scholarly journals THE ECONOMICS OF NEW DEVELOPMENTALISM: A CRITICAL ASSESSMENT

2021 ◽  
Vol 80 (317) ◽  
pp. 3
Author(s):  
Thomas Palley
Keyword(s):  
Private Sector ◽  
Principal Components ◽  
Development Process ◽  
State Intervention ◽  
Critical Assessment ◽  
Dutch Disease ◽  
Policy Recommendations ◽  
Budget Deficits ◽  
Third Way ◽  
Development Perspective

<p>This paper critically assesses the economics of New Developmentalism (ND). It begins by identifying and formalizing the principal components of ND which are identified as neutralizing Dutch disease, ending growth with foreign saving, development driven by a technologically advanced and internationally competitive manufacturing private sector, and getting macroeconomic prices right. It then examines four strands of critique consisting of internal economic logic critiques, Classical Developmentalism (CD) critiques, Keynesian and Neo-Kaleckian critiques, and the fighting the last war critique. To this author, ND is best understood as a Third Way styled analysis that blends CD heterodoxy and Neoliberalism. However, ND’s substantive policy recommendations lean in the Neoliberal direction, particularly as regards budget deficits and state intervention in the development process. From a Classical Development perspective, the problematic of development cannot be solved as easily as suggested by ND.</p><p> </p><p align="center">LA ECONOMÍA DEL NUEVO DESARROLLISMO: UNA EVALUACIÓN CRÍTICA</p><p align="center"><strong>RESUMEN</strong></p><p>En este artículo evalúo de forma crítica la economía del nuevo desarrollismo (ND). Comienza por identificar y formalizar los principales componentes del ND descritos por la neutralización de la enfermedad holandesa, la eliminación del crecimiento con ahorro externo, el desarrollo motivado por un sector manufacturero privado tecnológicamente avanzado y competitivo a nivel internacional y el establecimiento de precios macroeconómicos correctos. Posteriormente examino cuatro aspectos consistentes en la crítica de la lógica económica interna, la crítica del desarrollismo clásico (DC), las críticas keynesiana y neokaleckiana y la lucha de la crítica de la última guerra. El ND se entiende mejor como un análisis estilizado de tercera vía que combina heterodoxia y neoliberalismo. Sin embargo, sus recomendaciones de política sustantivas se inclinan en dirección neoliberal, en particular en lo que se refiere a los déficit fiscales y a la intervención del Estado en el proceso de desarrollo. Desde la perspectiva del desarrollo clásico, la problemática del desarrollo no puede resolverse de forma tan fácil como sugiere el ND.</p>

scholarly journals Mapping Human Vulnerability to Extreme Heat: A Critical Assessment of Heat Vulnerability Indices Created Using Principal Components Analysis

2020 ◽  
Vol 128 (9) ◽  
pp. 097001
Author(s):  
Kathryn C. Conlon ◽  
Evan Mallen ◽  
Carina J. Gronlund ◽  
Veronica J. Berrocal ◽  
Larissa Larsen ◽  
...  
Keyword(s):  
Principal Components Analysis ◽  
Principal Components ◽  
Critical Assessment ◽  
Extreme Heat ◽  
Human Vulnerability ◽  
Components Analysis ◽  
Heat Vulnerability

Potentials for East — West Integration: The Case of Foreign Direct Investment

1998 ◽  
Vol 16 (1) ◽  
pp. 105-120 ◽  
Author(s):  
M van Geenhuizen ◽  
P Nijkamp
Keyword(s):  
Foreign Direct Investment ◽  
Eastern Europe ◽  
Direct Investment ◽  
World Economy ◽  
Western Europe ◽  
Central And Eastern Europe ◽  
Critical Assessment ◽  
Future Research ◽  
Policy Recommendations ◽  
East West

Reshaping the relationships between Western Europe and the former communist bloc is one of the most intriguing challenges for the coming years. Will Central and Eastern Europe become passive players in the European and world economy, or will companies located there become integrated as fully fledged partners? Foreign direct investment (FDI) is heavily concentrated in a few countries in Central and Eastern Europe. It is argued that the type of FDI is more important than the amount of FDI. There is a need for a critical assessment of the strategies of the investors and the impacts on local entrepreneurship. In this vein, the authors describe various interesting future research paths and make policy recommendations.

Toward a Critique of Latin American Neostructuralism

2008 ◽  
Vol 50 (4) ◽  
pp. 1-25 ◽  
Author(s):  
Fernando Ignacio Leiva
Keyword(s):  
Political Economy ◽  
Latin American ◽  
State Intervention ◽  
Critical Assessment ◽  
First Century ◽  
Short Term ◽  
Capitalist System ◽  
Economic Surplus ◽  
Development Framework ◽  
Key Dimensions

AbstractThis article offers a critical assessment of the first postneoliberalism development framework that emerged in Latin America after 1990. The ability of neostructuralism to present an attractive narrative about a twenty-first-century “modernity with solidarity” is based on abandoning key tenets of ECLAC's structuralism and the thinking of Raúl Prebisch and Celso Furtado; namely, a focus on the distribution and appropriation of economic surplus and a framing of Latin American development problems in a world capitalist system. This article argues that Latin American neostructuralism's discursive strengths, as well as its analytical weaknesses, stem from the marginalization of power relations from key dimensions of the region's political economy. Since 2000, neostructuralism has exacerbated its descriptive, short-term perspective, further dulling its analytical edge, by focusing on policies that promote social cohesion and state intervention in the cultural and the socioemotional realm.

Educational mismatches and labor market outcomes

2017 ◽  
Vol 59 (5) ◽  
pp. 534-546 ◽  
Author(s):  
Piriya Pholphirul
Keyword(s):  
Labor Market ◽  
Private Sector ◽  
Labor Force ◽  
Labor Market Outcomes ◽  
Policy Recommendations ◽  
Market Outcomes ◽  
Content Type ◽  
Labor Force Survey ◽  
Negative Impacts ◽  
High Level

Purpose Educational mismatches constitute negative impacts on labor markets in most countries, Thailand is no exception. The purpose of this paper is to quantify the degree of educational mismatch in Thailand and its impacts on labor market outcomes. Design/methodology/approach This study analyzes data obtained from Thailand’s Labor Force Survey to estimate the likelihood of horizontal and vertical mismatches and their impacts on labor market outcomes. Findings Estimation results reveal the existence of a high level of both vertical and horizontal mismatches in the labor market. The vertical mismatch tends to be most prevalent in the case of graduates with degrees in the social sciences, while the existence of the horizontal mismatch is mostly found in the case of graduates with backgrounds in the physical sciences. Samples with a degree in health science seem to be least impacted by both types of mismatch. Education-job mismatches, either vertical or horizontal mismatches, are found to cause negative impacts on workers’ employment. Findings indicate that workers who encountered either horizontal or vertical educational mismatches tended to have lower monthly incomes than did those without such mismatches. Vertical mismatches seemed to result in lower incomes than did the horizontal mismatches. Furthermore, both types of mismatch are found to not have any significant impact on workers’ employability. Research limitations/implications Nevertheless, due to different types of mismatches such as skill mismatch or personality mismatch, this paper only quantifies degree mismatch on the context of Thailand only. Nevertheless, different structure of labor market can show different findings. Practical implications Both horizontal mismatch and vertical mismatch can be mitigated with strong collaboration system between colleges/universities and employers. Therefore, the government should further promote better cooperation between universities and the private sector (industry-university linkages) by encouraging more exchanges between high-level executives and students of the private sector and higher-education institutes. More opportunities for students to practice their skills in real workplace settings should be provided, and students should also be able to gain credits from participating in such training. In Thailand, at present there are only a few degree programs that require students to complete an internship. Social implications As for social policy recommendations, to reduce both horizontal and vertical mismatches in practices, it is essential that the education sector promote a life-long learning framework that allows workers whose jobs do not match their educational background (or with their educational attainment) to receive the training and develop the skills required by employers. Originality/value Comparing to other literature in these areas in which survey data from the authors are relied, this paper, however, uses the Thai Labor Force Survey, which is the national representative sample data set. The results found from this paper are therefore useful to be reliable on implying appropriated policy recommendations.

scholarly journals Powerfulness Komunitas: Refleksi Pendampingan Kelompok Tani Pada Program Kampung Pisang

2020 ◽  
Vol 4 (1) ◽  
pp. 201-222
Author(s):  
Beti Nur Hayati
Keyword(s):  
Community Development ◽  
Private Sector ◽  
Community Organizing ◽  
Qualitative Method ◽  
Development Process ◽  
New Product ◽  
Marketing Segmentation ◽  
Development Procedure ◽  
New Business ◽  
Local Potentials

This article explores the changing of community development process that conducted by a private sector in Dusun Kalongan. As a consequence, empowerment cannot be realized, when the society still considered as a unit program in empowerment process. For instance, this study uses qualitative method for demonstrating its transformation of community development procedure that was applied. Data was collected through interviews that its validity was examined by triangulation technique. Findings feature the society that able to recognize the local potentials and it also generates consciousness to develop the processing of banana product in which gives benefit for economy sector. This product necessarily becomes a new business potential for residents. In fact, these commodities were not developed very well both the capacity of society to manage processing bananas that are restricted and the ways of creating new product to increase commodity for new business. This happens because people are not able to map the potential and marketing segmentation of their product. This means that people are given full strength to know their potential but are not able to market the product that have been made. It has been counterproductive to the term powerfulness in the community. Therefore, this research recommends the evaluation of programs taking into account the cognitive and effective aspects of the training and community organizing process.Paper ini mengeksplorasi proses perubahan pemberdayaan masyarakat yang dilakukan oleh sektor swasta di Dusun Kalongan. Sebagai konsekuensinya, pemberdayaan tidak dapat berjalan jika masyarakat masih dianggap sebagai sasaran program (obyek). Untuk itu, studi ini menggunakan metode kualitatif untuk membuktikan adanya perubahan proses pemberdayaan yang telah dilakukan tersebut. Data dikumpulkan melalui proses wawancara dengan pengujian validitasnya menggunakan teknik trianggulasi. Hasil studi ini menunjukkan bahwa masyarakat mampu mengenali potensi lokal dan dapat menciptakan kesadaran untuk mengembangkan olahan produk pisang sehingga memiliki daya jual. Produk ini dapat menjadi potensi bisnis masyarakat lokal. Namun faktanya, komoditas tersebut tidak dapat berkembang dengan baik karena kemampuan masyarakat masih terbatas pada cara mengolah pisang sebagai bahan utama pembuatan komoditas bisnis baru. Hal ini terjadi karena masyarakat tidak mampu memetakan potensi dan segmentasi pemasaran dari hasil produknya. Ini artinya, masyarakat diberikan kekuatan penuh untuk mengenal potensinya namun tidak mampu memasarkan produk yang telah dibuat. Ini telah mengalami kontraproduktif dengan istilah powerfulness di dalam komunitas. Untuk itu, riset ini merekomendasikan evaluasi program dengan mempertimbangkan aspek kognitif dan afektif dari proses pelatihan dan pengorganisasian masyarakat.

scholarly journals The Market Distortion Effect of Government Intervention in Higher Education

2021 ◽  
Vol 9 (1) ◽  
pp. 123-131
Author(s):  
Jezyl Cutamora ◽  
Keyword(s):  
Higher Education ◽  
Private Sector ◽  
Service Providers ◽  
State Intervention ◽  
Good Alternative ◽  
The Philippines ◽  
Private Higher Education ◽  
Playing Field ◽  
Market Distortion ◽  
The Government

In the Philippines, a mixture of public and private higher education institutions (HEIs) exists. Because of the government subsidy among the public HEIs, the major concern of the private sector is the “uneven playing field”. This study hopes to eliminate this unhealthy competition and market distortion in the educational landscape. This study utilizes the quantitative non-experimental retrospective explanatory design. Results show that regardless of the extent of state intervention, the market can be distorted. Hence, assigning specific programs to be offered based on the type of HEI is a good alternative. The programs to be fully subsidized and offered by the government are agriculture, sciences, engineering, manufacturing and construction, and humanities and arts (HA) while services, health and welfare, education and social sciences, business and law programs will be for private sector service providers. This stimulates healthy competition among the HEIs leading to a better quality of education.

State Intervention in the Private Sector

2018 ◽  
pp. 331-397
Author(s):  
P. J. Devine ◽  
N. Lee ◽  
R. M. Jones ◽  
W. J. Tyson
Keyword(s):  
Private Sector ◽  
State Intervention

scholarly journals Opportunities and constraints for implementing integrated land–sea management on islands

2017 ◽  
Vol 44 (3) ◽  
pp. 254-266 ◽  
Author(s):  
STACY D. JUPITER ◽  
AMELIA WENGER ◽  
CARISSA J. KLEIN ◽  
SIMON ALBERT ◽  
SANGEETA MANGUBHAI ◽  
...  
Keyword(s):  
Private Sector ◽  
Resource Availability ◽  
National Policy ◽  
Ecosystem Processes ◽  
Critical Assessment ◽  
Design Management ◽  
Stakeholder Interests ◽  
Management Actions ◽  
Governance Systems ◽  
The Tropical Pacific

SUMMARYDespite a growing body of literature on integrated land–sea management (ILSM), very little critical assessment has been conducted in order to evaluate ILSM in practice on island systems. Here we develop indicators for assessing 10 integrated island management principles and evaluate the performance of planning and implementation in four island ILSM projects from the tropical Pacific across different governance structures. We find that where customary governance is still strongly respected and enabled through national legislation, ILSM in practice can be very effective at restricting access and use according to fluctuations in resource availability. However, decision-making under customary governance systems may be vulnerable to mismanagement. Government-led ILSM processes have the potential to design management actions that address the spatial scale of ecosystem processes and threats within the context of national policy and legislation, but may not fully capture broad stakeholder interests, and implementation may be poorly coordinated across highly dispersed island archipelagos. Private sector partnerships offer unique opportunities for resourcing island ILSM, although these are highly likely to be geared towards private sector interests that may change in the future and no longer align with community and/or national objectives. We identify consistent challenges that arise during island ILSM planning and implementation and offer recommendations for improvement.

The State and the Corporate Private Sector in the Recent Restructuring of Turkish Retailing

1998 ◽  
Vol 18 ◽  
pp. 79-111 ◽  
Author(s):  
Nebahat Tokatlı ◽  
Gül Berna Özcan
Keyword(s):  
Private Sector ◽  
Distribution System ◽  
Development Process ◽  
The State ◽  
Retail Industry ◽  
Economic Activities ◽  
Leading Role ◽  
Role Of The State

The Turkish retail industry is experiencing a transformation towards larger-scale retailing. This restructuring has occurred at a time when an assertive corporate private sector has begun to look ready to take the leading role from the state in the development process; and when efforts (real and perceived) towards a cautious and gradual retreat of the state from economic activities have been intensified. This paper addresses the transformation and, because of the above mentioned simultaneity, places substantial emphasis on the role of the state in the development process and in the changes recently experienced in the distribution system. In the process, the paper compares the Turkish experience with those of other countries in which the role of the state has been far-reaching.

scholarly journals Effects Of Auditors’ Culpability On Creative Accounting In Southwest Nigeria

2020 ◽  
Vol 8 (3) ◽  
pp. 191-201
Author(s):  
Tunde Charles Ojuolape ◽  
Tony Mofehintolu Akinnola
Keyword(s):  
Private Sector ◽  
Analysis Of Variance ◽  
Critical Assessment ◽  
Descriptive Statistics ◽  
Ethical Standards ◽  
Due Diligence ◽  
Reasonable Care ◽  
Creative Accounting ◽  
Southwest Nigeria ◽  
Principle Of Objectivity

The study examined the effects of auditors’ culpability on creative accounting in Southwest Nigeria. The study employed questionnaire to gather data from 66 managers and 66 accountants. The study was analysed with the use of descriptive statistics and One Way Analysis of Variance to test the hypotheses of the study. The study found that auditors’ culpability has no effect on creative accounting in private sector in Nigeria. The study revealed that that the reasons for statutory auditors engaging in creative accounting practices have effect on the practice of creative accounting in Nigeria. The study recommends that accountants should uphold high ethical standards and maintain integrity in all their professional dealings. Accountants should not allow personal prejudice or bias to override the principle of objectivity, transparency and due diligence in the profession. Auditors must not only develop questioning mind, skill for critical assessment of audit evidence but must also exercise these skills with reasonable care and diligence.

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