
Contents
-
-
-
-
-
-
-
-
-
Paradoxes of Agriculture and Industrial Development Paradoxes of Agriculture and Industrial Development
-
Avoiding the Trap of Romanticizing Rural Poverty Avoiding the Trap of Romanticizing Rural Poverty
-
Understanding the Dynamics of Global Growth and Its Potential Dividends Understanding the Dynamics of Global Growth and Its Potential Dividends
-
Inclusive and Sustained Growth Requires Structural Change Inclusive and Sustained Growth Requires Structural Change
-
Structural Change Occurs Mainly through Industrialization Structural Change Occurs Mainly through Industrialization
-
Calibrating the Pace of the Takeoff: The Benefits of Delayed Gratification Calibrating the Pace of the Takeoff: The Benefits of Delayed Gratification
-
Appendix 5.1: The Analytics of Interdependence in the Global Economy Appendix 5.1: The Analytics of Interdependence in the Global Economy
-
-
-
-
-
-
5 Ambitious Pragmatism: First-Order Economic Principles
Get access-
Published:August 2019
Cite
Abstract
This chapter draws on lessons from history to argue that policy disappointments such as Ghana's mainly reflect failure not of politics but of economic thinking and policy making. There are now enough both failed and successful experiments in economic development for researchers and policy makers to draw on. It highlights the possibilities for poor countries to transform into middle-and even high-income economies and stresses the benefits of such transformations for the world economy as a whole. The chapter starts with a discussion of the role of agricultural development in developing countries today, stressing both its potential contribution in the short term and its limitations in the medium and long term. It then details some first-order economic principles for success, pointing to the need for structural change, which occurs only through industrialization. For the process to be successful, economic policy should aim at “ambitious pragmatism,” which requires calibrating the pace of economic take-off with the existing economic structure and country development level.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
September 2023 | 2 |
August 2024 | 1 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.