19 October 2015
IKD is delighted to announce that Visiting Professor Smita Srinivas has been awarded the 2015 Myrdal Prize for her book Market Menagerie: Health and Development in Late Industrial States (Stanford University Press).
Market Menagerie examines technological advance and market regulation in the health industries of nations including India, Brazil, South Africa, Nigeria and Japan. Although it’s often presumed that economic development automatically leads to better medical care and health, Professor Srinivas describes why this is not always the case and analyses what’s needed for improvement. In particular, she advocates the importance of integrating economic and social goals, moving beyond traditional market failure to bring together three uncommonly paired themes: the growth of industrial capabilities, the politics of health access, and the geography of production and redistribution.
The Myrdal Prize is sponsored by the European Association for Evolutionary Political Economy (EAEPE). It’s awarded biennially for the best published monograph on a theme in accord with the EAEPE theoretical perspectives, which recognise the centrality of participatory democratic processes to the identification of needs.
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