Economic Development

E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America and East-Central Europe.

E. Wayne Nafziger (Author)

9780521765480, Cambridge University Press

Hardback, published 26 March 2012

856 pages, 79 b/w illus. 1 colour illus. 1 map 47 tables
26 x 18.3 x 3.5 cm, 1.5 kg

'An excellent and wide-ranging textbook on development. The author's expertise and fair-mindedness are evident.' Anwar Shaikh, New School for Social Research, New York

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 book is suitable for those with a background in economics principles. 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.

Preface
Part I. Principles and Concepts of Development: 1. How the other two-thirds live
2. What is development?
3. Economic development in historical perspective
4. Characteristics and institutions of developing countries
5. Theories of economic development
Part II. Poverty Alleviation and Income Distribution: 6. Poverty, malnutrition, and income inequality
7. Rural poverty and agricultural transformation
Part III. Factors of Growth: 8. Population and development
9. Employment, migration, and urbanization
10. Education, health, and human capital
11. Capital formation, investment choice, information technology, and technical progress
12. Entrepreneurship, organization, and innovation
13. Natural resources and the environment: toward sustainable development
Part IV. The Macroeconomics and International Economics of Development: 14. Monetary, fiscal, and incomes policy, and inflation
15. Balance of payments, aid, and foreign investment
16. The external debt and financial crises
17. International trade
Part V. Development Strategies: 18. The transition to liberalization and economic reform: Eastern Europe, the former Soviet Union, and China
19. Stabilization, adjustment, and reform.

Subject Areas: Economic history [KCZ], Political economy [KCP], Development economics & emerging economies [KCM], Economic growth [KCG]