Economics of Development

, by Perkins, Dwight H.; Gillis, Malcolm; Radelet, Steven C.; Snodgrass, Donald R.; Roemer, Michael

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

ISBN: 9780393975178 | 0393975177
Cover: Hardcover
Copyright: 1/1/2001

Rent

(Recommended)

$94.20

Term

Due

Price

Semester

Aug 2

$94.20

Quarter

Jul 19

$89.50

Short Term

Jun 21

$84.78

*This item is part of an exclusive publisher rental program and requires an additional convenience fee. This fee will be reflected in the shopping cart.
Buy New

Usually Ships in 3-5 Business Days

$128.71

Adopted at more than 400 colleges and universities worldwide, Economics of Development remains the standard of excellence in its market. That tradition continues with this Fifth Edition in which the all-star team of authors, including newcomer Steven Radelet, introduce a number of important improvements to the book's scope and coverage. Like previous editions, this one benefits from the wide-ranging expertise of its authors, both as researchers and field practitioners, and its approach remains steadfastly pragmatic and authoritative. Now more than ever before, Economics of Development is the book to count on in your development course.

Preface

International Development Resources on the Internet

Part One: Theory and Patterns

Introduction

(24)

Terminology: The Developing World

(1)

Rich and Poor Countries

(2)

Growth and Development

(2)

A Development Continuum

(5)

A Glance at History

(3)

The Concept of Substitutes

(6)

Approaches to Development

(2)

Organization

(1)

Economic Growth: Theory and Empirical Patterns

(56)

Estimating Gross National Product

(2)

What Is Included in GNP?

(1)

Exchange-Rate Conversion Problems

(3)

Other Index-Number Problems

(2)

Income Levels and Economic Growth around the World: A Brief Overview

(4)

The Progression of Growth Theory

(1)

Production Functions: An Overview

(1)

The Basic Growth Model

(3)

The Harrod-Domar Growth Model

(1)

The Fixed-Coefficient Production Function

(2)

The Capital-Output Ratio and the Harrod-Domar Framework

(2)

Strengths and Weaknesses of the Harrod-Domar Framework

(5)

Economic Growth in Thailand

(2)

The Solow (Neoclassical) Growth Model

(1)

The Neoclassical Production Function

(1)

The Basic Equations of the Solow Model

(4)

The Solow Diagram

(2)

Changes in the Saving Rate and Population Growth in the Solow Model

(2)

Technological Change in the Solow Model

(3)

Empirical Evidence on Economic Growth

(1)

Convergence

(3)

Characteristics of Rapidly Growing Economies

(4)

Sources of Growth Analysis

(7)

Explaining Differences in Growth Rates

(6)

Beyond Solow: New Approaches to Growth

(2)

Appendix: Deriving the Sources of Growth Equation

(3)

Structural Change

(32)

Two-Sector Models

(1)

The Production Function

(7)

Labor Surplus in China

(1)

The Neoclassical Two-Sector Model

(3)

Labor Surplus in Africa

(1)

Industrial Patterns of Growth

(1)

Empirical Approaches

(1)

Theoretical Approaches

100

(2)

Backward and Forward Linkages

102

(2)

Quantitative Interindustry Models

104

(5)

Social Accounting Matrix

109

(3)

Computable General Equilibrium Models

112

(3)

Development and Human Welfare

115

(36)

Concepts and Measures

118

(1)

Income Distribution

118

(2)

Inequality Measures

120

(3)

Poverty Measures

123

(2)

Equality and Equity

125

(1)

Basic Human Needs and Social Indicators

125

(2)

Overall Indicators of Development

127

(2)

Patterns of Inequality and Poverty

129

(1)

Inequality and Economic Development

129

(1)

Other Influences on Inequality

130

(1)

How Growth Reduces Poverty

131

(2)

Gender, Inequality, and Poverty

133

(3)

South Korea

134

(1)

Brazil

135

(1)

Sri Lanka

136

(1)

Theories of Inequality and Poverty

136

(1)

Ricardo's Two-Sector Model

136

(2)

India

137

(1)

Marx's View

138

(1)

Neoclassical Theory

138

(1)

Labor-Surplus Model

138

(3)

Strategies for Growth with Equity

141

(1)

Redistribute First, Then Grow

141

(2)

Redistribution with Growth

143

(1)

Basic Human Needs

144

(2)

Structural Adjustment and the Poor

146

(1)

Growth and Equity: Key Policy Issues

147

(4)

Part Two: Guiding Development

Guiding Development: Markets Versus Controls

151

(44)

Managing Development

151

(1)

Market Economics

152

(4)

Socialist Economies

156

(3)

The March Toward Markets

159

(1)

The Appeal of Controls

159

(2)

Resurgence of the Market

161

(8)

The Declining Effectiveness of Industrial Policy: Korea from the 1960s to the 1990s

164

(5)

Implementing Market Reforms

169

(1)

Stabilization of Macroeconomy

170

(7)

China Joins the WTO to Speed the Transition to the Market, 1999-2000

171

(6)

Dismantling Controls

177

(2)

Stabilization That Worked: Bolivia 1985-86

178

(1)

Ensuring Competition

179

(2)

Moving toward Scarcity Prices

181

(2)

Responding to Market Signals

183

(4)

The Transition to a Market System

187

(8)

Stabilization and Deregulation, Indonesia 1986-90

192

(3)

Sustainable Development

195

(50)

Market Failures

197

(1)

The Commons

198

(1)

Externalities: A Closer Look

199

(1)

Soil Erosion in Java, Indonesia

200

(1)

Sustainable Harvests

200

(4)

The Value of Time

204

(3)

Policy Solutions

207

(1)

Property Rights

208

(2)

Communal Forest Management in India

209

(1)

Government Regulation

210

(4)

Taxation

214

(3)

Reducing Water Pollution from Palm Oil Mills in Malaysia

216

(1)

Marketable Permits

217

(3)

Policy Failures

220

(5)

Subsidized Deforestation of the Amazon

221

(2)

Kerosene Subsidy in Indonesia

223

(2)

Valuing a Recreational Facility in Bangkok, Thailand

225

(1)

Measuring Sustainability

225

(1)

Natural Capital

226

(1)

A Concept of Sustainability

227

(1)

Resources and National Income

228

(4)

Sustainable Developments in Malaysia

230

(2)

Global Sustainability

232

(1)

Malthusian Views

232

(1)

Neoclassical Views

233

(4)

Environmental Degradation and Income Levels: Three Patterns

236

(1)

Environmental Standards, International Competitiveness, and Trade

237

(3)

Poverty and the Environment

240

(2)

Rich Nations and Poor Nations

242

(3)

Part Three: Human Resources

Population

245

(36)

Demographic Measures

246

(2)

A Brief History of Human Population

248

(1)

The Preagricultural Era

248

(1)

From Settled Agriculture to the Industrial Revolution

248

(1)

From the Industrial Revolution to World War II

249

(1)

The Post-World War II Period

249

(3)

The Present Demographic Situation

252

(6)

The Demographic Future

258

(1)

The Causes of Population Growth

259

(1)

Malthus and His World

259

(2)

Mechanisms for Reducing Birthrates

261

(1)

Modern Theories of Fertility

262

(3)

Analyzing the Effects of Rapid Population Growth

265

(1)

Optimum Population

265

(2)

Dynamic Models of Population Growth

267

(1)

Concern about the Effects of Population Growth on Development

268

(1)

Doubters and Dissenters

269

(1)

Conclusion

270

(1)

Population Policy

271

(2)

Population and Family Planning in Kenya

272

(1)

Policy Alternatives

273

(6)

Population and Family Planning in China

274

(2)

Population and Family Planning in Indonesia

276

(3)

Family Planning versus Development?

279

(2)

Labor's Role

281

(38)

Analyzing Employment Issues

282

(1)

Growth of the Labor Supply

282

(1)

Patterns of Employment

283

(3)

Primary Education and Child Labor in India

286

(1)

The Structure of Labor Markets

286

(5)

The Urban Informal Sector in Indonesia

290

(1)

Measuring the Labor Supply and Its Utilization

291

(3)

Labor Reallocation

294

(1)

Costs and Benefits of Reallocating Labor

295

(3)

Internal Migration

298

(2)

International Migration

300

(2)

Employment Policy

302

(1)

Labor Absorption through Industrialization

302

(4)

Elements of Employment Promotion Policy

306

(1)

Factor Price Distortions

307

(1)

Correcting Factor Price Distortion

308

(4)

The Role of Technology

312

(1)

Technology Policies

313

(2)

Other Employment Policies

315

(3)

Employment Creation Strategies

318

(1)

Education

319

(26)

Trends and Patterns

320

(3)

Education in Indonesia

322

(1)

Types of Learning

323

(2)

Characteristics of Developing-Country Education

325

(4)

Education's Role in Development

329

(1)

Manpower Planning

330

(3)

Cost-Benefit Analysis

333

(4)

Cost-Benefit Analysis in Educational Planning

337

(5)

Educational Policy in Kenya and Tanzania and Its Results

340

(2)

Alternative Viewpoints

342

(3)

Health and Nutrition

345

(32)

Health in the Developing Countries

346

(1)

Patterns and Trends

346

(6)

HIV/AIDS in Africa

350

(2)

Causes of Sickness and Death

352

(2)

Health in Sri Lanka

354

(1)

Effects of Health on Development

354

(4)

Environmental Health

358

(1)

Malnutrition

359

(2)

Food Consumption

361

(3)

Nutritional Interventions

364

(2)

Medical Services

366

(5)

Supplying Medicines to Poor Countries

370

(1)

Health Services and the Market

371

(6)

Part Four: Capital Resources

Capital and Saving

377

(43)

Saving and Investment: The Basic Data

379

(3)

Investment Requirements for Growth

382

(1)

Types of Investment

382

(2)

Effective Use of Capital

384

(1)

Capital-Intensive or Labor-Intensive Investment: A Hypothetical Case

385

(2)

Sources of Saving

387

(1)

A Taxonomy of Savings

388

(2)

Government Saving

390

(4)

Private Domestic Saving

394

(1)

Determinants of Private Saving

395

(1)

Household Saving Behavior

395

(7)

Corporate Saving Behavior

402

(2)

Foreign Saving

404

(4)

Foreign Aid

408

(1)

Historical Role

408

(4)

Aid Institutions and Instruments

412

(2)

Aid and Development

414

(6)

Fiscal Policy

420

(56)

The Government Budget: General Considerations

421

(1)

Government Expenditures

422

(1)

Current and Recurrent Expenditures

423

(2)

Wages and Salaries

425

(1)

Purchases of Goods and Services

426

(2)

Interest Payments

428

(1)

Subsidies

428

(2)

State-Owned Enterprises

430

(1)

Intergovernmental Transfers

431

(1)

Project Appraisal and the Capital Account

432

(1)

Present Value

432

(3)

Opportunity Costs

435

(2)

Shadow Prices

437

(1)

Project Appraisal and National Goals

438

(2)

Transforming Market Prices into Shadow Prices

440

(2)

Tax Policy and Public Saving

442

(2)

Taxes on International Trade

444

(2)

Tax Rates and Smuggling: Columbia

445

(1)

Personal and Corporate Income Taxes

446

(1)

Sales and Excise Taxes

447

(3)

New Sources of Tax Revenues

450

(1)

Changes in Tax Administration

450

(2)

Tax Administration in India and Bolivia in the 1980s

451

(1)

Fundamental Tax Reform

452

(5)

Lessons from Comprehensive Tax Reform: Colombia

453

(4)

Taxes and Private Investment

457

(1)

Taxes and Private Saving

457

(3)

Taxes and Capital Mobility

460

(1)

Income Distribution

461

(1)

Taxation and Equity

462

(1)

Personal Income Taxes

463

(1)

Taxes in Luxury Consumption

464

(2)

Corporate Income and Property Taxes: The Incidence Problem

466

(2)

Limited Effects of Redistribution Policy

468

(1)

Expenditures and Equity

469

(3)

Irrigation and Equity

471

(1)

Economic Efficiency and the Budget

472

(1)

Sources of Inefficiency

472

(1)

Neutrality and Efficiency: Lessons from Experience

473

(3)

Financial Policy

476

(45)

The Functions of a Financial System

477

(1)

Money and the Money Supply

477

(3)

Financial Intermediation

480

(1)

Transformation and Distribution of Risk

481

(1)

Stabilization

482

(1)

Inflation and Savings Mobilization

482

(1)

Inflation Episodes

483

(5)

Hyperinflation in Peru: 1988-90

486

(2)

Forced Mobilization of Savings

488

(2)

Inflation as a Stimulus to Investment

490

(3)

Inflation and Interest Rates

493

(2)

Interest Rates and Savings Decisions

495

(1)

Interest Rates and Liquid Assets

496

(3)

Financial Development

499

(1)

Shallow Finance and Deep Finance

499

(1)

Shallow Financial Strategy

500

(3)

Deep Financial Strategies

503

(3)

Panic, Moral Hazard, and Financial Collapse

506

(3)

Informal Credit Markets

509

(3)

Small-Scale Savings and Credit Institutions: Bangladesh and Indonesia

511

(1)

Monetary Policy and Price Stability

512

(1)

Monetary Policy and Exchange-Rate Regimes

512

(2)

Sources of Inflation

514

(3)

Controlling Inflation through Monetary Policy

517

(1)

Reserve Requirements

518

(1)

Credit Ceilings

519

(1)

Interest Rate Regulation and Moral Suasion

520

(1)

Private Foreign Capital Flows, Debt, and Financial Crises

521

(56)

Foreign Investment and the Multinationals

523

(1)

Multinationals' Investment Patterns

524

(1)

Characteristics of Multinationals

525

(1)

Benefits of Foreign Direct Investment

526

(7)

Policies toward Foreign Direct Investment

533

(2)

Foreign Debt

535

(1)

Commercial Borrowing

536

(2)

Debt Dynamics

538

(2)

The 1980s Debt Crisis

540

(4)

Causes of the Crisis

544

(2)

Escape from the Crisis

546

(5)

The 1982 Mexican Debt Crisis

548

(3)

The Highly Indebted Poor Countries

551

(5)

Debt Relief in Uganda

554

(2)

Emerging Market Financial Crises

556

(3)

Domestic Economic Weaknesses

559

(2)

Short-Term Capital Flows

561

(3)

Creditor Panic

564

(4)

Self-Fulfilling Creditor Panics

566

(2)

Stopping Panics

568

(4)

Lessons from the Crises

572

(5)

Part Five: Production and Trade

Agriculture

577

(42)

Agriculture's Role in Economic Development

578

(2)

Self-Sufficiency and Dwindling World Food Supplies

580

(2)

Food Supply and Famine

582

(2)

Land Tenure and Reform

584

(1)

Patterns of Land Tenure

584

(2)

Tenure and Incentive

586

(3)

Land Reform

589

(1)

The Politics of Land Reform

589

(2)

Land Reform and Productivity

591

(1)

Land Reform and Income Distribution

592

(1)

Technology of Agricultural Production

593

(1)

Traditional Agriculture

593

(1)

Slash-and-Burn Cultivation

594

(1)

The Shortening of Fallow

595

(1)

Farming within a Fixed Technology

595

(1)

Modernizing Agricultural Technology

596

(3)

The Mechanical Package

599

(3)

The Biological Package and the Green Revolution

602

(2)

Mobilization of Agricultural Inputs

604

(1)

Rural Public Works Projects

605

(1)

Rural Banks and Credit Cooperatives

606

(3)

Labor Mobilization in Chinese Communes

607

(2)

Extension Services

609

(1)

The Development of Rural Markets

610

(2)

Agricultural Price Policy

612

(1)

The Multiple Role of Prices

613

(2)

The Impact of Subsidies

615

(2)

Overvalued Exchange Rates

617

(2)

Primary Exports

619

(33)

Export Characteristics of Developing Countries

619

(3)

Comparative Advantage

622

(4)

Primary Exports as an Engine of Growth

626

(1)

Improved Factor Utilization

627

(1)

Expanded Factor Endowments

628

(1)

Linkage Effects

629

(3)

Recent Empirical Evidence on Primary-Export-Led Growth

632

(2)

Barriers to Primary-Export-Led Growth

634

(1)

Sluggish Demand Growth

634

(3)

Primary-Export-Led Growth in Malaysia

636

(1)

Declining Terms of Trade

637

(4)

Ghana: A Case of Arrested Development

640

(1)

Fluctuating Export Earnings

641

(1)

Ineffective Linkages

642

(1)

Rent Seeking and Corruption

643

(1)

Dutch Disease

643

(9)

Nigeria: A Bad Case of Dutch Disease

649

(1)

Indonesia: Finding A Cure

650

(2)

Industry

652

(25)

Industry as a Leading Sector

652

(3)

Linkages

655

(3)

Urbanization

658

(3)

Investment Choices in Industry

661

(1)

Choice of Technique

661

(4)

Economies of Scale

665

(4)

Small-Scale Industry

669

(4)

Industry and Development Goals

673

(4)

Township and Village Enterprises in China

674

(3)

Trade and Development

677

(57)

Import Substitution

680

(3)

Protective Tariffs

683

(3)

Import Quotas

686

(1)

Subsidies

687

(2)

Effective Rates of Protection

689

(6)

Exchange-Rate Management

695

(5)

Import Substitution in General Equilibrium

700

(4)

Import Substitution in Kenya

702

(2)

Outcomes of Import Substitution

704

(1)

Outward-Looking Trade Strategy

705

(5)

The Advantages of Manufactured-Export-Led Growth

710

(3)

Policies Supporting Labor-Intensive Manufactured Exports

713

(6)

Possible Risks

719

(3)

Reconciling Import Substitution and Export Growth

722

(1)

World Trading Arrangements

723

(3)

Trade Reform in Mexico, 1985-89

724

(2)

Multilateral Trade Reform

726

(1)

Integration in the South

727

(5)

Trading Blocs

732

(2)

Managing an Open Economy

734

(1)

Equilibrium in a Small, Open Economy

735

(2)

Internal and External Balance

737

(3)

The Phase Diagram

740

(3)

Equilibrium and Disequilibrium

743

(3)

Stabilization Policies

746

(3)

Tales of Stabilization

749

(1)

The Dutch Disease

750

(2)

Debt Repayment Crisis

752

(2)

Pioneering Stabilization: Chile, 1973-84

754

(1)

Stabilization Package: Inflation and a Deficit

755

(2)

Drought

757

(1)

Recovering from Mismanagement: Ghana, 1983-91

758

(2)

Accumulating Reserves: Taiwan, 1980-87

760

Bibliography and Additional Readings

Index

A31

Please wait while the item is added to your bag...

FREE SHIPPING

Amazon no longer offers textbook rentals. We do!

Economics of Development

Summary

Table of Contents

Supplemental Materials