This book is a study of Third World economic development and the factors which have made development so elusive. It discusses the policy reform necessary to spur development as well as the relationship between development theory and policy. The author argues that the key to successful development policy is through reduced state intervention, and that to the extent state intervention is necessary, it should be through rather than against the market mechanism.
Table of Contents
1. Development Theory and Third World Development Policy 2. Tax Policy and Savings Mobilization 3. Foreign Aid and Foreign Debt 4. Urbanization and the Urban Bias 5. The Growth and Impact of the Subterranean Sector 6. Bureaucratic Corruption and the Administrative Reform Imperative 7. Can the Third World Develop? An Optimistic Viewpoint 8. Policy Reform and Governance: Concluding Comments