Ch-08-Growing high-quality factors 发展经济学教材.pptVIP

Ch-7, Growing high-quality factors-- the right national development strategies Re-definition of economic development Difference between development and growth Some propositions: Development includes institution changes – but institution is a factor of growth, since North. Growth is only about material life, development is human revaluation – human development and economic development Development is structural changes – no growth without structural changes; Our proposition Development is change of structure of growth factors, under the “existing dominance” of developed countries and multinationals. Endowment/stock/existence of growth factors Capital, public capitals such as infrastructures; Labor; Human capital, all kinds of expertise; education, social security; RD, innovation capacity Management know-how; marketing capacity; risk control; good corporations/organizations; Institutions, rule of law, legal framework; political decision making; Definition of economic development Structural Change of growth factors/endowments (stock) toward more matured structures, and as the results, moving up the ladders of prosperity or the “structure” of industries and lifting up the level of human well-being, under the superiority and domination of developed countries and multinationals. The Change: the Development the quality structure is changeable (“move up”) over time, only by the efforts of development; But by the definition of “development”, only a “faster” change can lead to “convergence” – it is difficult! Need for rethinking of economics of development with new cases: “Asian little dragons”; Now China, and India… But we should still remember why people got those early “mistaken” theories! II. The process of development 2 aspects of the development: utilizing RAs and growing h-q factors; 4 things to do: Two aspects of development A developing country must utilize the RAs which are the main things available in the early stages; Meanwhile,