Equality, the Third World, and Economic Delusion

Equality, the Third World, and Economic Delusion
Author :
Publisher : Harvard University Press
Total Pages : 310
Release :
ISBN-10 : 0674259866
ISBN-13 : 9780674259867
Rating : 4/5 (66 Downloads)

Synopsis Equality, the Third World, and Economic Delusion by : Péter Tamás Bauer

Even in impoverished countries lacking material and human resources, P. T. Bauer argues, economic growth is possible under the right conditions. These include a certain amount of thrift and enterprise among the people, social mores and traditions which sustain them, and a firm but limited government which permits market forces to work. Challenging many views about development that are widely held, Bauer takes on squarely the notion that egalitarianism is an appropriate goal. He goes on to argue that the population explosion of less-developed countries has on the whole been a voluntary phenomenon and that each new generation has lived better than its forebears. He also critically examines the notion that the policies and practices of Western nations have been responsible for third world poverty. In a major chapter, he reviews the rationalizations for foreign aid and finds them weak; while in another he shows that powerful political clienteles have developed in the Western nations supporting the foreign aid process and probably benefiting more from it than the alleged recipients. Another chapter explores the link between the issue of Special Drawing Rights by the International Monetary Fund on the one hand and the aid process on the other. Throughout the book, Bauer carefully examines the evidence and the light it throws on the propositions of development. Although the results of his analysis contradict the conventional wisdom of development economics, anyone who is seriously concerned with the subject must take them into account.

Turnaround

Turnaround
Author :
Publisher : Basic Books
Total Pages : 242
Release :
ISBN-10 : 9780465031917
ISBN-13 : 0465031919
Rating : 4/5 (17 Downloads)

Synopsis Turnaround by : Peter Blair Henry

Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations, battered by crises, depend more than ever on sustained growth in emerging markets. In Turnaround, economist Peter Blair Henry argues that the secret to emerging countries' success (and ours) is discipline -- sustained commitment to a pragmatic growth strategy. With the global economy teetering on the brink, the stakes are higher than ever. And because stakes are so high for all nations, we need less polarization and more focus on facts to answer the fundamental question: which policy reforms, implemented under what circumstances, actually increase economic efficiency? Pushing past the tired debates, Henry shows that the stock market's forecasts of policy impact provide an important complement to traditional measures. Through examples ranging from the drastic income disparity between Barbados and his native Jamaica to the "catch up" economics of China and the taming of inflation in Latin America, Henry shows that in much of the emerging world the policy pendulum now swings toward prudence and self-control. With similar discipline and a dash of humility, he concludes, the First World may yet recover and create long-term prosperity for all its citizens. Bold, rational, and forward-looking, Turnaround offers vital lessons for developed and developing nations in search of stability and growth.

Westernizing the Third World

Westernizing the Third World
Author :
Publisher : Psychology Press
Total Pages : 232
Release :
ISBN-10 : 0415205735
ISBN-13 : 9780415205733
Rating : 4/5 (35 Downloads)

Synopsis Westernizing the Third World by : Ozay Mehmet

The second edition of this successful and popular text has been updated and revised to include recent issues in development economics. Significant new additions include: * Asian values and development * democracy, human rights and good governance * globalization and development * boxed summaries of key arguments and glossary. Westernizing the Third World identifies the mainstream economic theories which have been employed in developing countries. The author examines these and explains why Eurocentric concepts are not suitable for the developing world

Economic Growth and Demographic Transition in Third World Nations

Economic Growth and Demographic Transition in Third World Nations
Author :
Publisher : CRC Press
Total Pages : 560
Release :
ISBN-10 : 9780429783364
ISBN-13 : 0429783361
Rating : 4/5 (64 Downloads)

Synopsis Economic Growth and Demographic Transition in Third World Nations by : Şefika Şule Erçetin

This volume presents a new perspective on demographic transition, economic growth, and national development via exploration of the Third World economies. It provides a multidimensional approach to the close relationship between the concept of the chaos and complexity theory and provides a deliberate glance into the plight of policy formulation for demographic transition, economic growth, and development of Third World countries. The volume discusses the efficiency of good strategies and practices and their impact on business growth and economic growth, depending on the depth and diversity of infrastructure sector in particular and overall socioeconomic development in general. Economic Growth and Demographic Transition in Third World Nations: A Chaos and Complexity Theory Perspective covers a conglomeration of various aspects and issues related to the effect of demographic transition on socio-economic development in Third World countries, especially in the post-globalized era. It focuses on the applicability of the chaos and complexity theory in order to elicit transformational policies and aims to discuss and predict future projections of the new world of the economic growth policies.

Economic Development in the Third World

Economic Development in the Third World
Author :
Publisher :
Total Pages : 698
Release :
ISBN-10 : 0582044405
ISBN-13 : 9780582044401
Rating : 4/5 (05 Downloads)

Synopsis Economic Development in the Third World by : Michael P. Todaro

The Stages of Economic Growth

The Stages of Economic Growth
Author :
Publisher :
Total Pages : 192
Release :
ISBN-10 : 1684221579
ISBN-13 : 9781684221578
Rating : 4/5 (79 Downloads)

Synopsis The Stages of Economic Growth by : W. W. Rostow

2017 Reprint of 1960 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition software. In the text Professor Rostow gives an account of economic growth based on a dynamic theory of production and interpreted in terms of actual societies. Five basic stages of economic growth are distinguished with detailed discussions of each stage including illustrative examples. Rostow also applies the concept of stages of growth to an examination of the problems of military aggression and the nuclear arms race. The final chapter includes a comparison of his non-communist manifesto with Marxist theory. Remains a classic text on the subject.

Understanding Development

Understanding Development
Author :
Publisher : Routledge
Total Pages : 218
Release :
ISBN-10 : 9781135056131
ISBN-13 : 1135056137
Rating : 4/5 (31 Downloads)

Synopsis Understanding Development by : John Rapley

First published in 1997. An introduction to the theory and practices of development in the third world, tracing the evolution of development theory over 40 years, and examining why so many of the benefits of development are still not shared by millions.

Making Poor Nations Rich

Making Poor Nations Rich
Author :
Publisher : Stanford Economics & Finance
Total Pages : 488
Release :
ISBN-10 : STANFORD:36105129833591
ISBN-13 :
Rating : 4/5 (91 Downloads)

Synopsis Making Poor Nations Rich by : Benjamin Powell

Making Poor Nations Rich illustrates the importance of institutions that support economic freedom and private property rights for promoting the form of productive entrepreneurship that leads to sustained increases in countries' standard of living.

The Poverty of "development Economics"

The Poverty of
Author :
Publisher : MIT Press
Total Pages : 204
Release :
ISBN-10 : 0262122340
ISBN-13 : 9780262122344
Rating : 4/5 (40 Downloads)

Synopsis The Poverty of "development Economics" by : Deepak Lal

Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk, and either a floating or rigidly fixed exchange rate.

The Next Convergence

The Next Convergence
Author :
Publisher : Macmillan + ORM
Total Pages : 316
Release :
ISBN-10 : 9781429968713
ISBN-13 : 1429968710
Rating : 4/5 (13 Downloads)

Synopsis The Next Convergence by : Michael Spence

A Washington Post Notable Nonfiction Book for 2011 With the British Industrial Revolution, part of the world's population started to experience extraordinary economic growth—leading to enormous gaps in wealth and living standards between the industrialized West and the rest of the world. This pattern of divergence reversed after World War II, and now we are midway through a century of high and accelerating growth in the developing world and a new convergence with the advanced countries—a trend that is set to reshape the world. Michael Spence, winner of the Nobel Prize in Economic Sciences, explains what happened to cause this dramatic shift in the prospects of the five billion people who live in developing countries. The growth rates are extraordinary, and continuing them presents unprecedented challenges in governance, international coordination, and ecological sustainability. The implications for those living in the advanced countries are great but little understood. Spence clearly and boldly describes what's at stake for all of us as he looks ahead to how the global economy will develop over the next fifty years. The Next Convergence is certain to spark a heated debate how best to move forward in the post-crisis period and reset the balance between national and international economic interests, and short-term fixes and long-term sustainability.