Written to provide students with the critical tools used in today’s development economics research and practice, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. Each chapter concludes with an embedded QR code that connects readers to ancillary audiovisual materials and supplemental readings on a website curated by the authors. By mastering the material in this book, students will have the conceptual grounding needed to move on to higher-level development economics courses.
Broad beliefs about the economics of â€˜developing countriesâ€™ 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 â€˜economics of developing countriesâ€™. 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.
Gerard Roland's new text, Development Economics, is the first undergraduate text to recognize the role of institutions in understanding development and growth. Through a series of chapters devoted to specific sets of institutions, Roland examines the effects of institutions on growth, property rights, market development, and the delivery of public goods and services and focuses. With the most comprehensive and up to date treatment of institutions on development, Roland explores the important questions of why some countries develop faster than others and why some fail while others are successful.
Publisher: Routledge Studies in Development Economics
This book explores the history of economic development thought, with an emphasis on alternative approaches in macro development economics. Given that the pioneers of development economics in the 1940s and 1950s drew inspiration from classical political economists, this book opens with a review of key classical scholars who wrote about the progress of the wealth of nations. In reviewing the thinking of the pioneers and those that followed, both their theories of development and underdevelopment are discussed. Overall, the book charts the evolution of development economic thought from the early developmentalists and structuralists, through to the neo-Marxist approach and radical development theory, the neo-liberal counter revolution, and the debate between new developmentalists and neo-liberal scholars. It ends with an assessment of the state of the field today. This book will be of interest to all scholars and students interested in the evolution of development economics.
Charged with analysing and criticising the way economies develop and grow, development economists play a vital role in attempting to reduce inequality across the world. The fourth edition of this classic textbook introduces students to this vital field. All of the popular aspects of earlier editions are retained with new additions such as the introduction of endogenous growth theory. The book also includes the very latest World Bank development data. With vastly improved and updated pedagogical features such as new topical case studies and questions for discussion, Subrata Ghatak introduces what can be a difficult topic with a welcome clarity.
Following the 2007–2009 financial and economic crises, there has been an unprecedented demand among economics students for an alternative approach, which offers a historical, institutional and multidisciplinary treatment of the discipline. Economic development lends itself ideally to meet this demand, yet most undergraduate textbooks do not reflect this. This book will fill this gap, presenting all the core material needed to teach development economics in a one semester course, while also addressing the need for a new economics and offering flexibility to instructors. Rather than taking the typical approach of organizing by topic, the book uses theories and debates to guide its structure. This will allow students to see different perspectives on key development questions, and therefore to understand more fully the contested nature of many key areas of development economics. The book can be used as a standalone textbook on development economics, or to accompany a more traditional text.
The economic and social development of the world’s poorest countries, and the eradication of primary poverty, is one of the greatest challenges facing the world. This tenth edition of Tony Thirlwall’s classic textbook Economics of Development, now co-written with Penélope Pacheco-López, provides a clear, comprehensive and rigorous introduction to the theory ofdevelopment economics and the experience of developing countries. Highlights of the new edition include:• A brand new chapter on human capital: education, nutrition, health, and the role of women in development• New material on the Sustainable Development Goals, the measurement of poverty, and the multidimensional poverty index• Discussion of randomized control trials • The role of structural change in economic development• New IMF lending facilities An ideal textbook for students of economics and other social sciences, this edition contains up-to-date statistics and data, case examples and website references. A companion website is available at www.palgravehighered.com/Thirlwall-Econ-Of-Dev-10e, which includes PowerPoint slides for lecturers, as well as web links to additional resources and videos on development issues. ‘The first edition of this classic text was in 1972, now in 2017 we have a tenth edition. No scholarly work survives for almost half a century without continuing to be current, relevant and authoritative; a considerable task in our fast changing world. Edition number 10 does not disappoint, and will continue to be of great value to current generations of students interested in the economics of development. It is stimulating, informative and comprehensive; as with previous editions, it also maintains rigour whilst continuing to be accessible.’ – Sir David Greenaway, University of Nottingham, UK ‘Economics of Development is by far the best undergraduate textbook in development economics. The new edition expands coverage of the material to include important and relevant topics such as the Sustainable Development Goals, multidimensional poverty, health and nutrition, microcredit, climate change and randomised control trials, and should be an essential reference for students and scholars alike.’ – Kunal Sen, University ofManchester, UK ‘Successive editions of Tony Thirlwall’s textbook on the economics of development have become classic guides to the subject – comprehensive, clear and dispassionate. This updated edition is again outstanding, an essential contemporary introduction to the topic.’ – Frances Stewart, University of Oxford, UK ‘This splendid book, which has gone from strength to strength through ten comprehensive editions, is unquestionably the finest available introduction to the challenging and ever-evolving subject of economic development.’ – Prema-chandra Athukorala, Australian National University, Australia A.P. THIRLWALL is Professor of Applied Economics at the University of Kent, UK. He has lectured widely in developing countries and has been a consultant to several international development agencies. He has also written a number of other books in the field of growth and development, and is Series Editor of Great Thinkers in Economics, published by Palgrave Macmillan. PENÉLOPE PACHECO-LÓPEZ teaches economics at the University of Kent, UK, and has been Consultant to the United Nations Conference on Trade and Development (UNCTAD), the International Trade Centre, and the United Nations Industrial Development Organization (UNIDO). With A.P. Thirlwall she is co-author of Trade Liberalization and the Poverty of Nations.
Foreign aid and overseas military intervention have been important and controversial political topics for over a decade. The government’s controversial target to spend 0.7 per cent of national income on foreign aid has been widely welcomed by some, but strongly criticised by others. Furthermore, the controversy of the Iraq war rumbles on, even today. This is all happening amongst much instability in many parts of the world. In this short book, a number of authors challenge the assumption that we can bring about economic development and promote liberal democracies through direct foreign intervention – whether economic or military intervention. The lead author, William Easterly, drawing on his wide experience at the World Bank and as an academic, is a renowned sceptic of intervention. He points out that solutions proposed now to the problem of poverty are identical to solutions proposed decades ago – but the plans of rich governments simply do not successfully transform poor countries. Academics Abigail Hall-Blanco and Christian Bjornskov add further context and put forward empirical evidence that backs up Easterly’s argument. Syvlie Aboa-Bradwell draws upon her own practical experience to give examples of how people in poor countries can be assisted to promote their own development. This book is essential reading for students, teachers and all interested in better understanding how to help – and how not to help – the world’s most disadvantaged peoples.
A new reference title, this Major Work is a four-volume collection of the core research in development economics, integrating both theoretical and empirical findings from the micro-level of individuals, households, farms and firms, through the meso-level of communities, institutions and markets, to the macro-level of national economic growth.
This book provides researchers, students, and practitioners with a methodology to evaluate the impacts of a wide diversity of development projects and policies on local economies. Projects and policies often create spillovers within project areas. LEWIE uses simulation methods to quantify these spillovers. It has become a complement to randomized control trials (RCTs), as governments and donors become interested in documenting impacts beyond the treated, comparing the likely impacts of alternative interventions, and designing complementary interventions to influence program and policy impacts. It is also a tool for impact evaluation where RCTs are not feasible. Chapters 1-4 motivate and present the basics of impact simulation, including how to design a LEWIE model, how to estimate the model, and how to obtain the necessary data. The remaining chapters provide a diversity of interesting real-world applications and extensions of the basic models. The applications include evaluations of the impacts of cash transfers for the poor, ecotourism, global food-price shocks, irrigation projects, migration, and corruption. Each chapter provide readers with the tools they need to conduct their own local economy-wide impact evaluations. All models and data used in this book are available on-line.
This book reflects on current thinking in development economics and on what may happen over the next two decades. As well as studying development economics in retrospect, the volume explores the current debates and challenges and looks forward at the problems that affect the global capacity to achieve the Millennium Development Goals.
A Holistic Approach to the Understanding of Economic Activity in Low-Income Countries
Author: Matthias P. Altmann
Category: Business & Economics
Poverty still persists in today’s low-income countries despite decades of international aid, and extensive research on the determinants of growth and development. The book argues that meeting this challenge requires a holistic understanding of the context-specific factors that influence economic behavior and structures in poor countries. Contextual Development Economics approaches this task by offering a methodology that allows analysing the dynamic interrelations between economic, cultural and historical determinants of economic life in low-income countries. The book starts with an empirical inquiry into the economic characteristics of low-income countries that create the context by which the specific forms of organising economic activity in these countries are determined. It then looks at how different generations of development economists sought to explain economic realities in low-income countries from the 1940s through today. The book finally synthesises the results from this empirical and methodological analysis with insights from an inquiry into contributions of the German Historical School, from which it borrows the concept of the economic style as a methodological alternative to the universal and hence often irrelevant models of mainstream development economics. This book offers a promising perspective for the future of development economics that will be of interest to researchers and development practitioners alike. It will also be relevant for academics and students with an interest in applications of the method and concepts of the Historical School to contemporary problems.