Economic Development

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Cambridge University Press, 2006 - 846 pages
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In this fourth edition of his textbook E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America, and East-Central Europe. This comprehensive and clearly written text explains the growth in real income per person and income disparities within and between developing countries. The author 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. The book also examines China and other post-socialist economies as low- and middle-income countries, without, however, overshadowing the primary emphasis on the third world. The text is replete with real-world examples. The exposition emphasizes the themes of poverty, inequality, unemployment, the environment, and deficiencies of people in less developed countries. The guide to the readings, through bibliography, and websites with links to development resources makes the book useful for students writing research papers.

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Contents

PRINCIPLES AND CONCEPTS OF DEVELOPMENT
1
The Meaning and Measurement of Economic Development
15
Economic Development in Historical Perspective
53
per Capita
90
Characteristics and Institutions of Developing Countries
95
Theories of Economic Development
123
Marxist Thesis 142 Dependency Theory 144 The Neoclassical
162
Rural Poverty and Agricultural Transformation
220
Entrepreneurship Organization and Innovation
392
Toward
413
THE MACROECONOMICS AND INTERNATIONAL
465
Balance of Payments Aid and Foreign Investment
501
The External Debt and Financial Crises
551
International Trade
591
DEVELOPMENT STRATEGIES
655
Stabilization Adjustment Reform and Privatization
677

FACTORS OF GROWTH
271
Employment Migration and Urbanization
308
Education Health and Human Capital
334
Capital Formation Investment Choice Information Technology
361
Glossary
737
Bibliography
759
Index
827
Copyright

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About the author (2006)

E. Wayne Nafziger is University Distinguished Professor of Economics at Kansas State University. A noted authority on economic development, he is the author and editor of sixteen books, including the first three editions of this textbook, The Debt Crisis in Africa (1993) and the editor (with Frances Stewart and Raimo Vayrynen) of War, Hunger, and Displacement: The Origins of Humanitarian Emergencies, 2 volumes (2000).

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