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Resilience to Economic Shrinking : A Social Capability Approach to Processes of Catching up in the Developing World 1951-2016

Andersson, Martin LU (2018) In Lund Papers in Economic History. Development Economics
Abstract
This paper highlights and assesses the importance of the role of economic shrinking for the long-term growth process in the developing world over the period 1951-2016. On the basis of descriptive analysis it shows that resilience to shrinking, even among the miracle economies in Pacific Asia, plays a more important role for successful catching up than economic growth per se. The paper then proposes and elaborates on a novel way of how to understand resilience to shrinking and argues that five interrelated social capabilities are of special significance: inclusive and broad based economic growth; engagement in more complex and transformative economic activities; generation of social arrangements for conflict resolution; the state’s autonomy... (More)
This paper highlights and assesses the importance of the role of economic shrinking for the long-term growth process in the developing world over the period 1951-2016. On the basis of descriptive analysis it shows that resilience to shrinking, even among the miracle economies in Pacific Asia, plays a more important role for successful catching up than economic growth per se. The paper then proposes and elaborates on a novel way of how to understand resilience to shrinking and argues that five interrelated social capabilities are of special significance: inclusive and broad based economic growth; engagement in more complex and transformative economic activities; generation of social arrangements for conflict resolution; the state’s autonomy against vested interests; and the state’s accountability in delivering public goods. The implication of the paper is that economic development would be better encouraged by strengthening these social capabilities rather than focusing on the short-term growth rate. (Less)
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author
organization
publishing date
type
Working paper
publication status
published
subject
keywords
economic shrinking, social capability, economic growth, catching up, developing countries, O10, O11, O47, O57, F63, N10
in
Lund Papers in Economic History. Development Economics
issue
2018:183
pages
28 pages
language
English
LU publication?
yes
id
b7ed9078-9c2b-48e8-aec2-1cf5e31d6182
date added to LUP
2018-11-05 16:26:34
date last changed
2018-11-21 21:42:59
@misc{b7ed9078-9c2b-48e8-aec2-1cf5e31d6182,
  abstract     = {This paper highlights and assesses the importance of the role of economic shrinking for the long-term growth process in the developing world over the period 1951-2016. On the basis of descriptive analysis it shows that resilience to shrinking, even among the miracle economies in Pacific Asia, plays a more important role for successful catching up than economic growth per se. The paper then proposes and elaborates on a novel way of how to understand resilience to shrinking and argues that five interrelated social capabilities are of special significance: inclusive and broad based economic growth; engagement in more complex and transformative economic activities; generation of social arrangements for conflict resolution; the state’s autonomy against vested interests; and the state’s accountability in delivering public goods. The implication of the paper is that economic development would be better encouraged by strengthening these social capabilities rather than focusing on the short-term growth rate.},
  author       = {Andersson, Martin},
  language     = {eng},
  note         = {Working Paper},
  number       = {2018:183},
  series       = {Lund Papers in Economic History. Development Economics},
  title        = {Resilience to Economic Shrinking : A Social Capability Approach to Processes of Catching up in the Developing World 1951-2016},
  url          = {https://lup.lub.lu.se/search/ws/files/53803357/LUP_183.pdf},
  year         = {2018},
}