Economic and Social Development into the XXI Century (Inter-American Development Bank)

Contents......Page 5
Foreword......Page 9
PART I......Page 13
Development Thinking and Practice: Introductory Essay and Policy Conclusions......Page 15
Evolving Development Policies and Practices......Page 16
Finding the Optimal Balance: Globalization, Technology, Governance, Competition and the Urban Question......Page 23
A Forward Look and the Effectiveness of Current Policies......Page 29
Globalization and the Effectiveness of Current Policies and Institutions......Page 39
State of Development Policy and the Evolving Nature of Development Thinking and Practice......Page 43
Implications for Latin America and the Caribbean......Page 48
PART II......Page 51
Globalization and Localization......Page 53
Diversity and Interaction......Page 55
Toward Systemic Diversity......Page 58
Why the \"Washington Consensus\"?......Page 60
An Agenda for 1996......Page 62
Summary......Page 70
APPENDIX......Page 72
Frances Stewart......Page 74
Bishnodat Persaud......Page 82
Toru Yanagihara......Page 88
Successes and Failures of Development Experience since the 1980s......Page 93
The 1980s and Early 1990s: Successes and Failures of Thought and of Action......Page 94
Reasons for Cautious Optimism near the Turn of the Century......Page 105
REFERENCES......Page 110
Lawrence Klein......Page 111
Richard Jolly......Page 116
Integration and Interdependence......Page 119
Uneven Benefits and Costs of Globalization......Page 125
Unemployment......Page 127
Globalization and Income Distribution......Page 132
Technology and Institutions......Page 135
Technology and the International Location of Industry......Page 138
International Institutions......Page 139
The Role of Micro-Enterprises and the Informal Sector......Page 141
Global Financial Flows......Page 147
Competitiveness......Page 148
Regional Blocs: Building Blocs or Stumbling Blocs to Globalization?......Page 150
Eleven Implications for Development Thinking and Practice......Page 153
Definitions of Globalization......Page 157
Globalization and Competitiveness in the XXI Century: A Japanese Perspective......Page 160
Increasing Globalization: Challenges to Nation-States......Page 161
Tailoring National and International Development Strategies to the Changing Needs of the XXI Century......Page 174
REFERENCES......Page 177
Dharam Ghai......Page 179
Lourdes Arizpe......Page 184
The Fundamentalist View: Seven Myths of Globalization......Page 190
Globalization, History and the Real World......Page 192
Latin America\'s Dilemmas......Page 195
REFERENCES......Page 197
PART III......Page 199
Development Thinking and Policies in Latin America and the Caribbean: Past and Future......Page 201
Trends and Shifts in Policymaking......Page 202
Recent Reforms......Page 205
Some Lessons from Recent Reforms......Page 207
An Aside: The East Asian Development Experience and Its Impact in Latin America......Page 211
Implications of Current Trends for the Future......Page 212
REFERENCES......Page 217
Helio Jaguaribe......Page 219
Ignacy Sachs......Page 223
Akio Hosono......Page 228
Catching up with the West: A Perspective on Asian Economic Development and Lessons for Latin America......Page 234
Asian Economic Development in a Comparative International Context......Page 235
Analytical and Policy Issues......Page 239
Savings, Investment and Total Factor Productivity Growth in East Asia......Page 242
Investment, Profits and Savings in Japan in the High-Growth Period (1950-1970)......Page 245
The Role of the Japanese State......Page 247
The Corporation and the Financial System in Japan......Page 251
The Government, the Corporation and the Financial System in Korea......Page 253
The Role of the State in Korea: A Comparison with Japan......Page 254
Investment, Savings and Profits in Korea......Page 256
Implications for Development Thinking......Page 258
Lessons for Latin America?......Page 261
Postscript......Page 264
REFERENCES......Page 272
Keijiro Otsuka......Page 278
Francis T.Lui......Page 281
The Political Economy of Development Policy:An Asian Perspective......Page 285
Strong and Limited Government......Page 286
What State and Why......Page 289
The Quality of State Intervention......Page 290
Accountability and Legitimacy......Page 295
REFERENCES......Page 298
Francis T.Lui......Page 300
Keijiro Otsuka......Page 303
Long-Run Considerations......Page 306
Phases of Development and Fashions in Policy, 1820-1973......Page 312
The 1973–1996 Phase: A Return to Capitalist Normalcy?......Page 316
REFERENCES......Page 327
Irma Adelman......Page 328
Wolf Grabendorff......Page 337
The Legacy of the Communist Era......Page 341
Five to Seven Years of Reform and the First Results......Page 342
Return to the A Priori Lessons from Transition in Eastern Europe and the CIS......Page 352
Contrasts with the Chinese Approach......Page 354
The Additional Uncertainty from Globalization......Page 355
John Flemming......Page 357
Dragoslav Avramovic......Page 363
Overview......Page 371
Transition to a Market Economy in Postwar Japan through the Mid-1960s: Gradualism......Page 376
Japanese Industrial Policy since the Mid-1960s: The Formulation of Visions......Page 379
Industrialization Policies in the ASEAN and ANIES Countries......Page 381
The Growth Mechanism in East Asia......Page 393
Concluding Remarks......Page 396
APPENDIX 1. Changes in Priorities of MITI\'s Policy (1950-1997)......Page 399
APPENDIX 2. Chronological Keyword Table (1945-1996)......Page 403
Nancy Birdsall......Page 406
Yung Chul Park......Page 412
PART IV......Page 415
Latin America in the XXI Century......Page 417
A Different Government Role......Page 419
Domestic Savings Capacity......Page 421
Income Distribution......Page 423
Expansion of Export Capability......Page 428
A Final Word......Page 430
Andrés Solimano......Page 431
Mitsuhiro Kagami......Page 434
Francisco R.Sagasti......Page 439
Latin America\'s Exits from the Liberal Transition......Page 443
\"Una Transición Malograda\"or a Troubled Transition......Page 446
New Social Actors......Page 452
Governability and Equity:Key Conditions for Sustained Development......Page 457
Jobs and Solidarity: Challenges for Post-Adjustment in Latin America......Page 461
The New Structural Scenario......Page 465
Emerging Consensus on New Policies for Employment Creation......Page 467
Policy Areas under Discussion: Labor Policies for Employment Creation......Page 473
Jobs and Solidarity Redefined: The Basis for a New Generation of Policies......Page 475
REFERENCES......Page 482
R.Ffrench-Davis......Page 484
Takao Fukuchi......Page 488
An Essay on the Macroeconomics of Social Development in Latin America......Page 492
Capitalism/Socialism and the Welfare State: A 2x2 Classification......Page 495
Economic Growth, Social Investment and Social Consumption......Page 500
The Lines Back: The Dead Hand of Path Dependency......Page 505
A Closer Look at Four Main Problems......Page 508
Concluding Remarks......Page 513
OTHER REFERENCES......Page 514
PART V......Page 517
Is Development Economics Still Relevant?......Page 519
How Well Do Economists Serve Development Theory and Practice?......Page 524
REFERENCES......Page 531
Contradictions of an International Antipoverty Agenda......Page 533
An Alternative Perspective on the \"Poverty Problem\"......Page 535
Alternative Approaches to Research and Policy......Page 537
Evaluating Interventions......Page 540
REFERENCES......Page 541
Experiences and Lessons......Page 543
Blood, Sweat and Tears?......Page 545
Hard Build-up and the Role of Accumulation......Page 546
Hard Business and the Fear of \"Bleeding Hearts\"......Page 548
Hard States and the Denial of Political Rights......Page 550
Capability Expansion: Human Capital and More......Page 552
Weights, Values and Public Participation......Page 554
REFERENCES......Page 557
Miguel Urrutia......Page 564
Tetsuji Okazaki......Page 566
Index......Page 569
C......Page 570
H......Page 571
M......Page 572
R......Page 573
T......Page 574
Z......Page 575
C......Page 576
D......Page 577
E......Page 578
F......Page 580
G......Page 581
I......Page 582
K......Page 584
M......Page 585
P......Page 586
S......Page 588
T......Page 589
W......Page 590