Add your voice to our December Thunderclap for the new Rainwater Book

What works in economic development

From Appropedia
Jump to: navigation, search

John Kenneth Galbraith'sW The Nature of Mass PovertyW make a number of suggestions not often heard in economic debate. A key idea in the book is breaking what Galbraith calls "accommodation," i.e. breaking the expectations that people have about the way things are, will be and are meant to be. Ways this happens on a large scale are education, emigration, even transport (such as a train system in a part of India - Punjab?) which brought change and outside influences.

Expand: examine the key ideas of books like The End of PovertyW and Development as Freedom.W

Adjustment and financial reform -[edit]

World Bank and IMF policies have financial growth and stability of poor nations among their key stated aims, but they are widely accused of doing the opposite. During the 1998 Asian monetary crisis their actions were widely perceived as inappropriate, a standard solution for one set of problems applied to a very different set of problems.

the World Bank's own researchers found that "globalization appears to increase poverty and inequality...The costs of adjusting to greater openness are borne exclusively by the poor, regardless of how long the adjustment takes" (The Simultaneous Evolution of Growth and Inequality - 1999).[verification needed]



Aprologo-shiny-clearest.png This page is a "stub" - it needs more content.

You are invited to add your knowledge.

No registration needed - just edit.
We monitor for spam and to keep these pages improving.