It is the wish of every community and every nation to move from one stage of development to another. Development is holistic approach that involves structural institutional changes and social economic transformation, in addition to increased outputs and incomes. Development also encompasses change in people’s customs and beliefs that are a hindrance to development programs. Economic growth involves urbanization, industrialization and increased and appropriate use of technology in all sectors of the economy. The government major role is to provide good welfare to its citizens. It is also obliged to facilitate economic players to actively participate in economic activity through provision of infrastructure. All this is done through the process of development theory, policy and planning. This work summarizes the theories of economic growth, both ancient and modern, and presents them in a form particularly suitable for university students, both in the developing world and elsewhere. The objective is to enable students to assess the major factors making for economic development and to encourage them to think about ways of applying their knowledge to the particular problems of their own countries. This book is written in a compact, coherent and comprehensive manner and enables the students to have a thorough grasp of the subject in simple and easy language as well as lucid style. A sincere effort has been made to make the subject-matter easier and clearer by giving different illustrations and drawing charts and diagrams mostly drawn from the Indian economy. Critical analysis has also been given at relevant places. From an overview of economic development theories this book delves into practical aspects of economic development planning, discussing resource utilization, infrastructure development, human capital investment, and sustainable development. The book also emphasizes the importance of balanced development, regional growth, and inclusive decision-making and promotes modeling approaches like the Theory of Change, Logical Framework, and Result-Based Management.
Barry Eichengreen is a professor of economics at U.C. Berkeley, a research associate of the National Bureau of Economic Research, a weblogger at the Washington Centre for Equitable Growth, and a fellow of the Institute for New Economic Thinking. He received his B.A. and Ph.D. from Harvard University in 1982 and 1987. He joined UC Berkeley as an associate professor in 1993 and became a full professor in 1997. Professor Barry also served as Deputy Assistant Secretary of the Treasury for Economic Policy. Barry has been editor and co-editor of the Journal of Economic Perspectives and a Fellow at the Centre for Advanced Study in the Behavioral Sciences, among other honors. Barry has published extensively in the areas of industrial organization, competition policy, patents, the economics of innovation, the design and use of patents, and competitive strategy.
| Preface 1. INTRODUCTION TO ECONOMIC DEVELOPMENT 1.1 Growth Versus Development 1.2 History Of Development Theory 1.3 Models Of Industrialization 1.4 Changes In Recent Development Thinking 1.5 What Lessons Have We Learned And Where Do We Go From Here? 2. ECONOMIES IN TRANSITION: SOCIALIST TO MARKET 2.1 Economic Systems 2.2 Economic Performance Of Socialism 2.3 Some Analysts On Transition 2.4 The Russian Experience 2.5 The Chinese Experience 2.6 Explanation For Different Reform Paths 2.7 Sustainable Growth 3. NEW GENERAL THEORY OF ECONOMIC DEVELOPMENT 3.1 Introduction 3.2 What Is Economic Development? 3.3 Elusive Mechanisms Of Economic Development 3.4 Gaps In The General Theory: Economic Development Is An Inclusive Process 3.5 New General Theory Of Economic Development 3.6 Initiating Economic Development 3.7 Sustaining Economic Development 3.8 Conclusion 4. CONCEPTS IN RURAL DEVELOPMENT 4.1 Introduction 4.2 Defining Development 4.3 Rural Regions And Development 4.4 Rural Development Strategies 4.5 Conclusions 5. RURAL POLICY 5.1 What Is Rural Policy? 5.2 Why Rural Policy? 5.3 A Brief History Of Rural Policy 5.4 The New Rural Paradigm 5.5 The Current Context For Rural Policy 5.6 The Current State Of Rural Policy 5.7 Why Is Rural Policy Development So Hard To Accomplish? 5.8 Conclusions 6. GRASSROOTS RURAL DEVELOPMENT 6.1 Introduction 6.2 The Context Of Grassroots Development 6.3 Grassroots Development As A Challenge To Modernization 6.4 What Is Grassroots Development? 6.5 Grassroots Development In Rural Context 6.6 How Is Grassroots Development Implemented In Rural Communities? 6.7 Does Grassroots Development Contribute To Improving The Human Condition? 7. RESOURCE DEPENDENCE AND RURAL DEVELOPMENT 7.1 Introduction 7.2 Dependence And Development: The Trajectory Of Metaphors 7.3 Defining Development In The Context Of Resource Dependence 7.4 Descriptive Findings: Resource Dependence And Community Well-Being 7.5 Variability By Operational Definitions And Context 7.6 Global Climate Change, Resource Dependence And Rural Development 7.7 Conclusions 8. AGRICULTURE AND RURAL DEVELOPMENT 8.1 Introduction 8.2 Farming And Rural Development Globally 8.3 Production Agriculture And Rural Community Development 8.4 Alternative Agriculture And Rural Development 8.5 Conclusion |
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