The author examines new development strategies in the context of globalisation and the crisis of the Washington Consensus. Critiquing both protectionism and the free market he points to the influence and evolution of Keynesian ideas for the management and stabilisation of development in an era marked by the unravelling of neoliberal prosperity.
Much writing about agragarian change in the Third World assumes that unfree relations are archaic forms, destined to be eliminated in the course of capitalist development. This text argues that the incidence of bonded labour is much greater than generally supposed, and that in certain situations rural employers prefer an unfree workforce.
In the early postwar years, the Philippines seemed poised for long-term economic success; within the region, only Japan had a higher standard of living. By the early 1990s, however, the country was dismissed as a perennial aspirant to the ranks of newly industrializing economies, unable to convert its substantial developmental assets into developmental success. Major reforms of the mid-1990s bring new hope, explains Paul D. Hutchcroft, but accompanying economic gains remain relatively modest and short-lived. What has gone wrong? The Philippines should have all the ingredients for developmental success: tremendous entrepreneurial talents; a well-educated and anglophone workforce; a rich endowment of natural resources; a vibrant community of economists and development specialists; and abundant overseas assistance. Hutchcroft attributes the laggard economic performance to long-standing deficiencies in the Philippine political sphere. The country's experience, he asserts, illuminates the relationship between political and economic development in the modern Third World. Through careful examination of interactions between the state and the major families of the oligarchy in the banking sector since 1960, Hutchcroft shows the political obstacles to Philippine development. "Booty capitalism," he explains, emerged from relations between a patrimonial state and a predatory oligarchy. Hutchcroft concludes by examining the capacity of recent reform efforts to encourage transformation toward a political, economic order more responsive to the developmental needs of the Philippine nation as a whole.
Central to the current development debate is the importance of human welfare in the context of group conflict. When considering ethnic, racial and religious conflict, this debate draws us toward a 'political economy' of conflict. Moreover, notions of an economic paradigm have become prominent when international organizations debate conflict prevention. In looking closer at the political economy of conflict, this publication argues the need to assimilate into our thinking distinct social and ethical economies of conflict prevention. A social economy of conflict prevention considers the interplay of economic with structural and cultural factors in conflict, explaining a much neglected category of conflict, i.e. hidden conflict. The ethical economy of conflict prevention considers implicit ethical statements development practitioners use. From these statements arise ethical paradoxes that influence the evolving economic paradigm, in such way as to contradict one of its intrinsic desires, namely, to restrict conflict prevention strategies to effective technical interventions. Eventually, such narrow focus on technical interventions could identify this evolving paradigm as an 'economical' paradigm. In contrast, a rethinking of the ethical economy of conflict prevention provides a useful tool for international organizations when implementing a human rights-based approach to development and long-term conflict prevention.
This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.
First published in 1982, this reissue deals with the theory of underdevelopment, as Dr. de Silva attempts a synthesis between the internal and external aspects of underdevelopment and, in the Marxist tradition, focuses on the impact of the external on the internal as the dominant reality. Viewing underdevelopment as a problem in the non-transformation to capitalism, this analysis is in terms of the character of the dominant capital and of the dominant classes. Underdevelopment thus encompasses the âe~traditionalâe(tm) peasant economy and also the export sector where the âe~modernizingâe(tm) influence of colonialism was felt. The book finally considers how the contemporary internationalization of capital affected the economies of the Third World.
Capitalism and Communication in the Twenty-First Century
Author: Andrew Calabrese
Publisher: Rowman & Littlefield Publishers
Category: Social Science
Several of the most important and influential political economists of communication working today explore a rich mix of topics and issues that link work, policy studies, and research and theory about the public sphere to the heritage of political economy. Familiar but still exceedingly important topics covered include market structures and media concentration, regulation and policy, technological impacts on particular media sectors, information poverty, and media access. The book also features several new topics for future political economy study.
This is a brand-new edition of the critically acclaimed Encyclopedia of Government and Politics which has been fully revised and updated to provide a systematic account of politics and political studies at the beginning of the new millennium. Providing a penetrating analysis of government and politics at a global, regional and nation-state level, the Encyclopedia assesses both traditional and contemporary approaches, and projects the paths of future research. The articles provide a degree of critical analysis far beyond a simple descriptive outline of the subject. Internationally respected contributors have been carefully selected to present contending approaches to related topics, both to clarify the political implications of the various methodologies and to enrich the portrayal of political life. With its expanded, revised and updated coverage, Encyclopedia of Government and Politics is more than ever an indispensable tool for students, teachers, professional analysts and policy-makers.