Book contents
- Frontmatter
- Contents
- List of Figures and Tables
- Abbreviations and Measures
- Preface to the Fourth Edition
- PART I PRINCIPLES AND CONCEPTS OF DEVELOPMENT
- PART II POVERTY ALLEVIATION AND INCOME DISTRIBUTION
- PART III FACTORS OF GROWTH
- PART IV THE MACROECONOMICS AND INTERNATIONAL ECONOMICS OF DEVELOPMENT
- PART V DEVELOPMENT STRATEGIES
- Glossary
- Bibliography
- Index
Preface to the Fourth Edition
- Frontmatter
- Contents
- List of Figures and Tables
- Abbreviations and Measures
- Preface to the Fourth Edition
- PART I PRINCIPLES AND CONCEPTS OF DEVELOPMENT
- PART II POVERTY ALLEVIATION AND INCOME DISTRIBUTION
- PART III FACTORS OF GROWTH
- PART IV THE MACROECONOMICS AND INTERNATIONAL ECONOMICS OF DEVELOPMENT
- PART V DEVELOPMENT STRATEGIES
- Glossary
- Bibliography
- Index
Summary
I wrote this text to increase readers' understanding of the economics of the developing world of Asia, Africa, Latin American, and East-Central Europe, where three-fourths of the world's population lives. The book is suitable for students who have taken a course in principles of economics.
The growth in real income per person in the third-world nations of Latin America, Asia, and Africa, about threefold since 1950, is a mixed record. For some economies, the growth warrants optimism, particularly in Taiwan, South Korea, Singapore, Malaysia, Thailand, Indonesia, China, other fast-growing Pacific Rim countries, Brazil, and more recently India. The tragedy, however, is that sub-Saharan Africa, encountering growing misery and degradation from 1965 to 2005, has not shared in these gains. The sub-Sahara is not only vulnerable to external price shocks and debt crises that destabilized the global economy in the late 20th century but also is plagued by increasing food deficits, growing rural poverty, urban congestion, and falling real wages, difficulties that represent an inadequate response to adjustment, reform, and liberalization, often imposed by the International Monetary Fund (IMF) or World Bank as a last resort. The problems of Bangladesh, Nepal, Afghanistan, Myanmar (Burma), Cambodia, and Haiti are as severe as those of Africa.
This edition expands on previous material analyzing China and other countries that were socialist during most of the post–World War II period.
- Type
- Chapter
- Information
- Economic Development , pp. xix - xxivPublisher: Cambridge University PressPrint publication year: 2005