Growth and Development: With Special Reference to Developing Economies
  • 1995/441 pages

Growth and Development:

With Special Reference to Developing Economies

A.P. Thirlwall
Paperback: $29.95
ISBN: 978-1-55587-563-3
This widely used textbook is designed to introduce students with a background in micro- and macroeconomics to the challenging subject of development economics, enabling them to understand the development difficulties of the world's poor countries.

The book opens with an analysis of the world development "gap" and then introduces such key topics as the measurement of the sources of growth, the role of agriculture in the development process, and the importance of capital accumulation and industrialization. Subsequent chapters consider obstacles to development, planning and various planning techniques, and the relation between development and the environment. The financing of development is explored, with particular stress on balance-of-payments constraints and the debt problems that arise from foreign borrowing.

Written in a simple but rigorous way, this extensively revised fifth edition of Growth and Development includes much-extended discussions of the world debt problem, financial liberalization, and the concept of sustainable development.

A.P. Thirlwall is professor of applied economics at the University of Kent at Canterbury in England. He is author of Inflation, Saving and Growth in Developing Economies and Economic Growth and the Balance-of-Payments Constraint (with J.S.L. McCombie) and editor of Keynes and Economic Development.
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