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Economic Development



Pub. Date:
Cambridge University Press
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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
International trade
Development Strategies
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.

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