First published in 1961, this work is a compendium of essays written by esteemed economist Sir Alexander Cairncross, pertaining to the theme of economic development. A wide cross-section of factors are taken into account in this extensive collection of articles, amongst which are the importance of investment and technical progress; trade; administration and planning; and the role of education.
"Extremely wide-ranging and refreshingly unparochial" – The Observer
"It has the great merit that the difficult, delicate and often highly frustrating impediments to any theory of growth are not assumed out of the way." – The Financial Times
"Cairncross expounds his views on these issues of economic development with a wealth of illustrative material, all of it used with great skill and wisdom." - The Guardian
Part I: The Setting 1. The Poverty of Nations 2. The Economics of 1984 Part II: Investment, Technical Progress and Development 3. The Contribution of Foreign and Domestic Capital to Economic Development 4. The Place of Capital in Economic Progress 5. Investment and Growth 6. The Capital Output Ratio 7. Capital Formation in the Take-Off 8. The Stages of Economic Growth 9. The Investment League 10. Banking in Developing Countries 11. Migration of Technology Part III: Trade 12. Patterns of Trade and Development 13. International Trade and Economic Development 14. World Trade in Manufactures since 1900 15. Organisation for European Economic Co-operation Part IV: Administration and Planning 16. On Being an Economic Advisor 17. The Work of the Economic Development Institute 18. A Visit to Moscow 19. Programmes as Instruments of Co-ordination 20. Economic Schizophrenia