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Several central debates in development macroeconomics

In: Development Macroeconomics

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Abstract

This chapter introduces figures on global poverty and comparison across world regions according to several indicators. It also includes a short discussion on the reliability of data and the fact that there is also evidence showing that poverty reduction is not as successful as many World Bank reports claim. Following the figures, there is a section on different theories of economic growth that underpin most development debates. Additionally, the chapter introduces the main topics of development macroeconomics such as the Washington Consensus and its criticism, thus including fiscal policy and the role of the state, trade liberalization and financial liberalization. Additional sections contain an introduction to industrial policy and institutions, thus heterodox issues that have been or still are neglected by mainstream economics. The introduction of these topics is made to subsequently explain their importance or their gaps that need to be filled by the book’s analysis.

Suggested Citation

  • ., 2020. "Several central debates in development macroeconomics," Chapters, in: Development Macroeconomics, chapter 1, pages 7-40, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19972_1
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    File URL: https://www.elgaronline.com/view/9781800371118.00006.xml
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    Cited by:

    1. Alessandro Ferrari & Valerio Nispi Landi, 2023. "Toward a Green Economy: The Role of the Central Bank’s Asset Purchases," International Journal of Central Banking, International Journal of Central Banking, vol. 19(5), pages 287-340, December.
    2. Smith, A. Lee & Valcarcel, Victor J., 2023. "The financial market effects of unwinding the Federal Reserve’s balance sheet," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    3. Vlieghe, Gertjan, 2022. "Demographics and other constraints on future monetary policy," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    4. Elsayed, Ahmed H. & Nasir, Muhammad Ali, 2022. "Central bank digital currencies: An agenda for future research," Research in International Business and Finance, Elsevier, vol. 62(C).
    5. Jabbar, Abdul & Geebren, Ahmed & Hussain, Zahid & Dani, Samir & Ul-Durar, Shajara, 2023. "Investigating individual privacy within CBDC: A privacy calculus perspective," Research in International Business and Finance, Elsevier, vol. 64(C).
    6. Ozili, Peterson K, 2021. "Managing Climate Change Risk: The Policy Options for Central Banks," MPRA Paper 111217, University Library of Munich, Germany.

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    Keywords

    Development Studies; Economics and Finance;

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