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From universalism to individualism: New approaches to economic growth analysis

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  • Ivan L. Lyubimov

Abstract

This paper examines the evolution of academic and applied approaches to analyze the problem of economic growth since the mid-XX century. For quite an extended period of time, these views were corresponding to universalist economic policies taking no adequate account of particularities and limitations that a certain catching-up economy embodied. New approaches analyzing the problems of economic growth, on the contrary, individualize growth diagnostics, structural transformation and the organization of reforms processes for the emerging economies. We argue that individualist approaches might be potentially more effective than the universalist ones for solving the problem of slow economic growth.

Suggested Citation

  • Ivan L. Lyubimov, 2019. "From universalism to individualism: New approaches to economic growth analysis," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    • Handle: RePEc:nos:voprec:y:2019:id:2492
    DOI: 10.32609/0042-8736-2019-11-108-126
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    File URL: https://www.vopreco.ru/jour/article/viewFile/2492/2224
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    Cited by:

    1. O. V. Buklemishev, 2023. "“Structural Transformation” of the Russian Economy and Economic Policy," Studies on Russian Economic Development, Springer, vol. 34(4), pages 456-463, August.

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