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Bringing Production Back into Development: An introduction.
Ha-Joon Chang1, Antonio Andreoni2,3
1Faculty of Economics and Centre of Development Studies, University of Cambridge, Cambridge, UK.
The European Journal of Development Research
|March 8, 2021
Summary
Economic development research has sidelined production, weakening policy and academia. A renewed focus on production is crucial for addressing developing countries
Area of Science:
- Economics
- Economic Development
- Development Studies
Background:
- Classical economics centered on production, but Neoclassical economics shifted focus away from it.
- Alternative economic streams (Evolutionary, Structuralist, Keynesian) and humanist approaches (Human Capability Approach) have also neglected production's role.
- This fragmentation has diminished the impact of academic research and policy-making in economic development.
Purpose of the Study:
- To argue for the reintegration of production as a central theme in economic development.
- To highlight how the neglect of production has weakened economic research and policy.
- To introduce and discuss articles focused on 'Bringing Production Back into Development'.
Main Methods:
- Review and synthesis of eight articles centered on the theme of 'Bringing Production Back into Development'.
- Critical analysis of the historical marginalization of production in economic thought.
- Argumentative approach to advocate for a renewed 'productionist' agenda.
Main Results:
- The fragmentation of the production-centered paradigm has weakened economic development research and policy.
- A renewed focus on production is essential for addressing structural challenges in developing countries.
- The COVID-19 pandemic exposed underlying structural weaknesses, further emphasizing the need for a productionist approach.
Conclusions:
- Re-centering production in economic discourse is vital for effective economic development strategies.
- A 'productionist' agenda can help developing nations overcome structural challenges.
- The integration of production is necessary for robust academic research and impactful policy-making.

