Summary table of views in development economics

From Devec

This is a summary table of views on development economics.

Table

The "Background beliefs" group of columns gather some relevant background beliefs and assumptions. Roughly, they give a lens through which to view development economics.

The "Level of emphasis on explanations for differential growth" group of columns together respond to questions like:

  • Has growth failed?
  • Why has growth failed?
  • What must poor countries do to achieve growth?
  • Why are poor people poor?
  • Do the poor get poorer?

More factors for growth (quoted from Aghion and Howitt, The Economics of Growth): "Why have other poor countries not also joined the convergence club? Is this due to poor geographical conditions? Or to the absence of institutions to protect private investments and entrepreneurship? Or to the inability of poor countries to attract credit, diversify risk, or finance infrastructure? Or to insufficient human capital?"

View Major works that discuss development economics Background beliefs Level of emphasis on explanations for differential growth
Population ethics stance Level of statism Moral obligation to help the poor Immigration restrictions stance IQ Geography Governance Education Respect for private property
Jeffrey Sachs The End of Poverty (2005) He believes that poor countries must get aid to push them into development, as these countries are stuck and lack the investment capability for development.[1] Large emphasis[2]
William Easterly The Elusive Quest for Growth (2001), The White Man's Burden
Abhijit Banerjee, Esther Duflo Poor Economics (2011)
Bryan Caplan EconLog, forthcoming book on poverty[3] Natalist,[4] nonchalant about overpopulation,[5] advocates having more kids[6] Anarcho-capitalist Distinguishes between those who deserve to be poor and those who don't, with higher priority to help the latter; in general there is no obligation to help, and it is unjustified to force a stranger to help someone (unless the benefits heavily outweigh the costs, which is difficult to show in an uncertain world)[7][8][9][10][11][12] Advocates open borders[13] IQ realist,[14][15] but unclear how this translates to views on growth? [16][17]
Garett Jones Hive Mind (2015)
Richard Lynn, Tatu Vanhanen IQ and the Wealth of Nations (2002), IQ and Global Inequality (2006)
Dambisa Moyo Dead Aid (2009)
Chris Blattman [18]
Michael Kremer
GiveWell The GiveWell Blog[19] [20]

Meta information

Funding information for this timeline is available.

See also

External links

References

  1. ↑ Template:Cite book
  2. ↑ From Poor Economics: "Jeffrey Sachs, adviser to the United Nations, director of the Earth Institute at Columbia University in New York City, and one such expert, has an answer to all these questions: Poor countries are poor because they are hot, infertile, malaria infested, often landlocked; this makes it hard for them to be productive without an initial large investment to help them deal with these endemic problems. But they cannot pay for the investments precisely because they are poor—they are in what economists call a 'poverty trap.' Until something is done about these problems, neither free markets nor democracy will do very much for them."
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