Nafziger explains the reasons for the recent fast growth of India, Poland, Brazil, China, and other Pacific Rim countries, and the slow, yet essential, growth for a turnaround of sub-Saharan Africa. The book is suitable for those with a background in economics principles. The fifth edition of the text, written by a scholar of developing countries, is replete with real-world examples and up-to-date information. Nafziger discusses poverty, income inequality, hunger, unemployment, the environment and carbon-dioxide emissions, and the widening gap between rich (including middle-income) and poor countries. Other new components include the rise and fall of models based on Russia, Japan, China/Taiwan/Korea and North America; randomized experiments to assess aid; an exploration of whether information technology and mobile phones can provide poor countries with a shortcut to prosperity; and a discussion of how worldwide financial crises, debt, and trade and capital markets affect developing countries.
Nafziger explains the reasons for the recent fast growth of India, Poland, Brazil, China, and other Pacific Rim countries, and the slow, yet essential, growth for a turnaround of sub-Saharan Africa. The book is suitable for those with a background in economics principles. The fifth edition of the text, written by a scholar of developing countries, is replete with real-world examples and up-to-date information. Nafziger discusses poverty, income inequality, hunger, unemployment, the environment and carbon-dioxide emissions, and the widening gap between rich (including middle-income) and poor countries. Other new components include the rise and fall of models based on Russia, Japan, China/Taiwan/Korea and North America; randomized experiments to assess aid; an exploration of whether information technology and mobile phones can provide poor countries with a shortcut to prosperity; and a discussion of how worldwide financial crises, debt, and trade and capital markets affect developing countries.
Preface; Part I. Principles and Concepts of Development: 1. How the other two-thirds live; 2. What is development?; 3. Economic development in historical perspective; 4. Characteristics and institutions of developing countries; 5. Theories of economic development; Part II. Poverty Alleviation and Income Distribution: 6. Poverty, malnutrition, and income inequality; 7. Rural poverty and agricultural transformation; Part III. Factors of Growth: 8. Population and development; 9. Employment, migration, and urbanization; 10. Education, health, and human capital; 11. Capital formation, investment choice, information technology, and technical progress; 12. Entrepreneurship, organization, and innovation; 13. Natural resources and the environment: toward sustainable development; Part IV. The Macroeconomics and International Economics of Development: 14. Monetary, fiscal, and incomes policy, and inflation; 15. Balance of payments, aid, and foreign investment; 16. The external debt and financial crises; 17. International trade; Part V. Development Strategies: 18. The transition to liberalization and economic reform: Eastern Europe, the former Soviet Union, and China; 19. Stabilization, adjustment, and reform.
E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America and East-Central Europe.
E. Wayne Nafziger is University Distinguished Professor of Economics at Kansas State University. He is the author and editor of nineteen books and numerous journal articles on development economics, income distribution, development theory, the economics of conflict, the Japanese economy and entrepreneurship. His book, Inequality in Africa: Political Elites, Proletariat, Peasants, and the Poor (Cambridge University Press), was cited by Choice as an Outstanding Academic Book for 1989–1990. Professor Nafziger is also the author of The Debt Crisis in Africa (1993) and the editor (with Frances Stewart and Raimo Vayrynen) of the two-volume War, Hunger, and Displacement: The Origins of Humanitarian Emergencies (2000). He has held research positions at the UN University's World Institute for Development Economics Research, the Carter Center, the East–West Center and in Nigeria, India, Japan and Britain. Professor Nafziger edited the Journal of African Development from 2008 to 2010.
'Now in its fifth edition, Nafziger's Economic Development has gone
from the best in the field to the classic in the field, the most
comprehensive statement and analysis of the major issues of
development. It is essential for students in both economics and
development studies, and an invaluable aid to instructors. Indeed,
every person who wishes to be well-informed about the inequalities
among countries should read the third chapter, 'Economic
Development in Historical Perspective'.' John Weeks, School of
Oriental and African Studies, University of London
'The latest edition of this first-rate text updates the copious
illustrative data contained in its clear and extraordinarily
comprehensive treatment of the character and problems of
development. Presenting a range of perspectives, its breadth makes
it a perfect choice for custom-designed introductory courses in
economic development. At the same time, it is filled with valuable
references to the literature and helpful websites that serve as a
guide for deeper investigation of the key issues.' Lloyd J. Dumas,
University of Texas, Dallas
'In the wake of the current crisis, we are reminded of the
unevenness of global development and the insecurity of billions of
the world's poor. Understanding the reasons for this, variability
and continued vulnerability defy simple explanations. Professor
Nafziger's Economic Development is one of the few texts that draws
on theory, history, policy, and institutional analysis to present a
rich and insightful analysis of the complexity of the development
process and why the goals of development continue to remain so
elusive for so many.' Howard Stein, University of Michigan, Ann
Arbor
'This textbook will be extremely useful to teachers and students.
It is truly compendious in its fair assessment of a wide range of
models and theories and in its sustained attention to real-world
examples, underpinned by a constant reminder of the significance of
problems with empirical data. Rather than applying a body of theory
to the problems of developing economies, this is a textbook that
begins from the diverse, uneven reality of developing countries and
explores how economics have been applied, what debates have
emerged, and what policy relevance these debates have. Clearly
written and briskly paced, its particular value emerges by using
the text in combination with the Internet resources and
bibliographic support the book provides.' Christopher Cramer,
School of Oriental and African Studies, University of London
'Professor Nafziger's Economic Development is the most
comprehensive text available on the subject. It is written in a
clear, lively, and readable fashion that makes it very accessible
to students. It deals impressively with theory, policy, and
institutional issues in the best traditions of political economy
and draws intelligently on concrete country studies. It highlights
the major contemporary debates in policy and their theoretical
underpinnings. For all these reasons it will quickly eclipse other
textbooks in the field.' John Loxley, University of Manitoba
'An excellent and wide-ranging textbook on development. The
author's expertise and fair-mindedness are evident.' Anwar Shaikh,
New School for Social Research, New York
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