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Growth and Development: With Special Reference to Developing Economies

A.P. Thirlwall
 
ISBN: 978-1-55587-563-3
$29.95
1995/441 pages

"An outstanding contribution to the development and growth literature."—Kyklos

From the reviews of previous editions:

"An admirable example of the careful application of economic analysis to the problems of the poor and slowly growing countries."—The Times Educational Supplement

"Professor Thirlwall's textbook has become a standard reference of growth and development since it was published in 1972, and I have no doubt that this revised edition will be received with equal acclaim in development circles."—Economic Journal

DESCRIPTION

This widely used textbook is designed to introduce students with a background in micro- and macroeconomics to the challenging subject of development economics, enabling them to understand the development difficulties of the world's poor countries.

The book opens with an analysis of the world development "gap" and then introduces such key topics as the measurement of the sources of growth, the role of agriculture in the development process, and the importance of capital accumulation and industrialization. Subsequent chapters consider obstacles to development, planning and various planning techniques, and the relation between development and the environment. The financing of development is explored, with particular stress on balance-of-payments constraints and the debt problems that arise from foreign borrowing.

Written in a simple but rigorous way, this extensively revised fifth edition of Growth and Development includes much-extended discussions of the world debt problem, financial liberalization, and the concept of sustainable development.

ABOUT THE AUTHOR

A.P. Thirlwall is professor of applied economics at the University of Kent at Canterbury in England. He is author of Inflation, Saving and Growth in Developing Economies and Economic Growth and the Balance-of-Payments Constraint (with J.S.L. McCombie) and editor of Keynes and Economic Development.

CONTENTS

  • INTRODUCTION.
  • Development and Underdevelopment.
  • The Production-Function Approach to the Study of the Causes of Growth.
  • FACTORS IN THE DEVELOPMENT PROCESS.
  • Land, Labor, and Agriculture.
  • Capital and Technical Progress.
  • OBSTACLES TO DEVELOPMENT.
  • Dualism, Center-Periphery Models, and the Process of Cumulative Causation.
  • Population and Development.
  • PLANNING, THE ALLOCATION OF RESOURCES, SUSTAINABLE DEVELOPMENT, AND THE CHOICE OF TECHNIQUES.
  • Planning and Resource Allocation in Developing Countries.
  • Project Appraisal, Social Cost-Benefit Analysis, and Shadow Wages.
  • Development and the Environment.
  • The Choice of Techniques.
  • Input-Output Analysis.
  • The Programming Ap proach to Development.
  • FINANCING ECONOMIC DEVELOPMENT.
  • Financing Development from Domestic Resources.
  • Foreign Assistance, Debt, and Development.
  • INTERNATIONAL TRADE, THE BALANCE OF PAYMENTS, AND DEVELOPMENT.
  • Trade and Development.
  • The Balance of Payments, International Monetary Assistance, and Development.
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