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As the Century Turns: Analytics, Empirics and Politics of Development

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  • T. N. Srinivasan

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    (Economic Growth Center, Yale University)

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    Abstract

    The paper celebrates John Fei's life and contributions to economics by viewing them in the context of recent theoretical and empirical literature on the economics and politics of growth. It summarizes the lessons from the literature and development experience since the end of the second world war on the roles of the state, markets and other institutions in the development process. It highlights a major lesson, on which there is substantial agreement if not a consensus, on the importance of openness to foreign trade, technologies and capital flows to growth and on the importance of participatory democracy for political sustainability of growth-promoting policies.

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    Bibliographic Info

    Paper provided by Economic Growth Center, Yale University in its series Working Papers with number 783.

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    Length: 72 pages
    Date of creation: Dec 1997
    Date of revision:
    Handle: RePEc:egc:wpaper:783

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    Related research

    Keywords: Economic Development; Economic Growth; Openness and Growth; Foreign Trade and Growth; Technological Diffusion and Spillover; East Asian Economies; Political Economy; Authoritarianism and Development; Democracy and Development;

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    Cited by:
    1. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: a Skeptic's Guide to the Cross-National Evidence," Working Papers 9912, Economic Research Forum, revised Apr 1999.
    2. Teweldemedhin, M.Y. & van Schalkwyk, Herman D., 2010. "The impact of trade liberalisation on South African agricultural productivity," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95963, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
    3. Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.

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