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This is the 5th edition with a publication date of 3/26/2012.
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E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America, and East-Central Europe. The book is suitable for those with a background in economics principles. Nafziger explains the reasons for the recent fast growth of India, Poland, Brazil, China, and other Pacific Rim countries, and the slow, yet essential, growth for a turnaround of sub-Saharan Africa. The fifth edition of the text, written by a scholar of developing countries, is replete with real-world examples and up-to-date information. Nafziger discusses poverty, income inequality, hunger, unemployment, the environment and carbon-dioxide emissions, and the widening gap between rich (including middle-income) and poor countries. Other new components include the rise and fall of models based on Russia, Japan, China/Taiwan/Korea, and North America; randomized experiments to assess aid; an exploration of whether information technology and mobile phones can provide poor countries with a shortcut to prosperity; and a discussion of how worldwide financial crises, debt, and trade and capital markets affect developing countries.
Table of Contents
|Principles and Concepts of Development|
|How the other two-thirds live|
|What is development?|
|Economic development in historical perspective|
|Characteristics and institutions of developing countries|
|Theories of economic development|
|Poverty Alleviation and Income Distribution|
|Poverty, malnutrition, and income inequality|
|Rural poverty and agricultural transformation|
|Factors of Growth|
|Population and development|
|Employment, migration, and urbanization|
|Education, health, and human capital|
|Capital formation, investment choice, information technology, and technical progress|
|Entrepreneurship, organization, and innovation|
|Natural resources and the environment: toward sustainable development|
|The Macroeconomics and International Economics of Development|
|Monetary, fiscal, and incomes policy, and inflation|
|Balance of payments, aid, and foreign investment|
|The external debt and financial crises|
|The transition to liberalization and economic reform: Eastern Europe, the former Soviet Union, and China|
|Stabilization, adjustment, and reform|
|Table of Contents provided by Publisher. All Rights Reserved.|