Underdevelopment: A Strategy for Reform

Paolo Sylos Labini

doi:10.1017/CBO9780511493126

The process of globalization, evidenced by environmental change, migration, industrial relation and the extraordinary acceleration of industrial economic relations, has not led to increased convergence in the global economy. Rather, in some cases it has been accompanied by greater divergence between the fortunes of the world's richest and poorest nations. Professor Sylos Labini argues that mainstream economics provide limited help in considering these phenomena and instead adopts the perspectives of Adam Smith, David Riccardo and Malthus, who put economic growth at the centre of their analyses. In this short book he offers a fresh approach to the theory of economic growth and reminds us of the great variety of economic trajectories in developing countries. He further proposes a strategy of institutional reform to respond to the problem of underdevelopment. For Africa he recommends a strategy of organizational reforms, including a programme to eradicate illiteracy and to promote rural and industrial districts.

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Underdevelopment

A Strategy for Reform

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Contents

Frontmatter
pp i-vi

Contents
pp vii-vii

List of figures and tables
pp viii-viii

Introduction
pp 1-16

1 - Economic development in a secular perspective
pp 17-32

2 - Culture, institutions and resources
pp 33-59

3 - The inadequacy of mainstream economics to explain development processes: returns and prices
pp 60-77

4 - The inadequacy of mainstream economics to explain development processes: distribution and growth
pp 78-95

5 - Economic relations between developed and underdeveloped countries
pp 96-118

6 - Demographic pressure and the countries of increasing poverty
pp 119-137

7 - Dependent workers, employment and unemployment
pp 138-157

8 - Organizational and institutional innovations
pp 158-171

9 - The problem of corruption
pp 172-182

Conclusion: a strategy for reform
pp 183-198

Bibliography
pp 199-207

Index
pp 208-214

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A Strategy for Reform

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