"The promotion of economic development is a recurrent area of interest, both in the policy ground as well as in the academic arena. Developed and developing countries are aware that there are pending issues to be solved. Trying to offer a response to some of them, the Sustainable Development Goals (SDGs) or the 2030 Agenda of the United Nations balance social, economic and environmental factors which are in turn the pillars for sustainable economic growth. In this context, social changes, innovations, and technological advances would play a crucial role. But the needed changes require adequate economic policies aimed to promote sustainable economic development. Joint to this, the past financial and economic crisis has questioned the usefulness of severalparadigms accepted by the academy and has also favored the research on economic policies. In the current globalized world, the new approaches to conduct economic policies, and the practical lessons that emerge from empirical analysis, are revealed as necessary tools to understand international economic relations. In this book, we provide some contributions that show the most recent approaches showing to which extent economic policies would overcome a sustainable economic development. First, we will review the current situation and the perspectives of development theories and policies. Next, we will show the scope of both demand-side and supply-side policies, when trying to achieve economic development. Finally, we will show several examples of how developing countries from the Latin America area are dealing with the current situation after the economic crisis, in light of the Sustainable Development Goals. Our results provide a vast and comprehensive analysis of the situation, the perspective and the proposals for the future of the economic policies for development"--
Author(s): Carmen Díaz-Roldán, Laura Pérez Ortiz, Julimar da Silva Bichara
Series: Economic Issues, Problems and Perspectives
Publisher: Nova Science Publishers
Year: 2020
Language: English
Pages: 304
City: New York
Contents
Preface
Acronyms
Chapter 1
Economic Policies for Development. Beyond the Millennium Goals: An Introduction
Abstract
Introduction
Policies for Economic Development
Demand-Side Policies and the Goal of Development: The Short-Run vs. the Long-Run Perspective
Supply-Side Policies: The Role of Structural Policies on Economic Development
Economic Development Policies in Developing Countries: Some Examples from Latin America
Chapter 2
Economic Policies for Development: Current Situation and Future Prospects
Abstract
Introduction
European Strategy: Objectives and Relationship with SDGs
Objective 1
Objective 2
Objective 3
Objective 4
Objective 5
The Juncker Plan
Approach and Progress of European Economic Development Policy Based on Three Strategic Pillars: Poverty, Employment and Business
At-Risk-of-Poverty Rate and Threshold
The Three Categories of Poverty: Income, Material and Work
An Essential Tool: The European Social Fund (ESF)
Various Agents and Scales for a Common Development Goal
The Role of the Business Sector for Development
Conclusion
References
Chapter 3
The Development Theory and the Institutions: A Comparative Analytical Perspective
Abstract
Brief Retrospective of the Concept of Development
The Process of Development in Historical Perspective
Theories of Development
Institutions and Economic Development
The Original Institutionalist Economics
The Original Institutionalism of Thorstein Veblen
Original Institutional Economics Today
Final Considerations
References
Chapter 4
“Nudging” Development Policies
Abstract
Introduction
Political Economy Definition
The Concept of Rationality
Traditional Public Policy Instruments
Addressing Market Failures
The Social Welfare Pursuit
Keynes: A Different Contribution
The Irruption of Behavioral Economics
The Limits of Rationality
Finite Willpower
Attitude to Risk and Uncertainty
Some Biases or Abnormalities
The Role of Preferences
Social Norms
Econs vs. Humans
Nudges
Conclusion
References
Chapter 5
Monetary and Fiscal Policy in Developing Countries
Abstract
Introduction
Monetary Policy in Developing Countries: The Importance of the Inflation Targeting Regime
Prerequisites for Inflation Targeting Regimes
Features of Inflation Targeting Regimes
Advantages and Disadvantages of Inflation Targeting
A General Model for Inflation Targeting
Inflation Targeting in Developing Countries
Fiscal Policy in Developing Countries
Procyclicality of Fiscal Policy in Developing Countries
New Evidence of Fiscal Behaviour in Developing Countries
Acknowledgments
References
Chapter 6
Economic Growth, Technological Progress and Technical Efficiency: A World Comparative 1970-2014
Abstract
Introduction
Growth Accounting
Data Envelopment Analysis: The Malmquist Productivity Index
Data and Sample
Results
Growth Accounting Decomposition
Technical Efficiency and Technological Progress: The Malmquist Index
Conclusion
References
Chapter 7
Employment Policies for Development
Abstract
Introduction
Acting on the Labor Market: Classification of Employment Policies
Training Policies for Employment
Job Creation Policies
Labor Intermediation Services
The Economic Fundamentals of Labor Policies
Employment Policy Strategies
Sustainable Development Goals and Active Labor Market Policies
Labor Market Policies in Developing Countries
Conclusion
References
Chapter 8
Industrial Policy in the 21st Century: Institutional Historic Trajectories Matter
Abstract
Introduction
Structural Change and Industrial Policies: The Importance of Building Knowledge-Based Assets
Structural Change and Institutions: Trajectories for Knowledge-Based Asset accumulation and Lock-in Processes
Compared Development Trajectories: Industrial Policies in Brazil and South Korea during the 20th and 21st Century
Conclusion
References
Chapter 9
Territorial Development
Abstract
Introduction
The Origin of Territory in Economic Thought
Territorial Development Theories
Territorial Convergence Theories
Theories of Territorial Divergence
Endogenous Development Theories
Territorial Development Policies
Regional Development Policies
Urban Development Policies
Rural Development Policies
Territorial Development in the 2030 Agenda
Sustainable Cities and Communities
Other SDG with Implications for Territorial Development
References
Chapter 10
Economic Structure and Growth in Brazil: An Analysis of Their Relations and Determinations on Long-and Short-Term Performance
Abstract
Introduction
Economic Structure and Economy Dinamization
Evolution of Brazil’s Productive Structure in the Long Term
State Performance and Investments Rate
Brazilian Economic Performance in the Period 2000 to 2018
Final Remarks
References
Chapter 11
Finance and Development after the Global Financial Crisis: The Brazilian Experience
Abstract
Introduction
State, Development and Financial Intermediation
Credit and Capital Markets in Brazil: A Panoramic Perspective
Credit Patterns in Brazil: Evidence from MS-DR
Conclusion
Appendix
References
Chapter 12
Sustainable Development in Colombia: Challenges for Compliance with the 2030 Agenda
Abstract
Introduction
Environmental and Sanitary Legislation
SDGs in Colombia: Adoption and Challenges
New Rurality and Its Importance for Sustainable Development in Colombia
Rurality, Energy and New Technologies
The Urban - Rural Gap in Terms of Quality of Life
The Cases of Tierra Bomba Island and the Barú Peninsula in Cartagena de Indias, Colombia
Conclusion
References
Chapter 13
Public Policies and the Development of Costa Rica: An Approach from the Productive Sectors and the Labor Market
Abstract
Introduction
An Approach from the Theory
Public Policies in the Development of Costa Rica: The Productive Sectors and the Labor Market Supported by Education
Public Policies
Behavior of the Main Productive Activities and Their Contribution to Development: Did Public Policies Achieve Their Objective?
Final Reflection: How to Improve the Contribution for the Development of Public Policies of the Productive and Labor Sectors in Costa Rica
References
About the Editors
Index
Blank Page
