Format:
1 Online-Ressource (334 Seiten)
ISBN:
9780192568380
Content:
Unevenness and inequalities form a central fact of African economic experiences. This book challenges conventional wisdoms about economic performance and possible policies for economic development in African countries, using the striking variation in economic performance as a starting point
Note:
Cover -- African Economic Development -- Copyright -- Acknowledgements -- Contents -- List of Figures -- PART I: CONTEXT -- 1: Introduction: A Fresh Outlook on Evidence, Analysis, and Policy for Economic Development in Africa -- 1.1 The Air that Policy Officials Breathe -- 1.2 How This Book Differs from Others on the Economics of Africa -- 1.3 Types of Evidence in This Book -- 1.4 How the Book is Organized and the Main Arguments It Develops -- 2: Uneven, Contradictory, and Brutal Economic Development in Africa -- 2.1 Introduction -- 2.2 Contradictory, Brutal, and Uneven -- Urban Deprivation -- Forced and Prison Labour -- Order and Discipline -- The Greenhouse Grind -- Capitalist White Elephants -- The Bad, the Ugly, and the Good in the Extractive Industry -- Capitalist Instability, 'Post-Development', and the Possibility of Progress -- The Empirical Imperative -- 2.3 Telling Poor Stories about African Development -- The Africa Dummy -- Mal-integration through a Perverse Logic -- 2.4 The Worst of Times: South Africa -- Violent Democracy -- Violent Society -- Maternal Mortality, Neonatal Mortality -- Dismal Economic Performance -- 2.5 Disappointment, Violence, and the Oppression of Women in Sub-Saharan Africa -- Violent Conflicts -- Intimate Violence and the Blaming of Girls -- Dying Young -- 2.6 The Best of Times: South Africa -- 2.7 Sub-Saharan Africa: Light at the End of the Tunnel? -- 2.8 Nigeria is a Country -- Variation and the Scope for Policy -- 2.9 Conclusion: Beware the 'Dominican Model' -- 3: Varieties of Common Sense -- 3.1 Introduction: The Fog of Development Economics -- 3.2 Common Sense and the Reproduction of Powerful Ideas -- 3.3 Sources of Pessimism in Development Economics -- Mission Impossible: Constrained by a Factor Endowment Straitjacket -- Mission Impossible: Paralysed by the Prebisch-Singer Hypothesis
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Mission Impossible: The Global Business Revolution -- Dammed If You Do -- 3.4 Naive Optimism and Capitalism with a Human Face -- Global Free Trade or Pan-African Economic Integration? Shared Naive Optimism -- 3.5 Conclusion: Clearing the Fog -- PART II: STRATEGIES OF ECONOMIC DEVELOPMENT IN AFRICA -- 4: Investment, Wage Goods, and Industrial Policy -- 4.1 Introduction -- 4.2 Investment, Savings, and the Wage Goods Constraint -- Investment Matters: 'Even a Skilful Cook Cannot Make a Meal Out of Nothing' -- Savings and Investment: The Mainstream View and the Fate of Financial Liberalization -- Investment and Savings: A More Keynesian/Kaleckian View -- The State and Uncertainty -- Development Finance: Central Banks, Development Banks, and Government Spending -- Investment, Savings, and the Question of 'Crowding Out' -- Mobilizing Savings, Managing the Growth of Consumption -- Wage Goods: The Fundamental Constraint on Financing Investment -- 4.3 Sectoral Policies and Structural Change -- Kaldor's Growth Laws and Structural Change -- The Balance of Payments Constraint -- What Counts as Manufacturing? -- Premature Deindustrialization: The Latest Version of Fracasomanía? -- 4.4 Conclusions: Criteria for Policy Priorities -- 5: The Trade Imperative -- 5.1 Introduction -- 5.2 The IMF and Macroeconomic Management -- 5.3 Structuralist Fear of Imports -- UNCTAD And IDEAs -- A Secular Decline in the Net Barter Terms of Trade? -- If the Prices Don't Get You, the Rules Will -- The WTO and 'Policy Space': Rules and Ruses -- 5.4 Exchange Rates as Development Policy -- 5.5 Narrow Definitions of Industrial Policy and Manufacturing: Assembly Plants or Plant Assembly? -- 5.6 Conclusions -- Acknowledgements -- 6: Unbalanced Development -- 6.1 Introduction -- 6.2 Ideas of Balance in Economics and Development -- Accounting Identities and Macroeconomic Balances
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Equilibrium Thinking -- Balanced Growth Big Push Strategies -- UNCTAD and Other Modern Forms of Balanced Growth Strategy -- Small Steps or Big Leaps -- 6.3 Albert Hirschman's Development Economics -- Pressures, Tensions, and Disequilibrium as the Motor of Change -- Models, Metaphors, and How to Be an Economist -- Mechanisms I: Development of Institutions and Capabilities through Tension and Disequilibrium -- Mechanism II: The Principle of the Hiding Hand -- Mechanism III: Linkages -- 'Unfitness' and 'Exercises in Courage': Large-Scale Projects in Ethiopia and South Africa -- 6.4 Conclusion: Exit Balance -- PART III: LABOUR, POVERTY, AND AGRICULTURAL PRODUCTIVITY -- 7: Wage Employment in Africa -- 7.1 Introduction: Sweet Dreams of Self-Employment and Nightmares of Dangerous Youth -- 7.2 Young Africans Will Never Get Decent Jobs-Says Who? -- 7.3 Contesting Ambiguous Evidence on Work for Wages -- 7.4 How to Hide Domestic Servants and Child Wage Labourers -- 7.5 How to Undercount Wage Labour in Agriculture -- 7.6 Now You See Them, Now You Don't: Estimating Factory Workers -- 7.7 How Long Will It Take for African Fertility Rates to Fall? -- 7.8 Employment Policies When Ideology Trumps African Evidence -- 7.9 Policies to Avoid a Disabling Environment for Employment Growth -- 7.10 Policies to Increase the Demand for Young and Female Rural Workers -- 8: Working Out the Solution to Rural Poverty -- 8.1 Introduction -- 8.2 Who Wants to Know? Struggles over Data -- 8.3 Ignoring Pro-Poor Policy Failures -- 8.4 Conventional Strategies for Rural Poverty Reduction -- 8.5 The Fog of Poverty Reduction: How Not to Focus on the Poorest -- 8.6 Alternatives to the 'Gold Standard'? -- 8.7 The Most Vulnerable People: 'Common Sense' and Uncontroversial Stylized Facts -- Conventional Wisdom I: Poverty is Rural
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Conventional Wisdom II: The Poorest People Live in Large Households -- Conventional Wisdom III: Female-Headed Households are the Poorest -- 8.8 Selecting Stylized Facts with an Extreme Deprivation Index -- 8.9 Wage Labour and Poverty: The Most Controversial Stylized Fact -- 9: Technical Change and Agricultural Productivity -- 9.1 Introduction: From the Missionary Position to Modern Charitable Fantasies -- 9.2 Panic and Paternalism -- 9.3 Chronicle of a Failure Foretold -- 9.4 Measuring Agricultural and Food Production -- 9.5 Against the Poor Measurements behind a Defence of the Small Farm Orthodoxy -- 9.6 Do Farmers Fail without Advice and Subsidized Credit? -- 9.7 Massive Potential to Sustain and Accelerate Increased Yields per Hectare: Policy Opportunities -- PART IV: TOWARDS POSSIBILISM IN POLICY MAKING -- 10: High-Yielding Variety Policies in Africa -- 10.1 Introduction: Proving Hamlet Wrong -- 10.2 Possibilism and Experiment -- 10.3 The Political Origins of Economic Institutions and Shifts in Policy -- 10.4 Priorities for Strategies of Economic Development -- Objective 1: A High Investment Ratio -- Objective 2: National Champion Firms -- Objective 3: A Rapid Rate of Increase in Imports and in Exports -- Objective 4: Promoting Investment in Specific Types of Economic Activity -- Objective 5: Develop Capability for Monitoring and Disciplining -- Objective 6: Protecting Welfare, Profitability, and Political Stability through Grain Market Management -- 10.5 Conclusion: Impossible is Nothing -- References -- Index
Additional Edition:
Erscheint auch als Druck-Ausgabe Cramer, Christopher African Economic Development Oxford : Oxford University Press, Incorporated,c2020 ISBN 9780198832331
Language:
English
Subjects:
Economics
Keywords:
Afrika
;
Wirtschaftsentwicklung
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