The Palgrave Handbook of Development Economics: Critical Reflections on Globalisation and Development

This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development.

Machiko Nissanke is Professor Emeritus of Economics at School of Oriental and African Studies, University of London. She has published extensively on a wide range of topics including finance and development, debt dynamics and macroeconomic management, institutional economics and globalization in books, journals and UN reports. She has served as advisor to various international organisations and research networks, and directed several major international research programmes. 

José Antonio Ocampo is Member of the Board of Directors of Banco de la República, Colombia’s central bank, and Chair of the Committee for Development Policy of the United Nations Economic and Social Council (ECOSOC). He teaches at Columbia University’s School of International and Public Affairs and Universidad de los Andes in Bogotá. He has published extensively on macroeconomic theory and policy, international financial issues, economic and social development,international trade, and Colombian and Latin American economic history.