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Full-Text Articles in Social and Behavioral Sciences
The Great Consensus After The Great Recession: The Case Of Jamaica, Anthony N. Iacovelli
The Great Consensus After The Great Recession: The Case Of Jamaica, Anthony N. Iacovelli
Electronic Theses and Dissertations
The purpose of this research was to determine the efficacy of the International Monetary Fund’s Stabilization Program (IMFSP) as a tool for economic development. The Fund’s program utilizes an approach steeped in the Washington Conesus, which requires austere and demand side economic measures to be taken to achieve success. To determine efficacy, Jamaica was used as a case study, where special attention paid to the supply side economic consideration of human capital development in Health and Education. Additionally, this paper contrasted the IMF approach with a case study of Singapore and the Developmentalist approach to economic development. The research provided …
Institutions, The State, And Economic Development: An Analysis And Evaluation Of Ha-Joon Chang's Critique Of The Dominant Discourse And His Thoughts On State-Led Development Theory, Luke M. Jackson
Electronic Theses and Dissertations
This paper examines two distinct schools of thought on how to best spur economic activity in developing economies. Mainstream economists, like Hernando De Soto and Douglass North, argue private property rights and free markets, and the institutions which nourish and protect them, are the primary driver of economic growth. Heterodox economists, led by prominent author and economist Ha-Joon Chang, acknowledge institutions play an important role in inducing economic activity but challenge the notion institutions are the primary driver of development. They argue targeted state-led investment and regulation are as important, if not more important, than protecting market freedom and private …
The Resource Curse: The Cases Of Botswana And Zambia, Audria Crain
The Resource Curse: The Cases Of Botswana And Zambia, Audria Crain
Electronic Theses and Dissertations
A puzzling correlation has been observed over the last thirty years between slow or negative economic growth and countries with large export dependence on natural resources. This correlation has been dubbed "the resource curse." It has been argued that resource wealth has an inherently negative effect on the economic growth of developing countries. Zambia is such a country in which resource-dependence has been coupled with poor economic performance; Botswana, however, is an important exception to this phenomenon. The question is: Why or how has Botswana surmounted the effects of the resource curse while Zambia has not? A comparative case analysis …
How Business Climate And Political Climate Influence Economic Growth And Economic Development In The American States, James H. Black
How Business Climate And Political Climate Influence Economic Growth And Economic Development In The American States, James H. Black
Electronic Theses and Dissertations
Economist Joseph Schumpeter’s examination into the relationships between business cycles and periods of economic expansion defines the government’s role in markets as limited. However, he viewed government intervention as a precursor to improving the levels of economic growth and expanding an individual’s quality of life. This study examines how measures of business and political climate might explain variations in the level of economic growth and development across the states. Economic growth is gauged from the microeconomic perspective of the individual (per capita income) and from the macroeconomic viewpoint of the state’s economy (gross state product). Economic development is defined by …