by Pan A. Yotopoulos (1996)
Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies extends recent theories of incomplete markets to investigate empirically the appropriate balance between market and state in trade relations between developed and developing countries. Yotopoulos concludes that government intervention in foreign exchange and trade is necessary in developing countries in the early stages of development and inevitably decreases as development progresses. More specifically, free currency markets are shown to have an inherent distortion that leads under-developed countries to misallocate resources systematically. Rationing of foreign exchange prevents a "soft-currency distortion" that commonly afflicts developing countries and can turn comparative-advantage trade into competitive-devaluation trade, with severe losses of income and welfare. It is found that the level of under-development narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire policies can be beneficial to developing countries, which is contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research in 70 countries to confirm the usefulness and validity of the theoretical framework. The book concludes with extended case studies of Japan, Taiwan, the Philippines, and Uruguay and with relevant policy recommendations.
Pushparāja
Author's dairy on the commercialization of agricultural lands and small holdings of peasantry in Nandīgrām, in the state of West Bengal, India; people's protest against it, political conditions, and political atrocities committed there.
Pushparāja
Author's dairy on the commercialization of agricultural lands and small holdings of peasantry in Nandīgrām, in the state of West Bengal, India; people's protest against it, political conditions, and political atrocities committed there.
Cynthia A. Watson
Nation-Building: A Reference Handbook offers an in-depth examination of the nation-building process with special focus on the late 20th century to the present. U.S. national security expert Cynthia Watson explores economic, political, and social aspects of nation-building and provides unique insight into hot issues and fundamental concerns.Presenting nation-building from many perspectives, Watson discusses states such as Iraq, Afghanistan, the Balkan countries, and East Timor, among others. She illustrates the challenges of rebuilding a country's infrastructure as well as unanticipated problems. The work provides a thorough treatment of the role that democracy plays in the nation-building process and illuminates the position of the United States juxtaposed with UN peacekeeping efforts. This one-of-a-kind reference work is complete with primary source documents, biographical sketches, and resource suggestions.
Séverine Deneulin
"Amartya Sen has shifted the welfare foundations of economic theory by assessing human well-being in terms of 'freedoms'. This has led to a new paradigm in development economics: development is about expanding the freedoms that people have reason to choose and value. Individual agency, expressed through political participation, is central to promoting these freedoms. This book examines the extent to which Sen's conception of 'development as freedom' can be a guide for development policy and for addressing poverty effectively. The book argues that, if it is to be such a guide, the theoretical foundations of 'development as freedom' need to be expanded. In particular, they will need to pay more attention to collective and historical dimensions which underpin 'freedom'. A methodology for narrating these processes is introduced."--BOOK JACKET.