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Development Aid and Sustainable Economic Growth in AfricaThe Praxis of Economic Growth: Lessons from History

Development Aid and Sustainable Economic Growth in Africa: The Praxis of Economic Growth: Lessons... [Because economic theory provides such disparate views on normative action in international political economy, Raudino proposes to use the history of economic praxis as a design and implementing guide for public economic policies in low-income countries. By looking at the work of economic historians such as Friedrich List, Joseph Schumpeter, Robert Heilbroner, Ha-Joon Chang and Erik Reinert, Raudino identifies a fil rouge linking successful public economic practices throughout the centuries and across different continents. These can be traced from the dawn of economic development in the modern world—Italian city-states and the Low Lands in the thirteenth century—to the latest countries to successfully graduate in the second half of the twentieth century—including the Asian Newly industrialized Economies (NIEs). These policies can be seen as contributing towards a “virtuous cycle” of economic growth that has given solid proof of empirical validity.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Development Aid and Sustainable Economic Growth in AfricaThe Praxis of Economic Growth: Lessons from History

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-3-319-38935-6
Pages
79 –127
DOI
10.1007/978-3-319-38936-3_3
Publisher site
See Chapter on Publisher Site

Abstract

[Because economic theory provides such disparate views on normative action in international political economy, Raudino proposes to use the history of economic praxis as a design and implementing guide for public economic policies in low-income countries. By looking at the work of economic historians such as Friedrich List, Joseph Schumpeter, Robert Heilbroner, Ha-Joon Chang and Erik Reinert, Raudino identifies a fil rouge linking successful public economic practices throughout the centuries and across different continents. These can be traced from the dawn of economic development in the modern world—Italian city-states and the Low Lands in the thirteenth century—to the latest countries to successfully graduate in the second half of the twentieth century—including the Asian Newly industrialized Economies (NIEs). These policies can be seen as contributing towards a “virtuous cycle” of economic growth that has given solid proof of empirical validity.]

Published: Nov 27, 2016

Keywords: Gini Coefficient; Import Substitution; Hong Kong; Manufacturing Activity; Manufacture Export

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