Contemporary Economic Issues in Developing Countries

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Greenwood Publishing Group, 2003 - Business & Economics - 263 pages
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Important lessons for policy makers are provided here as contributors evaluate the effectiveness of domestic economic policies and the recommendations of international organizations such as the World Bank regarding the economic development of developing countries. Challenges posed by debt problems, corruption, population dynamics, poverty, and the absence of adequate human and physical capital are highlighted. Contributors cast doubts on the conclusions of the prevailing theories of economic development with patterns of economic change over the course of the 20th century.

Their findings point out the issue of inadequate social capability as a critical factor in understanding the lack of economic development in many developing countries. They suggest that contemporary theorizing tends to pinpoint necessary but insufficient conditions for the successful implementation of development strategies in these countries.

 

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Contents

Introduction
1
International Debt Ten Lessons for the New Millennium
15
Population Dynamics and Food Production in SubSaharan Africa
35
Ongoing Fertility Transition in SubSaharan Africa
59
Poverty Estimates and PovertyReducing Strategies for the Developing Economy
75
Environmental Issues in Economic Growth Application of an EQT Model for Developing Countries
97
Rentseeking and Economic Growth in Developing Countries
113
Corruption Control in Developing Societies Lessons from Public Choice
129
Why Structural Adjustment Failed in Africa
167
Openness and Economic Performance of Developing Countries
187
Government Spending Human Capital and Endogenous Growth in Developing Countries
205
LifeCycle Consumption Economic Development and Planning Horizon in Developing Countries
223
Defense Spending and Economic Growth
239
Index
255
About the Editors and Contributors
259
Copyright

Fiscal and Monetary Policies for Economic Development
153

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About the author (2003)

JOHN BAFFOE-BONNIE is Associate Professor of Economics at Penn State University, Delaware County Campus.

MOHAMMED KHAYUM is Associate Professor of Economics and Finance at the University of Southern Indiana, Evansville.

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