New structural economy in the context of integrated development Cover Image

Nowa ekonomia strukturalna w kontekście rozwoju zintegrowanego
New structural economy in the context of integrated development

Author(s): Michał Gabriel Woźniak
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Rzeszowskiego
Keywords: development economics; integrated development; Polish economy; economic policy; economic convergence; quality of life

Summary/Abstract: The article’s discourse is based on the assumption that GDP is not the goal of development butthe means of its implementation. For this reason, the author postulates the study of the middle incometrap from the point of view of broadly understood development, i.e. the ability of the nationaleconomy to reduce the development gap in terms of the quality of life of citizens in relation to highlydeveloped countries. In this context, the author points to the lack of sufficiently positive consequencesof the modernization of the Polish economy for the quality of life of citizens, convergence interms of labor productivity and technology. The author presents a critical analysis of prescriptionsfor development economics recommended to developing countries also from this perspective. Thereare analyzed comparative advantages as a catching-up tool, recommendations of structural economyand Michał Kalecki’s theory of growth and endogenous theory of growth and consensus of themainstream of economics. A special place, however, is devoted to the recommendations of the NewStructural Economics, which were critically analyzed from the point of view of catching up in theentire integrated development space.

  • Issue Year: 2018
  • Issue No: 54
  • Page Range: 34-52
  • Page Count: 19
  • Language: Polish
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