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Full Description
This new textbook discusses the elements of development and inclusive growth from a critical perspective and provides a fresh view of the dynamic relationship between development, growth, equity, and poverty.
Economics of Development: Towards Inclusive Growth argues that rather than focusing on growth, income distribution and poverty reduction one at a time, the basic objective of development policies should be to achieve inclusive growth. It looks at the issues of development in comparative light, and investigates and analyses successful and unsuccessful policies followed by developing countries.
This book is a result of decades of research and years of experience in policy formulation and implementation. To put forth the discourse on the development of developing countries, the author deals with the origin and progress of development revolution, the liberalist model and the human development approach to inclusive growth.
Key Features:
• Balanced blend of theory and practice of development economics
• Text based on extensive review and re-interpretation of literature on development economics and policy from 1950s to present
• Examples, cases and recent statistical data from developing countries around the world
Contents
Preface
Acknowledgments
I: SPREADING OUT THE WINGS
Rival Perspectives on Development Policies for Inclusive Growth since 1950: A Preview
Development Experience
II: ANATOMY OF The DEVELOPMENT REVOLUTION
The Development Revolution Revisited: Was It Real?
The Mainsprings of Development Revolution
Development Revolution: Was It Open or Closed?
Development Revolution and Pursuit of Inclusive Growth
III: THE LIBERALIST DYSTOPIA
The outbreak Of Liberalism
Ascent of Liberalism
Liberalist Moral Rights Philosophy and Its Economic Agenda
Liberalism's (Non)Pursuit Of Inclusive Growth
IV: ROLLING BACK THE LIBERALIST TIDE
Theoretical Challenges to Liberalism
The Downside of Privatization
Structural Adjustment Programs and Non- Inclusive Growth
The Amoral Basis of Liberalism
V: THE HUMAN DEVELOPMENT INITIATIVE
Human Development Initiative
The Human Development First Strategy
Choice between Human Development First Strategy and Growth-Mediated Strategy
Human Development Initiative on Key Growth-Related Issues
The Human Development Initiative and the Pursuit of Inclusive Growth
VI: TOWARD INCLUSIVE GROWTH STRATEGY
The Inclusive Growth Strategy
Elements of Inclusive Growth Strategy
Quest For Inclusive Growth
Basic Relationships between Growth, Equity, and Poverty
Facilitating Inclusive Growth
The Moral Motivation of the Inclusive Growth Strategy
Holding Mirror to"Reality"?
Bibliography
Index
