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Full Description
This is a conversational book with chapters directly followed by responses from experts. The main authors propose that the failure in development is not due to capitalism but rather rentism, which is earnings based on political rather market returns. Rent prevents development and ingrains social and economic inequalities. Using the case study of Brazil's economic development, it is shown how development fails because policies Brazil and other low to middle-income countries promote do not overcome the main obstacle to development - rent. The overcoming of rent would occur within a model of globalisation whereby the advanced economics still prosper concurrently as the poorest countries grow, all underpinned by international organisations defending a rule-based globalisation.
Not Paying the Rent: Imagining a Fairer Capitalism presents a new application of the theory of rent, both historically in the case of Brazil, and in practical terms in tackling it through modern international organisations. It will be relevant to students, researchers, and general readers interested in inequality and development economics.
Contents
Chapter 1: Introduction.- Chapter 2: Inherited Underdevelopment?.- Chapter 3: Overcoming Underdevelopment?.- Chapter 4: Brazilians, the Architects of Brazil?.- Chapter 5: A Neanderthal in Spacesuit.- Chapter 6: Institutional Complementarity, not rent, is the recipe of Brazil's economic failures by Fabricio H. Chagas-Bastos.- Chapter 7: Defending International Organisations in a Liberal International Order: Case study of the World Health Organisation.- Chapter 8: Rating the Liberalism of International versus World Society: Global Health as a Case in Point by Salvatore Babones.- Chapter 9: Development through International Trade: UN Conference on Trade and Development.- Chapter 10: Global Trade: The Return of Protectionism and Isolationism by Vinicius Neves dos Santos.- Chapter 11: Empowering Labour to Save Capitalism and role of the International Labour Organization.- Chapter 12: Fixing the Labour Surplus in Existing Economic Structures by Hannes Warnecke-Berger.- Chapter13: Economic Development through Social Movements.- Chapter 14: Economic Emancipation in a Sustainable Society: Bridging the Gaps between Economic and Environmental Justice Agenda by Thiago Elert Soares.
