Development Economics and Structuralist Macroeconomics: Essays in Honor of Lance Taylor

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Twenty papers express the appreciation of colleagues, former students, collaborators, and friends for the work of eminent development economist Taylor. During his some three decades of teaching, he has emphasized that economic development is highly constrained by conflicts over income distribution and its outcome shaped by public interventions. The general themes are approaches to development and planning; finance and asset markets; stabilization, adjustment, and growth; beyond neo-liberalism: the firm, industrial policy, and competitiveness; and The North, The South, and globalization. Annotation ©2003 Book News, Inc., Portland, OR
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Product Details

  • ISBN-13: 9781840649390
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 3/1/2003
  • Pages: 464
  • Product dimensions: 6.40 (w) x 9.30 (h) x 1.30 (d)

Table of Contents

List of figures
List of tables
List of contributors
1 Development economics and political economy 3
2 Modeling economic growth with GAMS 31
3 An essay on late structuralism 52
4 Poverty is not destiny: comparative life expectancy in Africa 77
5 The political economy of exclusion and inclusion: democracy, markets and people 94
6 Finance and competition 107
7 The macroeconomic role of speculative assets under import compression and financial repression 136
8 Financial fragility in developing economies 157
9 Selling the family silver or privatization for capital inflows: the dual dynamics of the balance of payments and the exchange rate 169
10 Brazil's Plano Real: a view from the inside 181
11 The two waves of financial liberalization in Latin America 206
12 Inflation, stabilization and growth: multiple equilibria in a structuralist model 227
13 Bringing the firm back in 247
14 'Getting the structure "right"': upscaling in a prime latecomer 263
15 Micro-macro interactions, competitiveness and sustainability 282
16 Income elasticities of imports, North-South trade and uneven development 307
17 Towards balance in aid relationships: donor performance monitoring in low-income developing countries 336
18 The challenges facing international financial regulation 352
19 Developing countries' anti-cyclical policies in a globalized world 374
20 Institutional challenges of globalization and the developing countries 406
Lance Taylor: list of publications 425
Index 439
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