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This collection provides a complete introduction to new ways of thinking about economic development. Emphasizing economic theory, each article has been selected for its theoretical completeness, accessibility, and clarity as well as its value as contribution to the field. A thorough introductory essay summarizes the state of the field for those new to this area and explains the importance of the articles selected. The book is organized in two parts, the first ...
The study of development in low-income countries is attracting more attention than ever before. Yet until now there has been no comprehensive text that incorporates the huge strides made in the subject over the past decade. Development Economics fills that gap in a clear, rigorous, and elegant fashion. Debraj Ray, an accomplished theorist in development economics. presents in this book a synthesis of recent and older literature in the field and raises important ...
This work stresses that economic progress is not the result of a single factor, but is favored by a combination of elements, including the improvement of physical and human capital, the reduction of inequality, and the establishment of institutions. 'Development Economics stresses' that the economic progress is not the result of a single factor, but is favored by a combination of elements, including the improvement of physical and human capital, the reduction of ...