Written by one of the leading authorities in the field, the Second Edition of this successful book:
Situates students in the expanding field of development theory; Provides an unrivalled guide to the strengths and weaknesses of competing theoretical approaches; Explains key concepts; Examines the shifts in theory; Offers an agenda for the future
In this book, the author brings a huge range of experience and knowledge about the relationship between the economically advanced and the emerging, developing nations.
Chapter 8: Equity and Growth Revisited: From Human Development to Social Development
Equity and Growth Revisited: From Human Development to Social Development
Redistribution with growth was prominent in the 1970s but was sidelined during the neoliberal era and is currently being revisited. East Asian experiences are noted for high growth rates but they can also be considered with a view to equity. The human development approach makes a strong case for combining equity and growth along the lines of human capital; this can be extended with a stronger perspective on the social dimension – as social development. Studies of welfare states add depth to equity-growth arguments. Economic sociology addresses questions of embeddedness, social capital, networks and trust. By combining a variety of arguments on equity and growth, this ...