ECONOMIC ISSUES, PROBLEMS AND PERSPECTIVES E P CONOMIC OLICIES D FOR EVELOPMENT B M G EYOND THE ILLENNIUM OALS No part of this digital document may be reproduced, stored in a retrieval system or transmitted in any form or by any means. The publisher has taken reasonable care in the preparation of this digital document, but makes no expressed or implied warranty of any kind and assumes no responsibility for any errors or omissions. No liability is assumed for incidental or consequential damages in connection with or arising out of information contained herein. This digital document is sold with the clear understanding that the publisher is not engaged in rendering legal, medical or any other professional services. ECONOMIC ISSUES, PROBLEMS AND PERSPECTIVES Additional books and e-books in this series can be found on Nova’s website under the Series tab. ECONOMIC ISSUES, PROBLEMS AND PERSPECTIVES E P CONOMIC OLICIES D FOR EVELOPMENT B M G EYOND THE ILLENNIUM OALS CARMEN DÍAZ-ROLDÁN LAURA PÉREZ ORTIZ AND JULIMAR DA SILVA BICHARA EDITORS Copyright © 2020 by Nova Science Publishers, Inc. All rights reserved. No part of this book may be reproduced, stored in a retrieval system or transmitted in any form or by any means: electronic, electrostatic, magnetic, tape, mechanical photocopying, recording or otherwise without the written permission of the Publisher. We have partnered with Copyright Clearance Center to make it easy for you to obtain permissions to reuse content from this publication. Simply navigate to this publication’s page on Nova’s website and locate the “Get Permission” button below the title description. This button is linked directly to the title’s permission page on copyright.com. Alternatively, you can visit copyright.com and search by title, ISBN, or ISSN. 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Title: Economic policies for development: : beyond the millennium goals / [edited by] Carmen Díaz-Roldán, Laura Pérez Ortiz, Julimar da Silva Bichara. Description: Hauppauge : Nova Science Publishers, 2020. | Series: Economic Issues, Problems and Perspectives | Includes bibliographical references and index. | Identifiers: LCCN 2019059660 (print) | LCCN 2019059661 (ebook) | ISBN 9781536171389 (hardcover) | ISBN 9781536171396 (adobe pdf) Subjects: LCSH: Economic development. | Economic development--Developing countries. | Sustainable development. | Economic policy. | International economic relations--21st century. Classification: LCC HD82 .E2896 2020 (print) | LCC HD82 (ebook) | DDC 338.9009172/4--dc23 LC record available at https://lccn.loc.gov/2019059660 LC ebook record available at https://lccn.loc.gov/2019059661 Published by Nova Science Publishers, Inc. † New York CONTENTS Preface vii Acronyms ix Chapter 1 Economic Policies for Development. Beyond the Millennium Goals: An Introduction 1 Carmen Díaz-Roldán, Laura Pérez Ortiz and Julimar da Silva Bichara Chapter 2 Economic Policies for Development: Current Situation and Future Prospects 9 Nieves Carmona-González and José Luis Parada-Rodríguez Chapter 3 The Development Theory and the Institutions: A Comparative Analytical Perspective 25 Marcelo Mallet Siqueira Campos and Octavio A. C. Conceição Chapter 4 “Nudging” Development Policies 51 Julimar da Silva Bichara and Laura Pérez Ortiz Chapter 5 Monetary and Fiscal Policy in Developing Countries 75 Maria A. Prats and Vicente Esteve Chapter 6 Economic Growth, Technological Progress and Technical Efficiency: A World Comparative 1970-2014 101 Anelí Bongers Chapter 7 Employment Policies for Development 125 Santos M. Ruesga, Laura Pérez Ortiz and Mª Isabel Heredero de Pablos vi Contents Chapter 8 Industrial Policy in the 21st Century: Institutional Historic Trajectories Matter 149 Marcelo Arend, Vinicius Zuniga Fagotti and Glaison Augusto Guerrero Chapter 9 Territorial Development 173 Luis A. Collado-Cueto Chapter 10 Economic Structure and Growth in Brazil: An Analysis of Their Relations and Determinations on Long-and Short-Term Performance 197 Ricardo Dathein and Pedro Cezar Dutra Fonseca Chapter 11 Finance and Development after the Global Financial Crisis: The Brazilian Experience 217 André Moreira Cunha, Luiza Peruffo and Pedro Perfeito da Silva Chapter 12 Sustainable Development in Colombia: Challenges for Compliance with the 2030 Agenda 239 Tania I. Jiménez-Castilla, Luis M. Bolívar-Caro and Michael Segrera-Castilla Chapter 13 Public Policies and the Development of Costa Rica: An Approach from the Productive Sectors and the Labor Market 257 Shirley Benavides-Vindas About the Editors 281 Index 283 PREFACE In a globalized world, the promotion of economic development is a recurrent area of interest, both in the academic arena as well as in economic policy forums and institutions. But regarding the levels of development of countries, there are pending issues to be solved. Trying to offer a response to some of them, the Sustainable Development Goals (SDGs) or the 2030 Agenda of the United Nations balance social, economic and environmental factors which are in turn the pillars for sustainable economic growth. But in the current environment, the recent financial and economic crisis has raised questions concerning the usefulness of several paradigms accepted by both academia and the advising government institutions. Economic policies for Development. Beyond the millennium goals offers a broad overview and comprehensive analysis of the situation, the perspective and the proposals for the future of the economic policies for development. The chapters cover the most recent approaches showing to which extent economic policies would overcome a sustainable economic development. The contents show the current situation and the perspectives of development theories and policies. And next, the scope of demand-side and supply-side policies, to achieve economic development, is discussed. The overview is completed with several examples of how developing countries from the Latin America area are dealing with the current situation after the economic crisis, in the light of the sustainable development goals. And those contributions, which offer new theories and practical lessons stemming from empirical analyses, prove to be useful tools for development policy recommendations.