intervention, index-based livestock insurance (IBLI), which scaled from a small pilot project in Kenya to a design that underpins drought risk management products and policies across Africa. General insights are provided on i) the economics of poverty, risk management, and drylands development; ii) the evolving use of modern remote sensing and data science tools in development; iii) the science of scaling; and iv) the value and challenges of integrating research with operational implementation to tackle development and humanitarian challenges in some of the world's poorest regions. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668835709314,"sku":"9781009558259","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009558259i.jpg?v=1779635452"},{"product_id":"gender-economics-in-the-global-south","title":"Gender Economics in the Global South","description":"\u003cp\u003eDespite past progress towards gender equality, recent trends reveal a stagnating - or even reversing - situation since 2019. According to recent estimates, full parity is to be reached in 134 years, shifting this achievement from 2030 to 2158. Women still exhibit worse conditions than men everywhere in the world, but the gender gaps are particularly stark in the global south. This Element provides an overview of cross-cutting edge research in the economics of gender inequality in the global south, while offering a snapshot of women's living conditions using recent worldwide available data. The evidence reviewed encompasses a large set of possible solutions to end gender inequality, from policy reforms to ban discriminatory practices and grant equal rights to men and women, to anti-poverty programs, as well as interventions facilitating women's access to formal education and the labor market. This title is also available as open access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668838166914,"sku":"9781009576376","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009576376i.jpg?v=1779635704"},{"product_id":"financing-for-development","title":"Financing for Development","description":"\u003cp\u003eThe reform of the international financial and tax systems has been at the center of global debates in recent years –in the United Nations, the World Bank, the International Monetary Fund, the OECD and the G20. The fourth United Nations Conference on Financing for Development that will take place in Spain in 2025 also represents a great opportunity to enhance global cooperation in this area. This Element analyzes six elements of the global financing for development agenda, which are dealt with in individual sections: the role and evolution of development financing; the international monetary system; sovereign debt restructuring; international tax cooperation; international trade; and critical institutional issues. Although focusing on the international agenda, many of these issues have domestic implications for developing countries. The analysis covers both the nature of cooperation and recommendations on how to improve it. This title is also available as Open Access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56668841640322,"sku":"9781009613378","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009613378i.jpg?v=1779636112"},{"product_id":"revisiting-globalization","title":"Revisiting Globalization","description":"\u003cp\u003eOne of the most significant innovations in international industrial organization over the past half-century has been the vertical disintegration of production, with different stages carried out in different countries-a process widely known as the Global Manufacturing Value Chain (GMVC). Trade based on global production sharing within GMVC has been the primary driver behind the dramatic shift in world manufacturing exports from developed to developing countries. However, there are growing concerns in policy circles about whether the GMVC is beginning to lose momentum. This study examines this issue with reference to Southeast Asian countries, which serve as an ideal laboratory for such an analysis. Engagement in GMVC has played a major role in the economic dynamism of these countries, although their levels of participation vary significantly. This title is also available as open access on Cambridge Core.\u003c\/p\u003e","brand":"Cambridge University Press Bookshop","offers":[{"title":"Default Title","offer_id":56669770973570,"sku":"9781009738477","price":18.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0475\/2031\/7597\/files\/9781009738477i.jpg?v=1779712394"}],"url":"https:\/\/www.cambridgebookshop.co.uk\/collections\/economics-developmental.oembed","provider":"Cambridge University Press Bookshop","version":"1.0","type":"link"}