Economic Development and Income Distribution in Small Open Economies

Economic Development in general has always been associated with the traditional theories of economic thought, which, between 1870 and 1930, and from 1970 until today have dominated scientific thought. With rare exceptions in particular countries, the analysis of economic development has not been separate from these roots. Even taking into account certain exceptions, such as, for example, the Latin American structuralist school, some years during Keynesianism, Dependency theory, none has been able to develop a theory consistent enough to carry out the messianic theory of opposing the principles of factorial substitution that prevail in traditional analysis.

Even after certain very critical works in open economies like Mainwaring (1974, 1986), Steedman (1979a; 1979b), Metcalfe & Steedman (1979); the analysis of this type of economic analysis was losing weight in the theoretical analyses, leaving an empty space in the construction of an alternative theory. It is for this reason that the workshop attempts to relaunch, or accompany the relaunch of a research project on open economies that can be observed in recent works such as Senga, Fujimoto, & Tabuchi (2017); Ruffin (2002); Maneschi (2004); and Bhering (2017), and another strand has tried to link it with some Latin American Structuralist Thought, i.e., Crespo & Lazzarini (2015), Dvoskin & Feldman (2015, 2018a, 2018b), Dvoskin, Feldman & Ianni (2018), among others.

Within the project "Towards a theory of Economic Development", the groups of Complexity, Economic Development, Latin America, Political Economy of Europe and States and Markets are very happy to organize this first workshop in small and open economies that will be held at Rome Tre University between December 2 and 5, 2019.

The Workshop will be divided into several blocks among which the following topics will be dealt with:

• Prices and distribution in the open economy (price-maker open economy, small open economy with and without rent)
• Exogenous profit rates and the monetary theory of distribution in open economies
• Absolute and Comparative Advantages
• Purchasing Power Parity vs. Law of One Price
• Traditional Latin American Structuralist view, technological and financial dependencies
• Exchange rate policy, output growth and the pattern of specialization of peripheral economies
• Unequal Exchange and terms of trade

There will also be a special session devoted to the reality of Europe and the euro area.

Targeted young scholars:
PhD and master students that are writing their masters or PhD. thesis on topics that could benefit from the approaches that will be discussed in the workshop. No accommodation will be provided. We will provide only partial or full travel stipends to selected young scholars.

Diversity (in terms of gender, nationalities, affiliations, ideas) will be specifically taken into account as a criteria for the selection process.
The workshop will be open to every young scholar aiming to attend, even if they do not present their work.

How to apply:
Deadline September 30th

Young scholars will be invited to present a brief version of their papers. To do so, they will apply by sending a 2000 words extended abstract or research project describing their topic and research interests and questions (it could be a paper or chapter thesis, but we will also consider projects at an earlier stage, such as research questions or proposals) and why (and how) they think this workshop could help them with that research. Selected young scholars will have 30 minutes to present their projects and receive personal feedback. There will be also partial or full travel stipends for students not selected to present (within Europe and outside the region).

Apply here: https://docs.google.com/forms/d/e/1FAIpQLScsTlT6gUNkuK1jkG8BPtlLU31m7YkBbJD4Ocwc-UiWDvOtmg/viewform?vc=0&c=0&w=1