La Politica Economica dei Paesi in via di Sviluppo

Abstract

This manual has been written to respond to the need of making available an exhaustive compilation in the Italian language of the main topics and problems of the political economy of development in poor countries. So far, a discussion of such topics in Italian has not been available. The drafting of this manual has benefitted from the teaching and research experience of several academics of the faculty of economics of the university of Florence. Part 1 focuses on key methodological approaches derived from the theory of collective choices. In turn, Part 2 discusses the orthodox and heterodox macroeconomic reforms applied in developing countries, and their problems. Part 3 illustrates the domestic policies that have been or should have been adopted in the field of food security, land reform, environmental sustainability, taxation, social spending, labor markets and population. Part 4 discusses then the domestic policy reforms in the field of international trade, foreign direct investments, capital flows and international migration. Last, Part 5 illustrates the historical experience of five policy regimes (i.e. the import substituting industrialization, redistributive approaches, the Asian Miracle, Washington Consensus, and Sustainable Development) that have been introduced in the non-socialist developing countries between the decolonization of the 1950s and the present time. The methodological approach followed in the manual starts from an evaluation of the real-life impact on growth, income distribution, the wellbeing of the population, and the environment of the policies adopted during each policy regime and in the main economic areas. Whenever the policy measures introduced in the past generated unsatisfactory results, the manual suggests possible alternatives inspired by the structuralist and Keynesian schools.