E. Wayne Nafziger updates the economic development of Asia, Africa, Latin America, and East-Central Europe in this fourth edition. Nafziger explains the reasons for the fast growth of Pacific Rim countries, Brazil, Poland, and (recently) India, and the increasing economic misery and degradation of large parts of sub-Saharan Africa. He also examines China and other post-socialist economies as low- and middle-income countries, without, however, overshadowing a primary focus on the third world. Nafziger's text is filled with real-world examples--emphasizing the themes of poverty, inequality, unemployment, the environment, and deficiencies of people in less developed countries.
Contents
Part I. Principles and Concepts of Development: 1. Introduction; 2. The meaning and measurement of economic 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. Development planning and policy-making: the state and the market; 19. Stabilization, adjustment, reform and privatization.
Reviews
"The 4th edition of Nafziger's book is a great improvement on an excellent 3rd edition. The book is a text book with a gold min of innovative and current ideas about development. Particularly outstanding in the new edition is the thorough treatment of poverty in Chapter 6. 'Nafziger' is the leading text in the field." John Weeks, School of Oriental and Asian Studies (SOAS), University of London
"Professor Nafziger's highly readable multi-paradigmatic new text is a welcome addition to the literature. His balanced but critical presentation of the seminal theories in development provides a rich tapestry of ideas from which students can interpret the failures and successes of recent decades. The volume is replete with a real world understanding and measurement of the factors salient to growth and development. This text should set the standard in the field for years to come." Howard Stein, University of Michigan, Ann Arbor
"Professor Nafziger's Economic Development is the most comprehensive text available on the subject. It is written in a clear, lively and readable fashion which makes it very accessible to students. It deals impressively with theory, policy and institutional issues in the best traditions of political economy and draws intelligently on concrete country studies. It highlights the major contemporary debates in policy and their theoretical underpinnings. For all these reasons it will quickly eclipse other textbooks in the field." John Loxley, University of Manitoba
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