Abstract
In an intriguing book on the methodology and dynamics of knowledge creation, Firestein (2012) makes the point that the most promising and fruitful approaches in hard sciences are generally not those that try to build on the existing body of truths but rather those that focus on things that are still unknown. As a neuroscientist, he draws on his own experience to advocate tolerance for radically different pursuits, “the pleasures of scientific mystery, and the cultivation of doubt.” He writes: “When I sit down with colleagues over a beer at a meeting, we don’t go over facts. We don’t talk about what’s known. We talk about what we’d like to figure out, about what needs to be done.” The celebration of uncertainty has led him to rehabilitate ignorance, seen as a particular condition of knowledge and the most critical part of the scientific enterprise.
The author wishes to thank Joe Stiglitz, Alan Krueger, and Justin Yifu Lin for comments and for many insightful discussions of the arguments in this paper.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Azam, J.-P. (1994) “Recent Developments in the Developed-Country Literature on Labor Markets and the Implications for Developing Countries”, in S. Horton, R. Kanbur, and D. Mazumdar (eds), Labor Markets in an Era of Adjustment, vol. 1, Issues Papers (Washington, DC: World Bank), pp. 61–103.
Betcherman, G., Dar, A., Luinstra, A., and Ogawa, M. (2001) “Active Labor Market Policies: Issues for East Asia”, in: G. Betcherman and R. Islam (eds), East Asian Labor Markets and the Economic Crisis (Washington, DC: World Bank), pp. 295–344.
Betcherman, G., Olivas, K., and Dar, A. (2004) Impacts of Active Labor Market Programs: New Evidence from Evaluations with Particular Attention to Developing and Transition Countries, Social Protection Discussion Paper Series no. 0402 (Washington, DC: World Bank).
Blanchard, O. and Wolfers, J. (2000) “The Role of Shocks and Institutions in the Rise of European Unemployment”, Economic Journal, vol. 110, pp. 1–33.
Blanchard, O.J. and Diamond, P. (1990) “The Aggregate Matching function”, in P. Diamond (ed.), Growth-Productivity-Unemployment (Cambridge, MA: MIT Press), pp. 159–201.
Calderon, C. and Serven, L. (2010) Infrastructure in Latin America, Policy Research Working Paper no. 5313 (Washington, DC: World Bank).
Calvo, G.A. (1978) “Urban Unemployment and Wage Determination in LDCs: Trade Unions in the Harris—Todaro Model”, International Economic Review, vol. 19, pp. 65–81.
Ceglowski, J. and S. Golub, 2011. Does China Still Have a Labor Cost Advantage?, CESIFO Working Paper no. 3579, September.
Chandra, V., Lin, J.Y., and Wang, Y. (2012) Leading Dragons Phenomenon: New Opportunities for Catch-Up in Low-Income Countries, Policy Research Working Paper no. 6000 (Washington, DC: World Bank).
Cisse, D.A. (1988) Histoire économique de l’Afrique noire, 3 vols (Paris: L’Harmattan).
Deininger, K., Lindsay, J., Norton, A., Selod, H., and Stickler, M. (2011) “Rising Global Interest in Farmland: Can It Yield Sustainable and Equitable Benefits?”, in Agriculture and Rural Development (Washington, DC: World Bank).
Devarajan, S., and de Melo, J. (1991) “Membership in the CFA Zone: Odyssean Journey or Trojan Horse?”, in A. Chibber and S. Fischer (eds), Economic Reform in Sub-Saharan Africa (Washington, DC: World Bank), pp. 25–33.
Dinh, H., et al. (2011) Light Manufacturing in Africa, vol. 2 (Washington, DC: World Bank).
Dornbusch, R., Fischer, S., and Samuelson, P.A. (1977) “Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods”, American Economic Review, vol. 65, no. 5, pp. 823–839.
Economist (2012) “Petrodollar profusion”, April 28.
Economist (2011) “Moving Back to America”, May 14–20, pp. 79–80.
Edwards, L. and Golub, S.S. (2004) “South Africa’s International Cost Competitiveness and Exports in Manufacturing”, World Development, vol. 32, no. 8, pp. 1323–1339.
Ela, J.-M. (1990) Quand l’Etat pénètre en brousse: les ripostes paysannes à la crise (Paris: Karthala).
Ela, J.-M. (1980) Le cri de l’homme africain (Paris: L’Harmattan).
Firestein, S. (2012) Ignorance: How it Drives Science (New York: Oxford University Press).
Fox, L. and Gaal, M.S. (2008) Working out of Poverty: Job Creation and the Quality of Growth in Africa (Washington, DC: World Bank).
Fox, L. and Sohnesen, T.P. (2012) “Household Enterprise in Sub-Saharan Africa: Why They Matter for Growth, Jobs, and Livelihoods”, mimeo (Washington, DC: World Bank).
Harris, J.R. and Todaro, M. (1970) “Migration, Unemployment, and Development: A Two-sector Analysis”, American Economic Review, vol. 40, pp. 126–142.
Hausmann, R., and Hidalgo, C. (2012) “Economic Complexity and the Future of Manufacturing”, in World Economic Forum, The Future of Manufacturing: Opportunities to Drive Economic Growth (Cologny/Geneva: WEF), p. 13.
Hausmann, R., Hidalgo, C., et al. (2011) Atlas of Economic Complexity: Mapping Paths to Prosperity (Cambridge, MA.: Harvard Center for International Development).
Hausmann,, R., Rodrik, D., and Velasco, A. (2008) “Growth Diagnostics”, in N. Serra and J.E. Stiglitz (eds), The Washington Consensus Reconsidered: Towards a New Global Governance (New York: Oxford University Press), pp. 324–354.
Iliffe, J., (1983) The Emergence of African Capitalism (New York: Palgrave).
Karnassou, M., H. Sala, and D. J. Snower, 2002. Unemployment in the European Union: A Dynamic Reappraisal, Discussion Paper no. 531 (Bonn, Germany: IZA). Available online at www.iza.org.
Kennedy, P. (1988) African Capitalism: The Struggle for Ascendency (Cambridge: Cambridge University Press).
Krueger, A.B. (2011) Presentation at World Bank Seminar for Executive Directors (Washington, DC: World Bank).
Layard, R., Nickell, S., and Jackman, R. (1991) Unemployment: Macroeconomic Performance and the Labour Market (Oxford: Oxford University Press).
Lin, J.Y. (2012 a) New Structural Economics: A Framework for Rethinking Development and Policy (Washington, DC: World Bank).
Lin, J.Y. (2012b) The Quest for Prosperity: How Developing Economies Can Take Off (Princeton, NJ: Princeton University Press).
Lin, J.Y. (2011) From Flying Geese to Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries, Policy Research Working Paper no. 5702 (Washington, DC: World Bank).
Lin, J.Y. and Monga, C. (2011) “Growth Identification and Facilitation: The Role of the State in the Dynamics of Structural Change”, Development Policy Review, vol. 29, no. 3, pp. 259–310.
Lindauer, D.L. and Velenchik, A.D. (1994) “Can African Labor Compete?”, in D.L. Lindauer and M. Roemer (eds), Asia and Africa: Legacies and Opportunities in Development (San Francisco: Institute for Contemporary Studies), pp. 269–304.
Lindbeck, A. and Snower, D.J. (1985) “Explanations to Unemployment”, Oxford Review of Economic Policy, vol. 1, no. 2, pp. 34–69.
Monga, C. (1997) “A Currency Reform Index for Western and Central Africa”, The World Economy, vol. 20, no. 1, January, pp. 103–125.
Monga, C. (2011) “Post-Macroeconomics: Lessons from the Crisis and Strategic Directions Ahead”, Journal of International Commerce, Economics and Policy, vol. 2, no. 2, pp. 1–28.
Monga, C. (2012a) “Shifting Gears: Igniting Structural Transformation in Africa”, Journal of African Economies, vol. 21 (Supplement 2), pp. ii19–ii54.
Monga, C. (2012b) “The Hegelian Dialectics of Global Imbalances”, Journal of Philosophical Economics, vol. 6, no. 1, pp. 1–52.
Page, J. (2012) “Can Africa Industrialise?”, Journal of African Economies, vol. 21 (Supplement 2), pp. ii86-ii124.
Perkins, D.H. and Roemer, M. (1994) “Differing Endowments and Historical Legacies”, in D.L. Lindauer and M. Roemer (eds), Asia and Africa: Legacies and Opportunities in Development (Cambridge and San Francisco: HIID and Institute for Contemporary Studies), pp. 25–58.
Roemer, M. (1994) “Industrial Strategies: Outward Bound”, in D.L. Lindauer and M. Roemer (eds), Asia and Africa: Legacies and Opportunities in Development (Cambridge and San Francisco: HIID and Institute for Contemporary Studies), pp. 233–268.
Spence, M. (2011) “The Impact of Globalization on Income and Employment: The downside of Integrating Markets”, Foreign Affairs, July–August, pp. 28–41.
Stiglitz, J.E. (1974) “Alternative Theories of Wage Determination and Unemployment in LDCs: The Labor-Turnover Model”, Quarterly Journal of Economics, vol. 88, pp. 194–227.
Taylor, L. (1983) Structuralist Macroeconomics: Applicable Models for the Third World (New York: Basic Books).
Taylor, S.D. (2012) Globalization and the Cultures of Business in Africa: From Patrimonialism to Profit. (Bloomington, IN: Indiana University Press).
UNIDO (2009) Industrial Development Report 2009-Breaking In and Moving Up: New Industrial Challenges for the Bottom Billion and the Middle-Income Countries (New York: UNIDO).
World Bank (2012) World Development Report 2013: Jobs (Washington, DC: World Bank).
World Bank (2008) World Development Report 2009: Reshaping Economic Geography (Washington, DC: World Bank).
World Economic Forum (2012) The Future of Manufacturing: Opportunities to Drive Economic Growth (Cologny/Geneva: WEF).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2013 International Economic Association
About this chapter
Cite this chapter
Monga, C. (2013). Winning the Jackpot: Jobs Dividends in a Multipolar World. In: Stiglitz, J.E., Yifu, J.L., Patel, E. (eds) The Industrial Policy Revolution II. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137335234_6
Download citation
DOI: https://doi.org/10.1057/9781137335234_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-37450-9
Online ISBN: 978-1-137-33523-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)