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Economics and Development Studies
The Need to Go Beyond Simple Economics
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Africa aggregate agricultural Asia basic benefits birthrates Brazil capita income capital Chapter Colombia commodity consumption costs demand demographic transition developed nations distribution of income domestic economic development economic growth employment example exports factor factors of production farm fertility Figure foreign exchange growth rates higher important income distribution increase industrial inequality informal sector inputs institutional investment Kenya Keynesian labor force land Latin America LDCs levels of living Lorenz curve major manufacturing ment microeconomics million modern sector Nigeria nomic OPEC opportunities opportunity cost output planning policies political poor population growth primary problems production programs rapid ratio relative result rich rural development rural-urban migration South Korea Sri Lanka strategies structure subsistence supply Table theory Third World countries Third World nations tion trade traditional underdevelopment United University Press urban areas urban unemployment wage workers World Bank World Development World Population