Studies in Development Strategy and Systemic Transformation examines many of the leading issues in economic development. In Part I, Professor Griffin analyses strategic visions: the role of culture in long-term economic growth; globalization and its implications for the territorial state and global governance; the human development strategy; and the effects of the distribution of productive assets on the pace of development. Part II is concerned with systemic transformation and macroeconomic reform. Alternative reform strategies are analysed for countries trying to effect a transition from centrally-planned to market-oriented economies. Shock therapy is severely criticized. An alternative approach to macroeconomic reform also is presented for sub-Saharan Africa, in which emphasis is placed on an investment-led strategy of structural development. A separate chapter is devoted to how an investment-led strategy could be financed with domestic resources alone. Part III contains three case studies of low-income transition economies, two of which are examples of success (Vietnam and China) and one an example of failure (Kazakhstan).
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KEITH GRIFFIN is Distinguished Professor of Economics at the University of California, Riverside. He is the author of Studies in Globalization and Economic Transitions, co-author of Implementing a Human Development Strategy, editor of Economic Reform in Vietnam and co-editor of The Distribution of Income in China.
List of Tables and Figures
Introduction
PART I: STRATEGIC VISIONS
Culture, Human Development and Economic Growth
Globalization and the Shape of Things to Come
Human Development: Origins, Evolution and Impact
The Distribution of Wealth and the Pace of Development (with Amy Ickowitz)
PART II: SYSTEMIC TRANSFORMATION AND MACROECONOMIC REFORM
Economic Policy During the Transition to a Market Orientated Economy
Macroeconomic Reform and Employment: An Investment-Led Strategy of Structural Adjustment in Sub-Saharan Africa
Domestic Resource Mobilization and Enterprise Development in Sub-Saharan Africa (with M.Brenner)
PART III: CASE STUDIES
Structural Adjustment and Macroeconomic Reform in Vietnam
Employment, Poverty and Social Protection in Kazakstan
Poverty Reduction in China (with Azizur Rahman Khan)
Index
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