Capital Fundamentalism, Economic Development, and Economic Growth

Capital Fundamentalism, Economic Development, and Economic Growth

Author: Robert Graham King

Publisher: World Bank Publications

Published: 1994

Total Pages: 53

ISBN-13:

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Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.


Capital Accumulation and Economic Growth

Capital Accumulation and Economic Growth

Author: Shahid Yusuf

Publisher:

Published: 1985

Total Pages: 74

ISBN-13:

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The purpose of this paper is to reaffirm certain notions that have provided the foundations of development economics, but which now are coming increasingly under attack: that growth in such pacesetters as the Republic of Korea, Japan and Brazil has principally arisen from capital accumulation; and that investment during the important initial phase of their industrialization was often only distantly related to market forces. The discussion is opened with a brief description of the turmoil sweeping economics and specifically, development economics. Drawing upon this, the paper discusses models derived from the neoclassical paradigm, and compares and contrasts this paradigm of development with the experience of Latin American countries and Japan. In this context, the paper moves to two more eclectic models which are very much in the spirit of development economics. One is the so-called bureaucratic authoritarian model, and the other, a model of Japanese development. In the final section, the study narrows our focus to Korea and show how these models can illuminate Korea's investment policies during the sixties and the seventies. The paper concludes that a simple neoclassical paradigm is not sufficient to explain Korea's successful economic development.


Capital, Accumulation, and Money

Capital, Accumulation, and Money

Author: L.D. Taylor

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 271

ISBN-13: 1475747098

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Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.


Capital Formation and Economic Development

Capital Formation and Economic Development

Author: P. N. Rosenstein-Rodan

Publisher: Routledge

Published: 2013-01-11

Total Pages: 165

ISBN-13: 1136877045

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First published in 1964, this series of studies, compiled by the India team of Centre of International Studies at MIT, represents an important contribution to methods in planning for development, which will be of relevance to all those working in the field, irrespective of country. The results are demonstrated on examples taken from the Third Five-Year Plan and from some of the papers which underlay it.


The Science of Economic Development and Growth: The Theory of Factor Proportions

The Science of Economic Development and Growth: The Theory of Factor Proportions

Author: C.C. Onyemelukwe

Publisher: Routledge

Published: 2016-07-08

Total Pages: 690

ISBN-13: 1315500116

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A theoretical framework aiming to facilitate study of development economics. The author presents his theory in three sections: how advanced nations developed; a proposed third dimension, in addition to labour and capital; and why capital accumulation is unnecessary, even potentially harmful.


Public Sector Activity in Capital Accumulation and Synthesis of Capital Fractions

Public Sector Activity in Capital Accumulation and Synthesis of Capital Fractions

Author: Kargi, Bilal

Publisher: IGI Global

Published: 2024-08-06

Total Pages: 301

ISBN-13:

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The role of public sector activity in capital accumulation and fraction synthesis assists with economic development, public policy, and sustainable growth. By strategically investing in areas like infrastructure, education, healthcare, and public transit, governments aim to facilitate human capital and increase business profits. As more governments and companies aim for improved economic activity, improved research is required to explore the pivotal role of cohesive frameworks for capital accumulation, while understanding the various fractions of capital. Public Sector Activity in Capital Accumulation and Synthesis of Capital Fractions explores the complexities surrounding privatization, offering a critical and historically informed perspective that challenges the limited view presented by mainstream economics. This book covers topics such as accumulation theories, capitalism, and public property, and is a useful resource for economists, academicians, researchers, scientists, business owners, and historians.