Deals and Development: The Political Dynamics of Growth Episodes
Lant Pritchett, Kunal Sen, and Eric Werker
Abstract
When are developing countries able to initiate periods of rapid growth and why have so few of these countries been able to sustain growth over decades? Deals and Development: The Political Dynamics of Growth Episodes seeks to answer these questions and many more through a novel conceptual framework built from a political economy of business–government relations. Economic growth for most developing countries is not a linear process. Growth instead proceeds in booms and busts, yet most frameworks for thinking about economic growth are built on the faulty assumption that a country’s economic perf ... More
When are developing countries able to initiate periods of rapid growth and why have so few of these countries been able to sustain growth over decades? Deals and Development: The Political Dynamics of Growth Episodes seeks to answer these questions and many more through a novel conceptual framework built from a political economy of business–government relations. Economic growth for most developing countries is not a linear process. Growth instead proceeds in booms and busts, yet most frameworks for thinking about economic growth are built on the faulty assumption that a country’s economic performance is largely stable. Deals and Development explains how growth episodes emerge and when growth, once ignited, is maintained for a sustained period. It applies its new framework to examining the growth of countries across a range of institutional and political contexts in Africa and Asia, using the examples of Bangladesh, Cambodia, India, Malaysia, Thailand, Ghana, Liberia, Malawi, Rwanda, and Uganda. Through these country analyses it demonstrates the explanatory power of its framework and the importance of feedback cycles in which economic trends interact with political behaviour to either sustain or terminate a growth episode. Offering a lens through which to analyse complex scenarios and unwieldy amounts of information, this book provides actionable levers of intervention to bring around reform and improve a country’s chance at achieving transformative economic growth.
Keywords:
economic growth,
political settlements,
deals environment,
rent space,
structural transformation,
policy
Bibliographic Information
| Print publication date: 2017 |
Print ISBN-13: 9780198801641 |
| Published to Oxford Scholarship Online: December 2017 |
DOI:10.1093/oso/9780198801641.001.0001 |
Authors
Affiliations are at time of print publication.
Lant Pritchett, editor
Professor of the Practice of International Development, Kennedy School of Government, Harvard University, US
Kunal Sen, editor
Professor of Development Economics, Global Development Institute University of Manchester, UK
Eric Werker, editor
Associate Professor of Strategy and International Business, Beedie School of Business, Simon Fraser University, Canada
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