Introduction to Development Economics
The third edition of the widely usedIntroduction to Development Economicsprovides a detailed analysis of the major economic issues confronting less developed countries. Throughout, Subrata Ghatak maintains a balance between theories of economic growth and the realities of economic development. Although the basic principles remain unchanged, the past few years have witnessed changes in emphasis and the rise of new areas of interest. Such issues include development and the environment, the international debt crisis, endogenous growth, the impact of foreign aid, fiscal reforms, migration, human capital accumulation and the problems of trade liberalization. Introduction to Development Economicsis divided into four sections and is written in a straightforward style. This is a comprehensive analysis of the area, with many tables added to provide up-to-date statistical data and technical data in the appendices.
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The economic theory of growth and development
DUAL ECONOMY MODELS
The dichotomy between savings and output
FOREIGN RESOURCES AND ECONOMIC
POPULATION POVERTY AND INCOME
Appendix 7A The definition of a poverty line
GREEN REVOLUTION AND INCOME
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agriculture allocation analysis argued assumed banks benefits capital capital-output ratio cent commodity consumer consumption cost crop curve demand developing countries domestic economic development economic growth effects elasticity employment equation equilibrium exports factors farmers fertility Figure financing foreign exchange fuelwood given Green Revolution growth rate HD model impact important income distribution increase indifference curve indirect taxes industrial inequality inputs interest rates investment labour land LDCs marginal productivity marketed surplus maximization ment migration MNCs neoclassical opportunity cost optimal output planning population problem production function profit projects raise rate of growth real income reduce regarded returns to scale revenue rise role rural savings SDRs shadow prices social supply surplus labour tariff technical progress terms of trade theory tion transfer of technology UNCTAD urban variables welfare world prices