Regional-Science Theory Regional development is informed by regional-science theory.
Economic nationalism Following mercantilism was the related theory of economic nationalismpromulgated in the 19th century related to the development and industrialization of the United States and Germany, notably in the policies of the American System in America and the Zollverein customs union in Germany.
A significant difference from mercantilism was the de-emphasis on colonies, in favor of a focus on domestic production. Hamilton's Report on Manufactureshis magnum opus, is the founding text of the American System, and drew from the mercantilist economies of Britain under Elizabeth I and France under Colbert.
Forms of economic nationalism and neomercantilism have also been key in Japan's development in the 19th and 20th centuries, and the more recent development of the Four Asian Tigers Hong Kong, South Korea, Taiwan, and Singaporeand, most significantly, China.
Following Brexit and the United States presidential election,some experts have argued a new kind of "self-seeking capitalism" popularly known as Trumponomics could have a considerable impact on cross-border investment flows and long-term capital allocation   See also: Industrial development and Ragnar Nurkse's balanced growth theory The origins of modern development economics are Economics and rural development research papers traced to the need for, and likely problems with the industrialization of eastern Europe in the aftermath of World War II.
Only after the war did economists turn their concerns towards Asia, Africa and Latin America.
At the heart of these studies, by authors such as Simon Kuznets and W. Arthur Lewis  was an analysis of not only economic growth but also structural transformation.
Working Papers The Working Paper series is made up of contributions from academic staff in International Development (formerly DESTIN), PhD students, and visiting fellows. Anil K. Kashyap of the University of Chicago and the NBER, a member of the financial policy committee of the Bank of England, is researching macroprudential policy, looking at financial regulation and trying to figure out how a rerun of the financial crisis might be avoided. National Institute of Labour Economics Research and Development An Autonomous Institute under NITI Aayog, Government of India NILERD GYM,NILERD Hostel,NILERD Canteen,Nilerd Guest House.
Rostow in The Stages of Growth: This theory modifies Marx's stages theory of development and focuses on the accelerated accumulation of capital, through the utilization of both domestic and international savings as a means of spurring investment, as the primary means of promoting economic growth and, thus, development.
These stages are "the traditional society, the pre-conditions for take-off, the take-off, the drive to maturity, and the age of high mass-consumption"  Simple versions of the Harrod—Domar model provide a mathematical illustration of the argument that improved capital investment leads to greater economic growth.
That is to say that this early and simplistic theory failed to account for political, social and institutional obstacles to development. Furthermore, this theory was developed in the early years of the Cold War and was largely derived from the successes of the Marshall Plan.
This has led to the major criticism that the theory assumes that the conditions found in developing countries are the same as those found in post-WWII Europe. Lewis' two-sector surplus model, which views agrarian societies as consisting of large amounts of surplus labor which can be utilized to spur the development of an urbanized industrial sector, and Hollis Chenery's patterns of development approach, which holds that different countries become wealthy via different trajectories.
The pattern that a particular country will follow, in this framework, depends on its size and resources, and potentially other factors including its current income level and comparative advantages relative to other nations.
The two-sector surplus model, which was developed in the s, has been further criticized for its underlying assumption that predominantly agrarian societies suffer from a surplus of labor. Actual empirical studies have shown that such labor surpluses are only seasonal and drawing such labor to urban areas can result in a collapse of the agricultural sector.
The patterns of development approach has been criticized for lacking a theoretical framework. Unlike earlier theories, international dependence theories have their origins in developing countries and view obstacles to development as being primarily external in nature, rather than internal.
These theories view developing countries as being economically and politically dependent on more powerful, developed countries which have an interest in maintaining their dominant position.National Institute of Labour Economics Research and Development An Autonomous Institute under NITI Aayog, Government of India NILERD GYM,NILERD Hostel,NILERD Canteen,Nilerd Guest House.
ics, management and rural development, the idea to issue international scientific journal was born. This edition of “Economics and Rural . The ICABR Conference on “Disruptive Innovations, Value Chains, and Rural Development” organized in partnership with the World Bank, will serve as a multidisciplinary forum of discussion to facilitate interactions between leading academics, World Bank staff, policymakers, government experts, civil society organizations, private-sector representatives, and representatives of other.
Columbia University Professor Michael Woodford's "Accommodation at the Zero Lower Bound" showed how central bankers' words and targets can be just as powerful as actual actions. Economics papers.
Leadership in Economic Analysis to Improve Agricultural, Food, and Environmental Policy. The Center for Agricultural and Rural Development was founded at Iowa State University in to address problems, especially unintended consequences, in agricultural policy.
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