Development and Underdevelopment: The Political Economy of Inequality

Description

Praise for the previous editions: "The selection of materials is excellent, and the brief introductions to each selection are deft and informative. Impressively, space has also been found for critiques of the most important positions.... The book also provides a convenient and enjoyable review for those who may have followed the literature as it emerged."—Journal of Developing Areas "A very comprehensive and compelling set of articles on the subject of economic development and inequality.... Provides a balanced view of the issues.... Highly recommended."—Choice "One of the most comprehensive volumes yet produced on the causes of income inequality between and within countries.... Seligson and Passé-Smith have compiled a brilliant selection of literature which is a must for anyone wishing to better understand the elusive concepts of development and underdevelopment."—Gareth Elliot, South African Journal of International Affairs DESCRIPTION The fifth edition of this classic reader retains many of the articles that have made the book a must-assign for classes on development and political economy, but has been updated with 14 new chapters that look even more deeply at long-term factors that help to explain the origins and current trends in the gap between rich and poor. An entirely new section focuses on natural resource and environmental issues, and the appendix of wealth and inequality indicators has been fully revised. The editors' short introduction to each selection, highlighting its significance, remains a key feature of the book. ABOUT THE AUTHOR Mitchell A. Seligson is Centennial Professor of political science at Vanderbilt University. John T Passé-Smith is professor of political science at the University of Central Arkansas. CONTENTS The Dual Gaps: An Overview of Theory and Research—M.A. Seligson. IS THERE A GAP BETWEEN RICH AND POOR COUNTRIES? Characteristics of the Income Gap Between Countries: 1960-2010—J.T Passé-Smith. The Rising Inequality of World Income Distribution—R.H. Wade. Empirics of World Income Inequality—G. Firebaugh. Assessing Contending Measures of the Gap—J.T Passé-Smith. The Economic Lives of the Poor—A. Banerjee and E. Duflo. THE HISTORICAL ORIGINS OF THE GAP. The World Economy: A Millennial Perspective—A. Maddison. Why Did Human History Unfold Differently on Different Continents?—J. Diamond. Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development—D. Rodrik, A. Subramarian, and F. Trebbi. The Colonial Origins of Comparative Development—D. Acemoglu, S. Johnson, and J. Robinson. Macroeconomic Narratives from Africa and the Diaspora: Institutions versus Policies: A Tale of Two Islands—P.B. Henry and C. Miller. THE OTHER GAP: DOMESTIC INCOME INEQUALITY. Economic Growth and Income Inequality—S. Kuznets. Inequality and Insurgency—E.N. Muller and M.A. Seligson. Global Inequality: Beyond the Bottom Billion—I. Ortiz and M. Cummins. Equality and Efficiency: Is There a Tradeoff Between the Two or Do They Go Hand in Hand?—A. Berg and J.D. Ostry. Do Poorer Countries Have Less Capacity for Redistribution?—M. Ravillion. THE CLASSICAL THESIS: CONVERGENCE OR DIVERGENCE? The Five Stages of Growth—W.W. Rostow. Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show—W.J. Baumol. Productivity Growth, Convergence, and Welfare: Comment—J.B. DeLong. CULTURE AND UNDERDEVELOPMENT. The Achievement Motive in Economic Growth—D.C. McClelland. Underdevelopment Is a State of Mind—L.E. Harrison. The Effect of Cultural Values on Economic Development: Theory, Hypotheses, and Some Empirical Tests—J. Granato, R. Inglehart, and D. Leblang. DEPENDENCY AND WORLD SYSTEMS THEORY: STILL RELEVANT? The Development of Underdevelopment—A.G. Frank. American Penetration and Canadian Development: A Case Study of Mature Dependency—H. Hammer and J.W. Gartrell. New Paths: Globalization in a Historical Perspective—F.H. Cardoso. THE ROLE OF INSTITUTIONS. Big Bills Left on the Sidewalk: Why Some Nations Are Rich and Others Poor—M. Olson, Jr. Urban Bias and Inequality—M. Lipton. Political Regimes and Economic Growth—A. Przeworski and F. Limongi. Inequality As a Constraint on Growth in Latin America—N. Birdsall and R. Sabot. What Makes Countries Rich or Poor?—J. Diamond. NATURAL RESOURCES, CLIMATE CHANGE, AND THE GAP. Commodity Prices, Growth, and the Natural Resource Curse—P. Collier and B. Goderis. Parasite Prevalence and the Worldwide Distribution of Cognitive Ability—C. Eppig, C. Fincher, and R. Thornhill. Climate Change and Economic Growth: Evidence from the Last Half Century—M. Dell, B.F. Jones, and B.A. Olken. CONCLUSION. Inequality in a Global Perspective: Directions for Further Research—M.A. Seligson. Appendix: Basic Indicators of the Gaps Between Rich and Poor Countries.