A Political Economy of Lebanon, 1948-2002: The Limits of Laissez-faireBRILL, 1 thg 12, 2003 - 291 trang This book is about the laissez-faire strategy for economic development, a strategy inspired by neoclassical/mainstream economics, advocated by the “Washington Consensus”, and implemented by the Bretton Woods institutions. Mainstream economics has taken legitimacy from the historical failure of command economies. But this view has not been balanced by an examination of the performance of laissez-faire economies, the closest to the pure market model. Lebanon provides a unique test case in this regard. The book assesses Lebanon’s development during 1948-2002, including its industrial and financial performance. The dynamics of the laissez-faire system is separately studied from a Post-Keynesian perspective, highlighting institutional behavior. It is found that laissez-faire is not a sufficient condition for economic development, and can even be counterproductive. |
Nội dung
Introduction | 1 |
THE MARKET AND ECONOMIC DEVELOPMENT | 5 |
A HISTORICAL PERSPECTIVE | 42 |
CHAPTER THREE GROWTH WITHOUT DEVELOPMENT | 67 |
CHAPTER FOUR LAISSEZFAIRE AGAINST INDUSTRY | 100 |
CHAPTER FIVE THE REPRODUCTION OF LAISSEZFAIRE | 141 |
CHAPTER SIX FROM CRISIS TO RECONSTRUCTION | 187 |
CHAPTER SEVEN CONCLUDING REMARKS AND POLICY RECOMMENDATIONS | 222 |
Statistical Appendices | 233 |
Bibliography | 277 |
| 289 | |
Author Index | 292 |
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A Political Economy of Lebanon, 1948-2002: The Limits of Laissez-faire Toufic K. Gaspard Không có bản xem trước - 2004 |
Thuật ngữ và cụm từ thông dụng
adjusted agriculture analysis annual Arab average Badre balance of payments Banque du Liban behavior Beirut billion capital capitalist competition consumption deficit demand deposits depreciation distribution dominant dynamic economic activity economic development efficiency emigration enterprises establishments estimates exchange rate expenditure exports favorable foreign foreign exchange market Gini coefficients growth and development important increase independent indicators infrastructure institutions investment IRFED Keynesian labor productivity laissez-faire LDCs Lebanese economy Lebanese Pound Lebanon less manufacturing market failures ment merchandise Middle East Moreover Mount Lebanon national accounts national income NC theory nomic operating output overall particularly percent of GDP performance period political population Post-Keynesianism private sector rate of profit ratio region relatively République Libanaise share significantly skills social Sources strategy strong structural change surplus survey sustained Syria Table tion total employment trade value added various issues waged employment workers World Bank WWII