Economic Development in the Third World

Includes index

Part 1 Principles and concepts: development economics and Third World nations - a global perspective; common characteristics of developing nations; alternative theories and the meaning of development; historic growth and contemporary development - lessons and controversies. Part 2 Problems and politics - domestic: growth, poverty, and income distribution; the population debate; economics of population and development; unemployment - issues, dimensions, and analysis; urbanization and rural-urban migration - theory and policy; agricultural transformation and rural development; education and development. Part 3 Problems and policies - international: trade theory and development experience; the balance of payments, international finance and the Third World debt crisis; the trade policy debate - export promotion, import substitution, and economic integration; direct foreign investment and foreign aid - controversies and opportunities. Part 4 Possibilities and prospects: development planning - theory and practice; monetary and fiscal policy; the role and limitations of the state; global economic issues in the 1990s - energy and resource balances, Africa's downward spiral, the debt crisis, and the international economic order.

This book is aimed at undergraduates and focuses on development problems such as poverty, inequality and unemployment. In order to help students grasp important economic concepts, emphasis is placed on explaining them in the context of the actual problems confronting Third World policy makers.