MACMILLAN The Palgrave Handbook of Development Economics: Critical Reflections on Globalisation and Development

This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development. From the Back Cover In today’s ever globalised world, we are witness to a shifting world order with significant changes not only in political-economic relationships but also in the changing demographics of developing nations.  This handbook explores how many developing countries have remained extremely vulnerable to external shocks of all kinds, and the need for the global community to face up to the shared challenges of sustainable development, i.e. to search for a social, economic, financial and environmentally sustainable path for the global economy. There are deep and strategically crucial, conceptual and policy links between development paths and the multi-dimensional questions of sustainability. Yet, these links, currently, are not well examined analytically or documented in the current literature of development economics.  Each chapter in this handbook explores these conceptual and policy links by setting appropriate questions and critically reviewing relevant literature. Taking on these challenges, while remaining relevant to real world issues, requires critical appraisal of a variety of methodological approaches and analytical tools. Such thoughts and approaches will lead to a formulation of fresh policy perspectives for addressing challenges and advancing sustainable development in the ever inter-connected, dynamically evolving and globalised environments of the 21st century. About the Author Machiko Nissanke is Professor Emeritus of Economics at School of Oriental and African Studies, University of London. She has published extensively on a wide range of topics including finance and development, debt dynamics and macroeconomic management, institutional economics and globalization in books, journals and UN reports. She has served as advisor to various international organisations and research networks, and directed several major international research programmes.  José Antonio Ocampo is Member of the Board of Directors of Banco de la República, Colombia’s central bank, and Chair of the Committee for Development Policy of the United Nations Economic and Social Council (ECOSOC). He teaches at Columbia University’s School of International and Public Affairs and Universidad de los Andes in Bogotá. He has published extensively on macroeconomic theory and policy, international financial issues, economic and social development, international trade, and Colombian and Latin American economic history.