The celebratory tone about the emergence of the BRICs and the improved growth in Sub Saharan Africa and Latin America during the 2000s obscures the reality that, for large parts of the developing world, the development challenges are more acute than ever before. After three decades of Washington Consensus policies, deepening globalization, and China's and India's increasing competitiveness in ever more goods and services, many developing countries are now facing three critical challenges: how to engender a transformation of the production structure that creates many more productive jobs, how to make growth more inclusive, and how to stimulate a growth process compatible with environmental sustainability.
This book brings together development scholars and practitioners from multiple academic disciplines and policy perspectives to analyze important facets of this triple challenge, to explore interconnections among them and suggest strategies for overcoming the challenges in the current age of globalization. Three features distinguish this book from other current works in the field. First, this book looks beyond the current global crisis and short-term growth opportunities and analyzes the challenges to development from a long-term perspective. Second, books on the barriers to development tend to concentrate on one of the three challenges, e.g. Barbier (2010) A Global Green New Deal on environmental sustainability; Cimoli, Dosi, Stiglitz (2009) Industrial Policy andDevelopment on structural transformation; and Milanovic (2011) The Have and the Have-Nots on exclusion. This book, in contrast, brings the three challenges together to emphasize that they challenges are interlinked and that strategies and policies must begin to recognize these interconnections to address different aspects of the challenges concomitantly. Finally, the contributors to the book include some of the most renowned development thinkers of our time.
University of Pittsburgh, Ph.D., M.A., B.A.
Eva Paus has published widely on different aspects of globalization and development. She recently co-edited 'Global Giant: Is China Changing the Rules of the Game?' (Palgrave Macmillan, 2009), which is based on the McCulloch Center conference "The Rise of China" in March 2008.
Her current research projects focus on the implications of the rise of China for the development prospects of (other) developing countries, the dilemma of policy space for pro-active development policies under current international multi-lateral and bilateral trade agreements, the role of foreign direct investment in the development process, and successful strategies in moving towards high-technology production.
Paus is the director of the McCulloch Center for Global Initiatives, a key part of the Plan for Mount Holyoke 2010. The mission of the Center is to equip MHC students to confront the global challenges of the 21st century.
