The Global Development Crisis
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
accessed Amartya Sen analysis andthe argues argument attempts backward countries bythe capital accumulation capital–labour relations capitalist capitalist development catchup development chapter class relations class struggles combined development commodification commodity chains competition conception of development conceptionof contemporary creative destruction critique Democracy development studies developmental discussed dynamics economists emerging example expansion exploitation famine firms forms freedom Friedrich List fromthe Gerschenkron global south human development income industrial institutional innovations intellectual International Socialism Journal inthe Karl Polanyi labour power labour process labourcentred late development liberal List’s London marginalist Marx’s Marxism monoeconomics neoclassical neoliberal oflabour ofthe onthe organization Polanyi political economy politicaleconomy population potentially poverty primitive accumulation production represents reproduce residualist revolution Russia Schumpeter Schumpeter’s sectors selfregulating Sen’s social classes socialist society sphere strategies surplus value technological theglobal theory TNCs tothe trade transformation Trotsky Trotsky’s understanding uneven University Press wage wage labour wealth workers workplace world system