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Globalisation Trade and Development

AKHILESH CHANDRA PRABHAKAR

ISBN 10: 3843387281 / ISBN 13: 9783843387286
Published by LAP Lambert Academic Publishing
New Condition: New Soft cover
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Paperback. 368 pages. Dimensions: 8.7in. x 5.9in. x 0.8in.The standard development and growth theory and practice in the post-Second World War era gravely misled about the key determinants of economic development. The postwar models focused mainly on the patterns of savings and investment by a representative household and firm. According to such models, the biggest development challenge was raising the rate of capital accumulation. The socialist economies-including the Soviet Union, China and, in case of even India, they took the emphasis on capital accumulation to the extreme, by employing various forms of compulsion, including extreme suppression of peasant incomes, to raise national saving rates in order to speed industrialization, urbanization and development. The savings-led model of development proved to be inadequate both in theory and in practice. China and India are the largest economies today, which have fully integrated into global markets but there are fundamentally different conditions in the two places such as differences in the extent of urbanization, industrialization, and rural development, even differences in solving poverty and unemployment problems. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9783843387286

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Bibliographic Details

Title: Globalisation Trade and Development

Publisher: LAP Lambert Academic Publishing

Binding: Paperback

Book Condition:New

Book Type: Paperback

About this title

Synopsis:

The standard development and growth theory and practice in the post-Second World War era gravely misled about the key determinants of economic development. The postwar models focused mainly on the patterns of savings and investment by a representative household and firm. According to such models, the biggest development challenge was raising the rate of capital accumulation. The socialist economies-including the Soviet Union, China and, in case of even India, they took the emphasis on capital accumulation to the extreme, by employing various forms of compulsion, including extreme suppression of peasant incomes, to raise national saving rates in order to speed industrialization, urbanization and development. The savings-led model of development proved to be inadequate both in theory and in practice. China and India are the largest economies today, which have fully integrated into global markets but there are fundamentally different conditions in the two places such as differences in the extent of urbanization, industrialization, and rural development, even differences in solving poverty and unemployment problems.

About the Author:

Akhilesh Chandra Prabhakar is an Assistant Professor in Economics in Ethiopia since 2005. He obtained a first class M.A. in Economics,and a Ph.D. from JNU, New Delhi. He is a Member of the UN based Inter-Governmental Think Tank on the Intellectual Networks for the South. He served as a Director of Third World Social Form since 2005.

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