Charged with analysing and criticising the way economies develop and grow, development economists play a vital role in attempting to reduce inequality across the world. The fourth edition of this classic textbook introduces students to this vital field.
All of the popular aspects of earlier editions are retained with new additions such as the introduction of endogenous growth theory. The book also includes the very latest World Bank development data.
With vastly improved and updated pedagogical features such as new topical case studies and questions for discussion, Subrata Ghatak introduces what can be a difficult topic with a welcome clarity.
1. Introduction Section 1: The Economic Theory of Growth and Development 2. Growth Theories and their Relevance to LDC's 3. Dual Economy Models Section 2: Investment, Saving and Population in LDC's 4. Allocation of Resources: Investment Criteria 5. Domestic Resources for Development 6. Foreign Resources and Economic Development 7. Industrialisation, Protection and Trade Section 3: Sectoral Development and Planning 8. Sectoral Allocation of Resources: Agriculture 9. Green Revolution and Income Distribution 10. Policies Population, Poverty and Income Distribution, Employment and Migration (with Leo Katzen) 11. Development Planning Section 4: A New Deal in Commodity Trade 12. Structural Adjustment and Economic Growth 13. The New International Economic Order 14. The International Debt Crisis 15. Development and Environment