Shortcut or Piecemeal : Economic Development Strategies and Structural Change.

Cover -- Title page -- Copyright page -- Table of Contents -- List of Figures -- List of Tables -- Introduction -- I. DEVELOPMENTAL STRATEGIES PURSUED OVER THE PAST CENTURY -- Chapter 1. Centrally Planned and Administered Economy and Steep Ascent Strategy: A Complete Failure -- Whence Came the Economic System Considered Here? -- Multiple Distortions Stemming from the Soft Budget Constraint -- Economic Development Strategy under Central Planning -- The World of Make-Believe: Propaganda Image and Reality in the Economic Development of Communist Command Economies -- The "Shortcut" Years Lost in Chasing the Chimera -- Chapter 2. Development Economics-based Strategy in Less Developed Countries: An Incomplete Failure -- The Post-World War II International Landscape and Economic Development -- Whence Came the Body of Thinking Called "Development Economics" And What Kind of Recommendations It Offered? -- Without the Benefit of Hindsight: Some Comments on Development Economics and Pursued Strategy -- From Problems of Economic Growth to Growth of Economic Problems: Inward Orientation in Practice -- Development Economics-based Strategy: Was Inward Orientation Worth the Bother? -- Chapter 3. A Shift Toward Better Understood (and Appreciated) Classical Economic Prescriptions: An Incomplete Success -- Millsian "Conspiring Circumstances" and a Gradual Intellectual Conversion -- Asian "Little Dragons": Unloved Children of Developmental Success Growing Adverse Consequences of Post-WWII Ideas: The Triumph of "Conspiring Circumstances" from West to South to East -- Growing Adverse Consequences of Post-WWII Ideas: The Triumph of "Conspiring Circumstances" from West to South to East -- Two Cheers for an Open Capitalist Market Economy: Why Is Success Incomplete So Far? -- II. TRANSFORMATIONS OF OUTPUT STRUCTURE IN THE PROCESS OF ECONOMIC DEVELOPMENT.

Chapter 4. Industrialization: The First Major Phase of Structural Transformation -- Introductory Remarks on the Industrialization Literature and Structural Change -- Patterns of Structural Change during the Industrialization Phase -- Amplifications and Corrections of the Standard Patterns Established in the Development Economics Literature: The Impact of Institutions -- Good Institutions: A Closer Look at Economic Freedom -- Chapter 5. The Shift to Human Capital-intensive Market Services: The Second Major Phase of Structural Transformation -- Between Theorizing on Structural Transformation and Alarms on Destructive Deindustrialization -- Determinants of Demand Shift to Market Services -- Commoditization of Manufactures and Changing Competitive Position of Developed Western Countries in the International Economy -- The Intangible Capital: Measurement, Importance, and Association with the Level of Economic Development -- Greater Importance of Institutional Quality in the Second Structural Transformation -- III. APPLYING THE CONCLUSIONS: BRIC COUNTRIES' DEVELOPMENTAL STRATEGIES -- Chapter 6. Russia and China: Some Historical as well as Performance Similarities (Up to a Point…) -- Russia's Twists, Turns, and Convulsions -- China's Convulsions, Failure, Turnaround, and the Glorious Present (But Not Without Question Marks about the Future) -- Chapter 7. India and Brazil: Two Perennial "Great Potentials" -- India, Its Strategies, Half Turns, and (Indeed) Great Potential -- Brazil: A Country Where the Future Has Arrived (Well, Not Quite…) -- Postscript: On Choosing Inefficient Institutions -- Bibliography -- Index -- Back cover.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.