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This is interesting topic guys. I can't help but drop this amazing contrast between GHB and contemporary economists by Zinabu 2018. Indeed, GHB was a briliant man ahead of his time
GHB put emphasis on the importance of peace and stability for development. While discussing the destructive conflict cycles in the history of Ethiopia, he emphasizes that ‘war and conflict are possibly the biggest obstacles for development, and that poverty and inequality maintain a vicious cycle of underdevelopment. Recently, this nexus between poverty and conflict has been publicized, among others, by Collier (2007), who argues that civil war is much more likely to break out in low-ncome countries: halve the starting income of the country and you double the risk of civil war’ . However, in contrast to Collier (2007), who goes on to recommend fostering of competition to break this vicious cycle of conflict and poverty, GHB recommends changing the structure of the economy through industrialization because, according to him, synergistic development of increasing returns activities in an agglomerated manner with extensive division of labor and specialization leads to increased social harmony, more trust, less conflict and more cooperative behavior. This is similar to the views put forward recently by Reinert et al. (2011), who argue that absence of an increasing returns sectors in an economy creates zero-sum game societies of static rent-seeking, which makes such nations prime candidates for developing into failing, failed and fragile (FFF) states. Thus, the root causes of poverty and underdevelopment lie in a certain type of economic structure which fails to produce the virtuous circles of economic growth that requires increasing returns and sufficient diversity and diffusion of economic activities in order to become self-sustainable.
"Reason has always existed but not always in a reasonable form." KM
This is interesting topic guys. I can't help but drop this amazing contrast between GHB and contemporary economists by Zinabu 2018. Indeed, GHB was a briliant man ahead of his time
GHB put emphasis on the importance of peace and stability for development. While discussing the destructive conflict cycles in the history of Ethiopia, he emphasizes that ‘war and conflict are possibly the biggest obstacles for development, and that poverty and inequality maintain a vicious cycle of underdevelopment. Recently, this nexus between poverty and conflict has been publicized, among others, by Collier (2007), who argues that civil war is much more likely to break out in low-ncome countries: halve the starting income of the country and you double the risk of civil war’ . However, in contrast to Collier (2007), who goes on to recommend fostering of competition to break this vicious cycle of conflict and poverty, GHB recommends changing the structure of the economy through industrialization because, according to him, synergistic development of increasing returns activities in an agglomerated manner with extensive division of labor and specialization leads to increased social harmony, more trust, less conflict and more cooperative behavior. This is similar to the views put forward recently by Reinert et al. (2011), who argue that absence of an increasing returns sectors in an economy creates zero-sum game societies of static rent-seeking, which makes such nations prime candidates for developing into failing, failed and fragile (FFF) states. Thus, the root causes of poverty and underdevelopment lie in a certain type of economic structure which fails to produce the virtuous circles of economic growth that requires increasing returns and sufficient diversity and diffusion of economic activities in order to become self-sustainable.
This is interesting topic guys. I can't help but drop this amazing contrast between GHB and contemporary economists by Zinabu 2018. Indeed, GHB was a briliant man ahead of his time
GHB put emphasis on the importance of peace and stability for development. While discussing the destructive conflict cycles in the history of Ethiopia, he emphasizes that ‘war and conflict are possibly the biggest obstacles for development, and that poverty and inequality maintain a vicious cycle of underdevelopment. Recently, this nexus between poverty and conflict has been publicized, among others, by Collier (2007), who argues that civil war is much more likely to break out in low-ncome countries: halve the starting income of the country and you double the risk of civil war’ . However, in contrast to Collier (2007), who goes on to recommend fostering of competition to break this vicious cycle of conflict and poverty, GHB recommends changing the structure of the economy through industrialization because, according to him, synergistic development of increasing returns activities in an agglomerated manner with extensive division of labor and specialization leads to increased social harmony, more trust, less conflict and more cooperative behavior. This is similar to the views put forward recently by Reinert et al. (2011), who argue that absence of an increasing returns sectors in an economy creates zero-sum game societies of static rent-seeking, which makes such nations prime candidates for developing into failing, failed and fragile (FFF) states. Thus, the root causes of poverty and underdevelopment lie in a certain type of economic structure which fails to produce the virtuous circles of economic growth that requires increasing returns and sufficient diversity and diffusion of economic activities in order to become self-sustainable.
"Reason has always existed but not always in a reasonable form." KM
ጎሽ እንዲህ ቤቱን ሞቅ ሞቅ አድርጉት እንጂ፣ ወዳጅ ምናምን እየጋበዛችሁ 
