The Repressed Economy: Causes, Consequences, Reform

The Repressed Economy: Causes, Consequences, Reform

by Deepak Lal
     
 

In this outstanding collection of essays on economic liberalization Deepak Lal, one of the world's leading development economists, questions why many developing countries have followed policies which have retarded both growth and equity, before discussing why and how these policies have come to be reversed. The Repressed Economy brings together Professor Lal's most… See more details below

Overview

In this outstanding collection of essays on economic liberalization Deepak Lal, one of the world's leading development economists, questions why many developing countries have followed policies which have retarded both growth and equity, before discussing why and how these policies have come to be reversed. The Repressed Economy brings together Professor Lal's most important work on economies that function unsatisfactorily because of government policies that distort the working of the free market. He explains both why governments create these distortions and when, if at all, they are likely to heed the technocratic advice of the economist to eliminate or reduce them. The theme of the repressed economy is explored throughout these essays, which include applied studies of developing economies in Latin America, the Philippines, Kenya, Brazil, India and China. The role of ideas, interests and ideology are explored, as is the importance of differences in initial resources. Simple political economy models are developed to explain the actions of the governments concerned. An intellectual biography is included which outlines how Professor Lal's practical experience in the Third World led him to become a neo-liberal development economist.

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Product Details

ISBN-13:
9781852788889
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
01/01/1993
Series:
Economists of the Twentieth Century Series
Pages:
624

Table of Contents

Acknowledgements
Introduction
1Political Economy and Public Policy3
2Nationalism, Socialism and Planning: Influential ideas in the South29
3The Political Economy of Industrialisation in Primary Product Exporting Economies: Some Cautionary Tales40
4After the Debt Crisis: Modes of Development for the Longer Run in Latin America76
5The Political Economy of Economic Liberalization97
6A Liberal International Economic Order: The International Monetary System and Economic Development127
7Foreign Trade Regimes and Economic Growth in Developing Countries169
8International Capital Flows and Economic Development198
9Industrialization Strategies and Long-Term Resource Allocation241
10Distribution and Development: A Review Article271
11Public Enterprises285
12Shadow Prices and Political Economy (Comment on Harberger)309
13A Simple Framework for Analysing Various Real Aspects of Stabilisation and Structural Adjustment Policies319
14Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries345
15Government Deficits, the Real Interest Rate and LDC Debt: On Global Crowding Out363
16World Savings and Growth in Developing Countries398
17The Real Exchange Rate, Capital Inflows and Inflation: Sri Lanka 1970-1982425
18Stolper-Samuelson-Rybczynski in the Pacific: Real Wages and Real Exchange Rates in the Philippines, 1956-1978445
19Why Poor People Get Rich: Kenya 1960-79469
20The Political Economy of Stabilization in Brazil481
21Economic Growth in India515
22The Fable of the Three Envelopes: The Analytics and Political Economy of the Reform of Chinese State Owned Enterprises566
Name Index585

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