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Bringing Production Back into Development: An introduction

Chang, H-J; Andreoni, A; (2021) Bringing Production Back into Development: An introduction. The European Journal of Development Research , 33 pp. 165-178. 10.1057/s41287-021-00359-3. Green open access

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Abstract

Production was at the heart of economics from the days of Classical economics. However, with the rise of Neoclassical economics in the late 19th century, production has lost its status as the ultimate interest of economics. Several opportunities for fruitful integration of alternative streams of economics research-Evolutionary, Structuralist and Keynesian in particular-have been also missed. Even the humanist approaches to development, such as Sen's Human Capability Approach, paid little attention to the domain of production. In this article, we argue that the fragmentation of the production-centred paradigm has weakened both academic research and policy-making related to economic development. We introduce and discuss eight articles developed around the special issue theme of Bringing Production Back into Development. We argue that a renewed 'productionist' agenda is essential to address the structural challenges faced by developing countries, even more so after the revelation of structural weaknesses by the pandemic.

Type: Article
Title: Bringing Production Back into Development: An introduction
Location: England
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/s41287-021-00359-3
Publisher version: https://doi.org/10.1057/s41287-021-00359-3
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions.
Keywords: Economic development, Human capability approach, Industrial policy, Production, Productive capabilities
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
URI: https://discovery.ucl.ac.uk/id/eprint/10124056
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