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15889 results in Economic development and growth

Page 1 of 795

Jobless Growth and the New Great Transformation
  • A Data Driven Analysis
  • Mauro Gallegati, Enzo Valentini, Fabiano Compagnucci, Andrea Gentili
  • Coming soon
  • Expected online publication date:
    June 2026
    Print publication:
    30 June 2026
  • Technological change and innovation have long fueled economic growth and employment. Yet, in recent decades, productivity gains have increasingly failed to translate into more jobs and higher wages. Jobless Growth and the New Great Transformation investigates this apparent paradox, by examining the theoretical and empirical evidence about the relationship between innovation and structural change. It combines rigorous and cutting-edge data analysis with EU case studies to reveal how recent technological breakthroughs, far from driving shared prosperity, have slowed growth, widened spatial divides and fueled societal polarization, partly due to excessive confidence in market deregulation. Drawing on data-driven analyses, the book explains why impacts of innovation vary so widely between regions and how history, institutions, and policy-not just market forces-determine who benefits from technological advances and who is left behind.

Who Thinks Like an Economist?
  • How the Economist Mental Model Shapes Political Decisions
  • Beatrice Magistro
  • Coming soon
  • Expected online publication date:
    June 2026
    Print publication:
    30 June 2026
  • Recent populist waves raise crucial questions about why economically harmful policies such as tariffs, Brexit, or immigration restrictions gain popular support. Conventional explanations focus on economic self-interest or cultural values; however, Beatrice Magistro's Who Thinks Like an Economist argues that the puzzle lies in how voters think. She introduces the innovative Economist Mental Model (EMM), which predicts attitudes toward trade, immigration, AI, and more. She explains that those adopting the Economist Mental Model are more likely to favor welfare-enhancing policies and prioritize cost-benefit information over partisan cues, while individuals with Alternative Mental Models (AMMs) show limited responsiveness to economic information and tend to support policies promising short-term relief at the expense of long-term welfare.  Drawing on surveys and experiments in Italy, the UK, and the U.S., Magistro offers an indispensable guide for scholars and policymakers seeking to understand—and counter— the appeal of populist policies that ultimately harm society.

The Political Economy of Rwanda's Rise
  • Pritish Behuria
  • Coming soon
  • Expected online publication date:
    May 2026
    Print publication:
    31 May 2026
  • Drawing on a decade of research and more than 580 interviews, this innovative political economy case study explores Rwanda's bold attempt to transform its economy after the 1994 genocide into one of the most rapidly growing countries in Africa. Pritish Behuria offers a multi-sector analysis of how globalisation and domestic politics shape contemporary development challenges. This study critically analyses the Rwandan Patriotic Front's ambitions to reshape Rwanda into a regional services hub while grappling with foreign dependency, elite vulnerability and limited financial resources. Through extensive analysis of the political economy of multiple sectors and the macro-economy, Behuria uses the Rwandan case as a window into answering why structural transformation remains so elusive on the continent. The Political Economy of Rwanda's Rise provides fresh insights into highlighting the contemporary challenges facing African countries as they integrate into the global economy. This title is also available as open access on Cambridge Core.

A History of India's Green Revolution (South Asia Edition)
  • A Reign of Technocracy
  • Prakash Kumar
  • Coming soon
  • Expected online publication date:
    May 2026
    Print publication:
    01 July 2027

Industrial Development and Division of Labour
  • A History of Analysis
  • P. Sai-wing Ho
  • Coming soon
  • Expected online publication date:
    April 2026
    Print publication:
    30 April 2026
  • A country's industrial policy aims at promoting the development of sectors that often relate to manufacturing and is especially important for less-developed countries as they seek to catch up economically. Industrial Development and Division of Labor re-examines the long history behind the debate on its formulation and organises the discussion around the two types of division of labour found in Adam Smith's Wealth of Nations. One type has evolved to become the neoclassical perspective and its notion of market failure that has heavily skewed the debate's history. Noting its limitations, including the simplified catch-up learning that is conceived, this book illustrates that arguments for industrial policy that are rejected by Neoclassical economists – so-called 'protectionist' and import-substituting ones – and newer notions involving innovation systems actually share roots with Smith's other type of labour division. They offer broader perspectives on policy that call for establishing elaborate interactive contexts for learning for development.

Abandoning Democracy for the Nation
Revisiting Globalization

Revisiting Globalization
  • Southeast Asia in the Global Factory
  • Prema-chandra Athukorala, Hal Christopher Hill
  • Coming soon
  • Expected online publication date:
    April 2026
    Print publication:
    30 April 2026
  • One 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.

Where's Coase?
  • The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions
  • Gary D. Libecap
  • Coming soon
  • Expected online publication date:
    March 2026
    Print publication:
    31 March 2026
  • Ronald Coase's Nobel work outlined gains by reducing transaction costs and promoting property rights and markets to confront externalities. Countering market failure assertions and calls for centralized government intervention, Coase retorted that decentralized market negotiations could be welfare-improving by promoting collaborative, efficient problem solving, and releasing resources to the general economy. Despite this, his approach is not central to any US environmental law implemented after 1970. Federal government mandates dominate. Where's Coase? explains why. The private objectives of political agents lead to policies that are likely to be too costly and inequitable, despite provision of public goods. Citizens face high collective action costs and lack information to distinguish between public goods and private agent benefits. Examining three major environmental laws: the Clean Air Act, the Magnuson Stevens Fishery Act, and the Endangered Species Act, the book explores policy development and assesses the resulting costs relative to Coase's framework.

Varieties of Peripheral Growth Models
  • Towards a New Comparative Political Economy of Development
  • Michael Schedelik, Christian May, Andreas Nölke, Daniel Mertens, Alexandre De Podestá Gomes, Tobias ten Brink
  • Coming soon
  • Expected online publication date:
    February 2026
    Print publication:
    28 February 2026
  • This 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.
Developmental Dilemmas

Developmental Dilemmas
  • The Role of Power and Agency
  • William D. Ferguson
  • Coming soon
  • Expected online publication date:
    February 2026
    Print publication:
    28 February 2026
  • Why 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.
Gender Economics in the Global South

Gender Economics in the Global South
  • Olivia Bertelli
  • Coming soon
  • Expected online publication date:
    February 2026
    Print publication:
    28 February 2026
  • Despite 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.

Why the Rush?
  • An Institutional Economic Analysis of Homesteading and the Settlement of the West
  • Douglas W. Allen, Bryan Leonard
  • Coming soon
  • Expected online publication date:
    February 2026
    Print publication:
    28 February 2026
  • Establishing economic property rights is a ubiquitous human activity that is key to the creation of wealth. Why the Rush? combines economic and historical analysis to argue that the institution of homesteading, as established in the US through the Homestead Act of 1862, was a method to establish meaningful, economic property rights on the American frontier. It explains how homesteading rushed millions of people into specific areas, established a meaningful sovereignty without the use of military force and became the means by which the US Thwarted military and legal challenges. Using fine-grained data, along with a detailed theoretical analysis and exhaustive institutional content, this book makes a serious contribution to the study of economic property rights and institutions providing the definitive analysis of the economics of homesteading and its role in American economic history.

  • 13 - Supply-side Structural Reform and Economic Transformation and Upgrading under the New Normal

  • Justin Yifu Lin, Peking University, Beijing
  • Translated by Wang Qiong, Hunan Normal University
  • Book:
    Demystifying the Chinese Economy
    Published online:
    12 December 2025
    Print publication:
    08 January 2026, pp 254-275

  • Summary

    After 2010, China’s economic growth rate continued to decline. This is partly due to the fact that, after the financial crisis in 2008, the developed economies have not fully recovered, resulting in insufficient external demand for China. Meanwhile, China suffered from excess capacity. To address this malaise, in addition to reducing production capacity on the supply side, it can adopt beyond Keynesianism stimulus, featuring proactive fiscal policy to support investment in infrastructure. Such investments can help eliminate growth bottlenecks in industrial upgrading and strengthen weak links on the supply side.

  • 11 - Deflationary Expansion and Building a New Socialist Countryside

  • Justin Yifu Lin, Peking University, Beijing
  • Translated by Wang Qiong, Hunan Normal University
  • Book:
    Demystifying the Chinese Economy
    Published online:
    12 December 2025
    Print publication:
    08 January 2026, pp 214-236

  • Summary

    In 1998, China experienced deflation accompanied by fast economic growth, which made many foreign scholars doubt the reality of China’s economic growth. The main cause for this paradox is overcapacity from previous massive investments. To address these challenges, this chapter introduces a new initiative called the “new socialist countryside drive.” This initiative aims to improve public infrastructure in rural areas, leverage the stock of rural demand to absorb the existing production capacity and overcome deflation. Additionally, these efforts contribute to narrowing the gap in public services between urban and rural areas.

  • 9 - Reforming the State-owned Enterprises

  • Justin Yifu Lin, Peking University, Beijing
  • Translated by Wang Qiong, Hunan Normal University
  • Book:
    Demystifying the Chinese Economy
    Published online:
    12 December 2025
    Print publication:
    08 January 2026, pp 185-199

  • Summary

    China’s gradual transition has avoided the economic collapse and stagnation caused by the shock therapy in the Soviet Union and Eastern Europe, but many problems arising during the rapid development are closely related to the incomplete SOE reform. The root cause of SOEs’ problems is the policy burdens. Privatizing SOEs without first addressing the policy burden would only exacerbate the problems. Therefore, the removal of policy burdens is the prerequisite for a smooth transition to a market economy.

Page 1 of 795