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.
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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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