Some nations develop to become rich, while others stagnate and remain poor. There is a great deal of controversy about why, but libertarianism is not the solution (though it is often claimed to be.) Inevitably, success has government planning involved.
- Mercantilism And Industrial Policy Works (16 links)
- Merchantilism, protectionism and industrial policy (AKA dirigisme) have a long history of being effective in the US, Great Britain, postwar France, etc. with free trade being adopted only after dominance is achieved. These policies are responsible for the huge reductions in poverty in India, China, Korea, and the rest of eastern Asia. Government support of export industry is key.
- Globalization, Free Trade and Economic Freedom (37 links)
- Code for "let business run the world and the heck with the populace." The anti-liberal dominance of plutocratic property and business over popular sovereignty. Historically, we could extend these concepts to include buying, owning, and selling slaves. The arguments made then were the same. Used by propagandists to trump other freedoms. Also known as economic liberty. These also result in large-scale redistribution, which capitalists prefer you not notice.
- Development as Freedom (book, online)
- A Nobel prize-winning economist explains elimination of "capability deprivation" in five categories as being crucial to freedom. Shows libertarian ideas of economic freedom to be dreadfully incomplete for liberty or freedom.
- It’s time for the Green Human Development Index [More...]
- "In 1990, the Pakistani economist Mahbub ul Haq had the visionary idea that in order to dethrone GDP per capita and economic growth as the yardstick for governmental policies, an alternative index was needed. He asked Amartya Sen to help him construct such an index. The rest is history. The HDI became a powerful alternative to GDP per capita. "
- Mismeasuring Our Lives: Why GDP Doesn't Add Up (book, online)
- Taxes And Growth (18 links)
- Low taxes do not produce more growth, though democracy does. Successful reduction of poverty by tax-funded programs does not reduce growth either.
- The Mystery of Economic Growth (book, online)
- The Open Secret of Development Economics [More...]
- "Government intervention has proved most effective when it has mirrored that of other East Asian economies: helping with the accumulation of production capacity and providing coordination when needed." Starting with a high national savings rate.
- The Promise and Peril of South African Land Reform [More...]
- "These promises and pitfalls can be seen by examining the experience of neighboring Zimbabwe. In the 1990s and 2000s, Zimbabwe expropriated its remaining white-owned farmland without compensation, handing it over to black farmers. This resulted in improved agricultural yields, rising incomes for farmers and reduced rural poverty."
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