Development Economics

PART 1 History, ideologies and methods
1. Recognizing the development imperative
2. Economic development: the story over fifty years
3. Ideologies and methods of development economics
4. Macroeconomic theories of economic growth
5. The development process: landmark theories

PART 2 Governance
6. Governance questions 1: corruption
7. Governance questions 2: public-sector scope, enhancement and reform
8. Civil society: role and potential

PART 3 Central global questions
9. Globalization: trade, trade policy, international economic relations
10. Poverty, equity and well-being
11. Sustainable development, environmental evaluation, natural resources
12. Stabilization in developing countries

PART 4 Real resources and sectoral considerations
13.Population and labour supply
14. Migration and urbanization
15. Gender and development
16. Agricultural development, food supply and rural transformation
17. Industrialization and development
18. Building technological capability

PART 5 Finance
19. Domestic finance
20. Elaboration of economic project-appraisal
21. Foreign aid
22. Loans and debt
23. Foreign direct investment
24. International migration and remittances

PART 6 Conclusion
25. Guidelines, judgements and possibilities

Broad beliefs about the economics of ‘developing countries’ and of the development process have changed considerably since the subject became of wide interest in the 1950s; due largely to changes in the world and in the application of economic policies within developing countries. Subjects such as environment, gender, poverty, famine and globalization have come to be of increasingly important public interest. The extreme divergence of experience among regions of the world has also made it more and more questionable whether it even makes sense to think of a single and distinctive ‘economics of developing countries’.

This textbook presents a concise and up-to-date examination of the field of development economics, bringing together historical perspectives, current issues and policy implications. Each chapter can be read as a stand-alone unit, or as part of the wider economic debates presented throughout the book.