The Global Development Crisis

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John Wiley & Sons, Feb 7, 2014 - Business & Economics - 224 pages
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The central paradox of the contemporary world is the simultaneouspresence of wealth on an unprecedented scale, and mass poverty.Liberal theory explains the relationship between capitalism andpoverty as one based around the dichotomy of inclusion (intocapitalism) vs exclusion (from capitalism). Within this discourse,the global capitalist system is portrayed as a sphere of economicdynamism and as a source of developmental opportunities for lessdeveloped countries and their populations. Development policyshould, therefore, seek to integrate the poor into the globalcapitalist system.

The Global Development Crisis challenges this way ofthinking. Through an interrogation of some of the most importantpolitical economists of the last two centuries Friedrich List, KarlMarx, Leon Trotsky, Joseph Schumpeter, Alexander Gerschenkron, KarlPolanyi and Amarta Sen, Selwyn argues that class relations are thecentral cause of poverty and inequality, within and betweencountries. In contrast to much development thinking, which portrays‘the poor’ as reliant upon benign assistance, this bookadvocates the concept of labour-centred development. Here‘the poor’ are the global labouring classes, and theirown collective actions and struggles constitute the basis of analternative form of non-elitist, bottom-up human development.

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Figures and Tables
FriedrichList and theFoundations of Statist Political
From Marx to Schumpeter and Back
Development Within orAgainst Capitalism? A Critique of Amartya Sens Developmentas Freedom
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About the author (2014)

Ben Selwyn is Senior Lecturer in International Relations atthe University of Sussex. and author of Workers, State andDevelopment in Brazil: Powers of Labour, Chains of Value (2012)

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