Fifty years of growth economics
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2013
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Abstract
Growth economics is arguably overdue for a “scientific revolution” to accommodate new demands, such as enlarging the menu of practical policy options so as to: enable countries to increase capital investment towards (green) technology; improve education delivery in order to enhance the quality of human capital, increase employability and arrive at equitable outcomes; and implement institutional reforms to yoke and temper market forces. The purpose of this chapter is to review how thinking on growth has evolved since the 1950s through the interplay of international politics, country-level experience, and theorizing – almost exclusively conducted in Western countries.
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GREEN GROWTH, HUMAN CAPITAL, TECHNOLOGY GAP, DEMAND MANAGEMENT, DEVELOPMENT THEORY, APPROPRIATE TECHNOLOGY, ECONOMIC THEORY, ENVIRONMENTAL ECONOMICS, ECOLOGY, INDUSTRIALIZATION, GLOBAL SOUTH