Ideas in the History of Economic Development: The Case of Peripheral Countries

306 Pages·2019·2.481 MB·English

by  Estrella Trincado (editor), Andrés Lazzarini (editor), Denis Melnik (editor)

i
Ideas in the History of Economic
Development
This edited volume examines the relationship between economic ideas,
economic policies and development institutions, analysing the cases of 11
peripheral countries in Europe, Latin America and Asia across the nineteenth
and twentieth centuries.
It sheds light on the obstacles that have prevented the sustained economic
growth of these countries and examines the origins of national and regional
approaches to development. The chapters present a fascinating insight into the
ideas and visions in the different locations, with the overarching categories of
economic nationalism and economic liberalism and how they have influenced
development outcomes.
This book will be valuable reading for advanced students and researchers of
developmenteconomics,thehistoryofeconomicthoughtandeconomichistory.
Estrella Trincado is Professor of History of Economic Thought at the
Complutense University of Madrid, Spain.
Andrés Lazzarini is Assistant Professor at the Institute of Economics,
Universidade Federal do Rio de Janeiro, Brazil.
DenisMelnikisAssociateProfessorattheNationalResearchUniversityHigher
School of Economics, Russia.
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Ideas in the History of Economic Development
The Case of Peripheral Countries
Edited by Estrella Trincado, Andrés Lazzarini and Denis Melnik
For more information about this series, please visit: www.routledge.com/series/
SE0341
iii
Ideas in the History of
Economic Development
The Case of Peripheral Countries
Edited by Estrella Trincado,
Andrés Lazzarini and Denis Melnik
Firstpublished2020
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v
Contents
List of figures vii
List of tables viii
List of contributors ix
Introduction 1
ESTRELLATRINCADO,ANDRÉSLAZZARINIANDDENISMELNIK
PART I
Europe 9
1 Degrees of abstraction in development economics 11
VLADIMIRAVTONOMOV
2 Debates on development in the Spanish economy, 1848–1960 22
ELENAGALLEGOANDESTRELLATRINCADO
3 Development economics in Portugal 41
CARLOSBASTIENANDANABELANUNES
4 Italian economists, paradigmatic revolutions and development
issues in Italy in the last quarter of the nineteenth century 59
SIMONAPISANELLI
5 Soviet development model: a history of interpretations 75
DENISMELNIK
6 Development issues in the economic thought of the European
periphery: the case of Bulgaria from the mid-nineteenth
century to the mid-twentieth century 94
PENCHOD.PENCHEV
vi Contents vi
PARTII
Asia 109
7 Chinese debates on economic development in the 1920s–1940s 111
OLGABOROKH
8 ‘Old’ Chinese debates on economic development: not only
Chinese, and not so old 130
CLARAGARCÍA
9 Indian nationalism: Asian context, interwar years and
Nehruvian state-building 140
MANUELGONZALOANDEDUARDOCRESPO
10 Economic development and economics in Japan, 1870–1940 156
JOUISHII
PARTIII
Latin America 175
11 From developmentalism to neoliberalism in Latin America 177
MATÍASVERNENGO
12 Redistribution, growth, structural change, and dollarization:
understanding Ecuadorian perspectives 193
MARCOMISSAGLIA
13 The politics of economic development: Latin America through
the eyes of Albert O. Hirschman 213
ANDRÉSM.GUIOT-ISAAC
14 An alternative demand-led, structuralist interpretation of the
economic ‘golden era’ in Argentina (1870–1930) 232
FABIÁNAMICOANDNUMAMAZAT
15 The rise and fall of economic development preoccupations in
Argentina and the turn toward neoliberalism in the 1970s 253
ANDRÉSLAZZARINIANDGABRIELBRONDINO
16 TheplaceofinstitutionsinLatinAmericandevelopment:from
Prebisch to dependency theory and beyond 273
ROBERTOLAMPA
Index 289
vii
Figures
11.1 Latin American GDP growth (1951–2017) 179
11.2 GDP growth and labour productivity 185
11.3 Current account balance 186
11.4 Unemployment rate 187
12.1 GDP by sector, Latin America 194
12.2 GDP by sector, Ecuador 195
12.3 Exports as % of GDP, Ecuador and Latin America 195
12.4 Imports as % of GDP, Ecuador and Latin America 196
12.5 Primary product exports as % of total exports 196
12.6 Productivity growth 197
12.7 GDP growth in Ecuador, demand side 198
12.8 Per capita GDP growth 199
12.9 Gini index 199
12.10 People living with less than 3.1 dollars per day 200
12.11 Public debt as % of GDP 202
12.12 Growth of GDP per capita, real 209
14.1 Expansion of the railroad and the cultivated area of wheat,
1891–1914 235
14.2 Argentina: exports, imports and trade balance (1870–1890) 237
14.3 Real wages and GDP per capita (1882 = 100) 238
14.4 Fixed gross domestic investment in Argentina, 1866–1930
(% of GDP) 241
14.5 British direct and portfolio investments in Argentina,
1865–1913 (millions of pounds sterling) 243
14.6 British capital investments in Argentina in 1875 (% of total) 243
15.1 Evolution of Argentina’s terms of trade (1970–1975) 264
15.2 Inflation and output growth (1973–1976) 265
Tables
5.1 Harvests, exports and urban supplies in the USSR, 1928–1932
(mil. tons) 84
11.1 Growth of labour productivity per hour worked (% change) 183
11.2 Growth of GDP (% change) 183
12.1 Ecuador, composition of public spending 201
14.1 Growth of the population, participation rate and employment
in Argentina (annual growth rate, %) 236
14.2 Composition of employment in Argentina (%) 236
14.3 Rate of growth of public consumption and exports in Argentina
(%, 1870–1930) 240
14.4 Stateinvestmentinpublicworksandpromotionofdevelopment
activities (millions of “pesos fuertes”) 241
14.5 Exports, domestic market, GDP and GDP per capita,
1870–1929 (annual growth rate) 242
14.6 Flows of external investments in Argentina, 1881–1891
(in millions of gold pesos) 244
15.1 Diverging economic performances in Argentina 262
ix
Contributors
FabiánAmico:MetropolitanUniversityfortheEducationandLabour(UMET),
Argentina, and Federal University of Rio de Janeiro, Brazil.
VladimirAvtonomov:NationalResearchUniversityHigherSchoolofEconom-
ics,Russia,andPrimakovInstituteofWorldEconomyandInternationalRela-
tions, Russian Academy of Sciences, Russia.
Carlos Bastien: Lisbon School of Economics & Management (ISEG), Univer-
sity of Lisbon, Portugal.
Olga Borokh: Institute of Far Eastern Studies, Russian Academy of Sciences,
Russia.
Gabriel Brondino: University of Litoral/CONICET, Argentina.
EduardoCrespo:FederalUniversityofRiodeJaneiro,Brazil,andUniversidad
Nacional de Moreno, Argentina.
Elena Gallego: Complutense University of Madrid, Spain.
Clara García: Complutense Institute for International Studies, Complutense
University of Madrid, Spain.
Manuel Gonzalo: National University of General Sarmiento, Argentina, and
RedeSist-Federal University of Rio de Janeiro, Brazil.
Andrés M. Guiot-Isaac: University of Oxford, UK.
Jou Ishii: Kanto Gakuin University, Japan.
Roberto Lampa: National University of San Martin/CONICET, Argentina.
Andrés Lazzarini: Federal University of Rio de Janeiro, Brazil.
Numa Mazat: Federal University of Rio de Janeiro, Brazil.
Denis Melnik: National Research University Higher School of Economics,
Russia.
Marco Missaglia: University of Pavia, Italy.