Thinking on economic development has shifted over time. Early theories that stressed capital formation and a heavy reliance on the public sector proved inadequate. Gradually, economists began to see that development was a complex, multifaceted problem that combined economic issues with problems of poverty and income distribution, insititution building and governance.
While there have been many failures, there have also been many successes. Countries such as China, Chile, Ghana, and Korea demonstrate that good policies and strong institutions can result in remarkable progress. However, many poor countries, particularly those in Africa continue to lag behind. Closing this gap remains a major challenge for the world, particularly as the growing population and output of developing countries accelerate tensions in such areas as trade, immigration and financial flows.
Thinking on economic development has shifted over time. Early theories that stressed capital formation and a heavy reliance on the public sector proved inadequate. Gradually, economists began to see that development was a complex, multifaceted problem that combined economic issues with problems of poverty and income distribution, insititution building and governance.
While there have been many failures, there have also been many successes. Countries such as China, Chile, Ghana, and Korea demonstrate that good policies and strong institutions can result in remarkable progress. However, many poor countries, particularly those in Africa continue to lag behind. Closing this gap remains a major challenge for the world, particularly as the growing population and output of developing countries accelerate tensions in such areas as trade, immigration and financial flows.
Imprint | Authorhouse |
Country of origin | United States |
Release date | August 2011 |
Availability | We don't currently have any sources for this product. If you add this item to your wish list we will let you know when it becomes available. |
Authors | Norman L. Hicks |
Format | Electronic book text - Windows |
ISBN-13 | 978-1-4567-6631-3 |
Barcode | 9781456766313 |
Categories | |
LSN | 1-4567-6631-7 |