Turbulence and Order in Economic Development
Institutions and Economic Transformation in Tanzania and Vietnam
(Sprache: Englisch)
This book studies economic development in two of the world's fastest growing developing countries, Tanzania and Vietnam, by examining the interplay between market liberalization, institutions, and the distribution of power in society.
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Produktinformationen zu „Turbulence and Order in Economic Development “
This book studies economic development in two of the world's fastest growing developing countries, Tanzania and Vietnam, by examining the interplay between market liberalization, institutions, and the distribution of power in society.
Klappentext zu „Turbulence and Order in Economic Development “
The terms of debate on the role of institutions in economic development are changing. Stable market institutions, in particular, secure private property rights and democratically accountable governments that uphold the rule of law, are widely seen to be a pre-requisite for economic transformation in low income countries, yet over the last thirty years, economic growth and structural transformation has surged forward in a range of countries where market and state institutions have differed these ideals, as well as from each other. Turbulence and Order in Economic Development studies the role of the state in two such countries, examining the interplay between market liberalization, institutions, and the distribution of power in Tanzania and Vietnam. Tanzania and Vietnam were two of the poorest countries in the world in the early 1980s but over the last thirty years, both have experienced significant changes in the pace and character of economic development. While both countries experienced faster rates of GDP growth, their paths of economic transformation were very different as Vietnam experienced rapid poverty reduction associated with the expansion of manufacturing while Tanzania's path of industrialization was characterized by the rise of mining and a much slower pace of poverty reduction. Employing a political settlements approach, this book considers the comparative role of the state in driving economic transformation. In both countries, the experiences of socialism continued to shape the role of the state in the economy even after extensive market liberalization, however, the distribution of political and economic power was very different. This had important consequences for the overlapping role of the state in generating political order and in driving economic transformation. Turbulence and Order in Economic Development studies the formal and informal ways that the state influenced economic transformation through its role in public financial management, land
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and industrial policy.
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Autoren-Porträt von Hazel Gray
Hazel Gray is a lecturer at the Centre of African Studies at the University of Edinburgh. Her research covers the comparative political economy of development, industrial policy, and economic transformation. Previously she worked at the London School of Economics and at SOAS. She worked as an economist at the Ministry of Finance in Tanzania and has been a lead author for Tanzania's UNDP Human Development Report.
Bibliographische Angaben
- Autor: Hazel Gray
- 2018, 264 Seiten, Maße: 16,4 x 23,9 cm, Gebunden, Englisch
- Verlag: Oxford University Press
- ISBN-10: 0198714645
- ISBN-13: 9780198714644
- Erscheinungsdatum: 17.04.2018
Sprache:
Englisch
Pressezitat
This impressive and innovative book uses a political settlements framework to shed light on the very different trajectories of two socialist developing countries transitioning to 'market economies.' Its analysis of the relationships between institutions, ideologies, productive capabilities and organizational structures provides many important insights on the political economy of growth and governance. Mushtaq Khan, Professor of Economics, SOAS, University of London
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