viernes, 10 de julio de 2009

Who's Who in Development Economics: Alice Amsden

I'm starting this series of Who's Who in Development Economics because it's always good to have heard about the important names in the field we're interested in.

Dr. Amsden got her PhD at the London School of Economics and was awarded in 2002 the Leontief Prize, conjointly with Dany Rodrik. She's a specialist on East Asian late-developers and author of the influential book The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies (2003). In it she gave a simple but meaningful definition of economic development by saying that it's "a process of moving from a set of assets based on primary products, exploited by unskilled labor, to a set of assets based on knowledge, exploited by skilled labor" (p. 2).

In that book one can also learn about the outstanding performance of the Brazilian Development Bank, BNDES, as an example that not all government agencies in that country fall under the Neoliberal view of rent-seeking and corruption.

Her latest book was published in 2007 and it's called Escape from Empire: The Developing World's Journey through Heaven and Hell


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