Deals and development in fragile and conflict-affected states: Framework and policy guidebook

2021 ◽  
Author(s):  
Eric Werker ◽  
Kunal Sen
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Structural Transformation ◽  
Negative Feedback ◽  
Business Environment ◽  
State Fragility ◽  
Business Interests ◽  
Positive Growth ◽  
Episodic Nature ◽  
Conflict Affected States

This framework utilizes business interests and the distribution of political power to understand the episodic nature of economic growth in fragile and conflict-affected states. Conflict, state capacity, and legitimacy are analysed alongside the business environment and structural transformation to explain when growth episodes arise and when those growth episodes have positive, or negative, feedback on the country’s political economy and state fragility. The guidebook is designed to help advisers working with development agencies to analyse country context and design interventions with the goal of enabling positive growth episodes that reduce fragility.

scholarly journals Africa: A Political Economy of Continued Crisis

Afrika Focus ◽  
2018 ◽  
Vol 31 (2) ◽  
pp. 23-46
Author(s):  
Ray Bush
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Structural Transformation ◽  
Capital Accumulation ◽  
World Economy ◽  
Added Value ◽  
The World ◽  
Democratic Control ◽  
Extractive Economies ◽  
Africa Rising

This article deepens critique of the Africa rising trope and the policies promoted by neo liberals to promote development on the continent. It revisits the economic growth literature and it shows how the weakly formulated views about African growth are merely self serving of limited, mostly western, investment interests that remain centred on extractive economies rather than helping to promote sustainable structural transformation with added value that can be retained in Africa. There have always been periods of economic growth in Africa but opportunities for this to be sustained do not lie with greater integration with the world economy. Instead they lie with, among other things, local political and economic struggles in Africa for greater democratic control of capital accumulation.

The Politics of Structural (De)Transformation

2017 ◽  
Author(s):  
Kunal Sen ◽  
Matthew Tyce
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Negative Feedback ◽  
Political Stability ◽  
Feedback Loops ◽  
Negative Feedback Loops ◽  
Economic Elites ◽  
The 1960S ◽  
Growth Deceleration ◽  
Over Time

The chapter sets out the similarities between Thailand and Malaysia’s patterns of economic growth and political settlements. Both countries have witnessed strong economic growth since the 1960s to the late 1990s, followed by a period of growth deceleration which continues to the present day. In both countries, a dualistic deal environment existed where closed deals were offered to the powerbrokers and rentiers within both economies while open deals were offered for magicians. This allowed both countries to preserve rents for economic elites which maintained political stability while accelerating economic growth. However, this type of dualistic deals approach may act as a barrier to future economic growth as well as structural transformation over time. If negative feedback loops exist within a country, it may lead to a future narrowing of the deals space.

scholarly journals AFRICA: A POLITICAL ECONOMY OF CONTINUED CRISIS

Afrika Focus ◽  
2019 ◽  
Vol 31 (2) ◽  
Author(s):  
Ray Bush
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Structural Transformation ◽  
Capital Accumulation ◽  
World Economy ◽  
Added Value ◽  
The World ◽  
Democratic Control ◽  
Extractive Economies ◽  
Africa Rising

This article deepens critique of the Africa rising trope and the policies promoted by neo liberals to promote development on the continent. It revisits the economic growth literature and it shows how the weakly formulated views about African growth are merely self serving of limited, mostly western, investment interests that remain centred on extractive economies rather than helping to promote sustainable structural transformation with added value that can be retained in Africa. There have always been periods of economic growth in Africa but opportunities for this to be sustained do not lie with greater integration with the world economy. Instead they lie with, among other things, local political and economic struggles in Africa for greater democratic control of capital accumulation. KEYWORDS: AFRICA; POVERTY; UNDERDEVELOPMENT; INDUSTRIALISATION

Contemporary Principles of Heterodox Political Economy

2009 ◽  
pp. 38-57 ◽  
Author(s):  
Ph. O’Hara
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Economic Development ◽  
Ethnic Discrimination ◽  
Mainstream Economics ◽  
Theoretical Perspectives ◽  
Analytical Review ◽  
New Ideas ◽  
Historical Specificity ◽  
Scientific Results

In this analytical review the author describes the main trends in the modern heterodox political economy as an alternative to mainstream economics. Historical specificity as well as the contradictory and uneven character of economic development are examined in detail. The author also discusses problems of class, gender and ethnic discrimination and their influence on economic growth. It is shown that there are tendencies to convergence of different theoretical perspectives and schools, common themes, topics of research and conceptual apparatus are being formed. The forces of integration and differentiation help establish new ideas and receive interesting scientific results in such fields as development economics, macroeconomics and international economics.

From universalism to individualism: New approaches to economic growth analysis

2019 ◽  
pp. 108-126
Author(s):  
Ivan L. Lyubimov
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Emerging Economies ◽  
Growth Analysis ◽  
Extended Period ◽  
Economic Policies ◽  
Adequate Account ◽  
New Approaches ◽  
Catching Up

This paper examines the evolution of academic and applied approaches to analyze the problem of economic growth since the mid-XX century. For quite an extended period of time, these views were corresponding to universalist economic policies taking no adequate account of particularities and limitations that a certain catching-up economy embodied. New approaches analyzing the problems of economic growth, on the contrary, individualize growth diagnostics, structural transformation and the organization of reforms processes for the emerging economies. We argue that individualist approaches might be potentially more effective than the universalist ones for solving the problem of slow economic growth.

Anti-crisis measures or structural reforms: Russia’s economic policy in 2015

2016 ◽  
pp. 5-33 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Structural Transformation ◽  
Growth Model ◽  
Emerging Economies ◽  
Social Issues ◽  
Import Substitution ◽  
Structural Reforms ◽  
Energy Prices ◽  
New Models

The paper deals with 2015 trends and challenges for social and economic policy in the nearest future. The analysis of global crisis includes: uneven developments in the leading advanced and emerging economies; new models of economic growth which look differently in different countries; prospects of globalization and challenges of ‘regional globalization’; currency configurations of the future; energy prices dynamics and its influence on political and economic prospects of particular states. Current challenges are discussed in the context of previous 30 years. Among the main topics on Russia, there are approaches to a new growth model, structural transformation (including import substitution issues), economic dynamics, budget and monetary outlines, social issues. The priorities of economic policy are also considered.

FISCAL PESSIMISM IN HISTORICAL PERSPECTIVE: TOCQUEVILLE'S CROSS REVISITED

2021 ◽  
pp. 1-21
Author(s):  
Isabel Cepeda ◽  
Pedro Fraile Balbín
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Political Economy ◽  
Historical Perspective ◽  
Income Redistribution ◽  
Government Control ◽  
Economic Decision ◽  
Modern School ◽  
Economic Decision Making ◽  
The Future

ABSTRACT This paper explores Alexis de Tocqueville's thought on fiscal political economy as a forerunner of the modern school of preference falsification and rational irrationality in economic decision making. A good part of the literature has misrepresented Tocqueville as an unconditional optimist regarding the future of fiscal moderation under democracy. Yet, although he initially shared the cautious optimism of most classical economists with respect to taxes under extended suffrage, Tocqueville's view turned more pessimistic in the second volume of his Democracy in America. Universal enfranchisement and democratic governments would lead to higher taxes, more intense income redistribution and government control. Under democracy, the continuous search for unconditional equality would eventually jeopardise liberty and economic growth.

Does This Road Go on Forever? Modelling Sustainability of Infrastructure in Developing Countries

2017 ◽  
Vol 9 (2) ◽  
pp. 69-81 ◽  
Author(s):  
Jeremy Streatfeild
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Developing Countries ◽  
Transportation Networks ◽  
Recipient Country ◽  
Institutional Capacity ◽  
Rate Of Return ◽  
Due Diligence ◽  
Political Economy Analysis ◽  
Maintenance Performance

There are not enough roads in developing countries but it is not for a lack of spending to address this shortfall. Multilateral and bilateral development agencies have invested billions of dollars to build up new transportation networks because the shortage of road supply constrains trade and economic growth. However, these new roads often do not last as long as initially anticipated so many of the same donors worry that governments will not provide sufficient maintenance of these investments. In turn, economists suggest that weak maintenance performance may be due to low institutional capacity in the recipient country or even a lack of budgetary funds—both easy fixes that warrant an optimal benefit stream according to their economic rate of return in HDM4 models (“ERR”). However, these maintenance reforms have had mixed results which we argue is the result of a deeply entrenched institutional concern that requires intricate analysis and project-tailored reform approaches to remedy. Even then, these reforms may not exhibit incremental benefits for an ERR. In sum, ERR models of roads should include a rigorous political economy analysis as a due diligence prerequisite in order to substantiate any included assumptions of maintenance reforms resulting from a donor project.

Sign in / Sign up

Export Citation Format

Share Document