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This book reflects on current thinking in development economics and on what may happen over the next two decades. As well as studying development economics in retrospect, the volume explores the current debates and challenges and looks forward at the problems that affect the global capacity to achieve the Millennium Development Goals.
This book is a compilation of selected papers presented at the ISI (Indian Statistical Institute) Platinum Jubilee Conference on Comparative Development held at the ISI, Delhi, India. The papers cover new and well-established topics in development economics. Some of these include political economy, role of public outrage in delivering justice and the political economy of general strikes, economics of happiness, economics of labour, agricultural economics, macroeconomics and public finance. These topics are analyzed from the perspective of developing countries. The book will be of interest to both researchers and graduate students in development economics.
This book covers diverse themes, including institutions and efficiency, choice and values, law and economics, development and policy, and social and economic measurement. Written in honour of the distinguished economist Satish K. Jain, this compilation of essays should appeal not only to students and researchers of economic theory but also to those interested in the design and evaluation of institutions and policy.
This book is a compilation of selected papers presented at the ISI (Indian Statistical Institute) Platinum Jubilee Conference on Comparative Development held at the ISI, Delhi, India. The papers cover new and well-established topics in development economics. Some of these include political economy, role of public outrage in delivering justice and the political economy of general strikes, economics of happiness, economics of labour, agricultural economics, macroeconomics and public finance. These topics are analyzed from the perspective of developing countries. The book will be of interest to both researchers and graduate students in development economics.
'This volume not only offers an invaluable retrospective of the World Bank's best thinking on development but also has the analytical caliber and policy insights to become an indispensable source for those dealing with the present and future growth and equity challenges faced by the developing countries.' -- Ernesto Zedillo
In this book Ian Goldin shows how the understanding of how nations escape poverty and achieve economic and social progress has changed as the pendulum has swung from arguments for state-led development to a preoccupation with market forces.
The study of development in low-income countries is attracting more attention around the world than ever before. Yet until now there has been no comprehensive text that incorporates the huge strides made in the subject over the past decade. Development Economics does precisely that in a clear, rigorous, and elegant fashion. Debraj Ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future research. He covers such vital subjects as theories of economic growth, economic inequality, poverty and undernutrition, population growth, trade policy, and the markets for land, labor, and credit. A common point of view underlies the treatment of these subjects: that much of the development process can be understood by studying factors that impede the efficient and equitable functioning of markets. Diverse topics such as the new growth theory, moral hazard in land contracts, information-based theories of credit markets, and the macroeconomic implications of economic inequality come under this common methodological umbrella. The book takes the position that there is no single cause for economic progress, but that a combination of factors--among them the improvement of physical and human capital, the reduction of inequality, and institutions that enable the background flow of information essential to market performance--consistently favor development. Ray supports his arguments throughout with examples from around the world. The book assumes a knowledge of only introductory economics and explains sophisticated concepts in simple, direct language, keeping the use of mathematics to a minimum. Development Economics will be the definitive textbook in this subject for years to come. It will prove useful to researchers by showing intriguing connections among a wide variety of subjects that are rarely discussed together in the same book. And it will be an important resource for policy-makers, who increasingly find themselves dealing with complex issues of growth, inequality, poverty, and social welfare.
Written to provide students with the critical tools used in today’s development economics research and practice, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. Each chapter concludes with an embedded QR code that connects readers to ancillary audiovisual materials and supplemental readings on a website curated by the authors. By mastering the material in this book, students will have the conceptual grounding needed to move on to higher-level development economics courses.
First published in 1998, this collection of essays deals with four different areas of international economics: the theory of international trade, trade and development, protectionism and factor movements (notably migration and foreign aid). These themes explore the determinants of trade patterns, the relation between these patterns and those of underdevelopment and development, the failure of protectionism to increase welfare and, finally, the impact of emigration on the source country and that of foreign aid on the recipient country.
Gerard Roland's new text, Development Economics, is the first undergraduate text to recognize the role of institutions in understanding development and growth. Through a series of chapters devoted to specific sets of institutions, Roland examines the effects of institutions on growth, property rights, market development, and the delivery of public goods and services and focuses. With the most comprehensive and up to date treatment of institutions on development, Roland explores the important questions of why some countries develop faster than others and why some fail while others are successful.