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Bringing Production Back into Development: An introduction.

Accepted version
Peer-reviewed

Type

Article

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Authors

Chang, Ha-Joon 
Andreoni, Antonio 

Abstract

Production was at the heart of economics from the days of Classical economics. However, with the rise of Neoclassical economics in the late 19th century, production has lost its status as the ultimate interest of economics. Several opportunities for fruitful integration of alternative streams of economics research-Evolutionary, Structuralist and Keynesian in particular-have been also missed. Even the humanist approaches to development, such as Sen's Human Capability Approach, paid little attention to the domain of production. In this article, we argue that the fragmentation of the production-centred paradigm has weakened both academic research and policy-making related to economic development. We introduce and discuss eight articles developed around the special issue theme of Bringing Production Back into Development. We argue that a renewed 'productionist' agenda is essential to address the structural challenges faced by developing countries, even more so after the revelation of structural weaknesses by the pandemic.

Description

Keywords

Economic development, Human capability approach, Industrial policy, Production, Productive capabilities

Journal Title

Eur J Dev Res

Conference Name

Journal ISSN

0957-8811
1743-9728

Volume Title

Publisher

Springer Science and Business Media LLC

Rights

All rights reserved