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Full Description
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.
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 examine 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.
Contents
1: Lant Pritchett, Kunal Sen, and Eric Werker: Deals and development - An introduction to the conceptual framework
2: Eric Werker and Lant Pritchett: Deals and development in a resource-dependent, fragile state: The political economy of growth in Liberia 1960-2014
3: Jonathan Said and Khwima Singini: Powerbrokers and patronage: Why Malawi has failed to structurally transform and deliver inclusive growth
4: Mirza Hassan and Selim Raihan: Navigating the deals world: The politics of economic growth in Bangladesh
5: Tim Kelsall and Heng Seiha: Not minding the gap: Unbalanced growth and the hybrid political settlement in Cambodia
6: Robert Darko Osei, Charles Ackah, George Domfe, and Michael Danquah: Political settlements and structural change: Why growth has not been transformational in Ghana
7: Badru Bukenya and Sam Hickey: Dominance and deals in Africa: How politics shapes Uganda's transition from growth to transformation
8: Pritish Behuria and Tom Goodfellow: The disorder of miracle growth in Rwanda: Understanding the limitations of transitions to open ordered development
9: Kunal Sen, Sabyasachi Kar, and Jagadish Prasad Sahu: The stroll, the trot, and the sprint of the elephant: Understanding Indian growth episodes
10: Kunal Sen and Matthew Tyce: The politics of structural (de)transformation: The unravelling of Malaysia and Thailand's dualistic deals strategies
11: Lant Pritchett, Kunal Sen, and Eric Werker: Searching for a 'recipe' for episodic development
