Name: Macroeconomics of Poverty: Development and Underdevelopment under Globalization
Price: 905.00 ZAR
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Author: Mayer-Foulkes, David
ISBN: 9781975751746

portada Macroeconomics of Poverty: Development and Underdevelopment under Globalization

Macroeconomics of Poverty: Development and Underdevelopment under Globalization

Type

Physical Book

Author

David Mayer-Foulkes

Publisher

Createspace

Language

English

Pages

218

Format

Paperback

Dimensions

22.9 x 15.2 x 1.4 cm

Weight

0.41 kg.

ISBN13

9781975751746

Synopsis "Macroeconomics of Poverty: Development and Underdevelopment under Globalization"

Development, underdevelopment and globalization have had a common history since the Great Discoveries led to colonization, trade, and with the Industrial Revolution, to unequal technological development. This book first summarizes the long term history of globalization. It then develops a theory of multiple steady states in technological change (technological poverty traps) to explain how the market economy can generate wide income differences between countries. Next, it shows how poverty traps in education and health can further widen inequality. It then shows that technology traps can exist in the context of trade, explaining the impact of the colonial diktat on the emergence of underdevelopment. Technology traps can also exist in the context of foreign direct investment, characterizing contemporary globalization. Finally, the industrial or mass market economy in general is shown to be characterized by a technology gradient akin to a poverty trap that generates inefficiency and inequality. Free market policies need to be complemented with distributive and innovative policies to improve economic performance and equality. The necessary tax funding can be provided at the national level compatibly with globalization under appropriate international agreements.

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Macroeconomics of Poverty: Development and Underdevelopment under Globalization - Mayer-Foulkes, David

Synopsis "Macroeconomics of Poverty: Development and Underdevelopment under Globalization"

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