Peripheral Visions of Economic Development: New Frontiers in Development Economics and the History of Economic Thought PDF
Preview Peripheral Visions of Economic Development: New Frontiers in Development Economics and the History of Economic Thought
Peripheral Visions of Economic Development This book explores peripheral visions on economic development, both in the sense that it deals with specific issues of economic development and underdevel- opment in countries at the periphery of the world economy, and in terms of its exploration of the economic thinking developed in those regions, particularly in Latin America. Bringing together an international group of historians of thought, economic historians and development economists from Latin America, Europe and other parts of the world, this volume is highly credited and is an excellent contribution to development studies. This book is divided into four parts. Following the introduction, Part I describes the evolution of core-p eriphery perspectives in key contributions by Raúl Prebisch, Oskar Lange, Albert Hirschman, Celso Furtado and Homero Cuevas. Part II discusses the links between unbalanced productive structures and external trade in peripheral countries. Part III contains chapters on critical epi- sodes in the development of monetary and financial systems in Latin America during the nineteenth and twentieth centuries. Part IV deals with geographical and institutional aspects of path dependence in the governance of external trade and in the development of liberties, property rights and economic education in Europe, Latin America and Africa. Several chapters make use of hitherto unex- plored archival material. Other chapters draw attention to important episodes or literatures that have largely gone unnoticed in the English- speaking world. Yet others combine conceptual innovations with work on new historical data and other sources hitherto not utilized in such contexts. This book is ideal for those who study and research development economics, history of economic thought and economic history, especially in Latin America. Mario Garcia-M olina is Professor of Economics at the Universidad Nacional de Colombia, Colombia. Hans- Michael Trautwein is Professor of International Economics at the Uni- versity of Oldenburg, Germany. Routledge studies in development economics For a complete list of titles in this series, please visit www.routledge.com. 93 Business Regulation and 99 State–Business Relations and Non- State Actors Economic Development in Whose standards? Whose Africa and India development? Edited by Kunal Sen Edited by Darryl Reed, 100 Digital Interactions in Peter Utting and Developing Countries Ananya Mukherjee-R eed An economic perspective 94 Public Expenditures for Jeffrey James Agricultural and Rural 101 Migration and Inequality Development in Africa Edited by Tanja Bastia Edited by Tewodaj Mogues and Samuel Benin 102 Financing Regional Growth and the Inter- American 95 The Global Economic Crisis Development Bank and the Developing World The case of Argentina Implications and prospects for Ernesto Vivares recovery and growth Edited by Ashwini Deshpande 103 Globalization and Development and Keith Nurse Rethinking interventions and governance 96 The Microfinance Impact Edited by Arne Bigsten Ranjula Bali Swain 104 Disasters and the Networked 97 Gendered Insecurities, Health Economy and Development in Africa J.M. Albala-B ertrand Edited by Howard Stein and 105 Microfinance, Debt and Amal Hassan Fadlalla Over- Indebtedness 98 Financial Cooperatives and Juggling with money Local Development Edited by Isabelle Guérin, Edited by Silvio Goglio and Solène Morvant-R oux and Yiorgos Alexopoulos Magdalena Villarreal 106 The Universal Social Safety-N et 113 African Industrial and the Attack on World Poverty Development and European Pressing need, manageable cost, Union Cooperation practical possibilities, favourable Prospects for a reengineered spillovers partnership Anthony Clunies-R oss and Francis A.S.T. Matambalya Mozammel Huq 114 Developmental 107 Youth and Employment in Macroeconomics Sub-S aharan Africa New developmentalism as a Working but poor growth strategy Edited by Hiroyuki Hino and Luiz Carlos Bresser- Pereira, Gustav Ranis José Luis Oreiro and 108 Financial Stability and Growth Nelson Marconi Perspectives on financial regulation and new 115 Industrial Innovation, developmentalism Networks and Economic Edited by Development Luiz Carlos Bresser-P ereira, Informal information sharing in Jan Kregel and low- technology clusters in India Leonardo Burlamaqui Anant Kamath 109 A History of Development 116 Employment and Inclusive Economics Thought Development Challenges and counter-c hallenges Rizwanul Islam and Shahrukh Rafi Khan Iyanatul Islam 110 Economic Complexity and Human Development 117 Growth and Institutions in How economic diversification African Development and social networks affect human Edited by Augustin K. Fosu agency and welfare Dominik Hartmann 118 Public Finance and Economic Growth in Developing 111 Building Businesses in Emerging Countries and Developing Countries Lessons from Ethiopia’s reforms Challenges and opportunities Stephen B. Peterson Edited by Elie Chrysostome and Rick Molz 119 Peripheral Visions of Economic 112 The Informal Economy in Development Developing Countries New frontiers in development Edited by Jean-P ierre Cling, economics and the history of Stéphane Lagrée, economic thought Mireille Razafindrakoto and Edited by Mario Garcia-M olina François Roubaud and Hans- Michael Trautwein This page intentionally left blank Peripheral Visions of Economic Development New frontiers in development economics and the history of economic thought Edited by Mario Garcia-M olina and Hans- Michael Trautwein First published 2016 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN and by Routledge 711 Third Avenue, New York, NY 10017 Routledge is an imprint of the Taylor & Francis Group, an informa business © 2016 selection and editorial matter, Mario Garcia-M olina and Hans- Michael Trautwein; individual chapters, the contributors The right of the editors to be identified as the author of the editorial matter, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilized in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data Peripheral visions of economic development : new frontiers in development economics and the history of economic thought / edited by Mario Garcia-Molina and Hans-Michael Traut. pages cm 1. Economic development–Developing countries. 2. Economic history. 3. International cooperation. I. Garcia Molina, Mario, editor. II. Traut, Hans-Michael, editor. HC59.7.P456 2015 338.9–dc23 2015018320 ISBN: 978-1-138-90922-9 (hbk) ISBN: 978-1-315-69409-2 (ebk) Typeset in Times New Roman by Wearset Ltd, Boldon, Tyne and Wear Contents List of figures x List of tables xi Notes on contributors xii 1 Introduction 1 MARIO GARCIA- MOLINA AND HANS- MICHAEL TRAUTWEIN PArT I Core and periphery 13 2 Core and periphery in the early Cold War: a historical analysis of development theory 15 NATáLIA BRACARENSE 3 Anarchic accumulation, un-e ffective demand and institutional constraints: Oskar Lange’s critique of capitalist dynamics in the core and the periphery 47 ROBERTO LAMPA 4 Development economics today: insights from Hirschman and Furtado 61 DAVIDE GUALERzI AND ALAN CIBILS 5 Classical thought from the periphery: Homero Cuevas on non- basic goods and the standard commodity 76 MARIO GARCIA- MOLINA AND JULIáN LIBREROS viii Contents PArT II Productive structures and external trade 91 6 Free trade and protectionism in primary export economies 93 PIER LUIGI PORTA 7 CEPAL and the balance of payments constraint in the 1950s 108 MAURO BOIANOVSkY AND RICARDO SOLíS 8 The unbalanced productive structure: a reconstruction of Marcelo Diamand’s contributions to economic theory 126 ARIEL DVOSkIN AND GERMáN DAVID FELDMAN 9 A reinterpretation of the ‘unbalanced productive structures’ 138 EDUARDO CRESPO AND ANDRéS LAzzARINI PArT III Money and finance 157 10 Nineteenth century monetary utopias in Latin America: the influence of French liberalism on the Colombian free banking experiment 159 ANDRéS áLVAREz 11 Distributive conflict and monetary institutions in peripheral economies: the Argentine experience with the Exchange Office of 1867 173 GERMáN DAVID FELDMAN 12 The Gold- Exchange Standard in practice: banking devices and international monetary relations, 1890–1914 188 EUGENIA DINIVITzER 13 The BIS and the Latin American debt crisis of the 1980s 203 PIET CLEMENT AND IVO MAES PArT IV Geography and institutions 229 14 Trade and colonization: the development of economic thought about two types of transnational governance 231 HANS-MICHAEL TRAUTWEIN Contents ix 15 Struggling for institutional change: merchant guilds, trans-i mperial entangled policies and Spanish backwardness: Havana in Atlantic perspective, 1792 267 JESúS BOHORqUEz 16 The teaching of political economy, circulation of ideas and economic performance: a review of the Colombian experience in the nineteenth century 286 CLAUDIA MILENA PICO 17 Path dependence and interdependence in institutions: the Nigerian case 306 DAVID FADIRAN AND MARE SARR Index 337
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