Economics of the developing countries
Myint, H.
Economics of the developing countries - 5th ed. - London Hutchinson 1980 - 166 p.
There are two main driving forces behind the study of the under developed countries. The first, which has grown rapidly under the pressure of post-war international tensions, is concerned with the need to do something urgently about the problem of poverty in these countries. The second, which has a longer academic tradition, is concerned with trying to understand the reasons for the great differences in economic development between the underdeveloped and the developed countries; it is concerned with the nature and causes of the 'Poverty of Nations'. Current ideas of the under developed countries can best be understood against the background of these two approaches and their interaction upon each other.
The first line of approach focuses attention on the large difference in the per capita national income levels between the developed and the underdeveloped countries. This difference is regarded as the measure of the gap in the standards of living among the rich and the poor countries, highlighting the prima facie case for the rich to help the poor. Further, it is argued that the low level of per capita incomes of the underdeveloped countries is a major cause of their slow rate of growth and economic stagnation. These countries are said to be trapped in a 'vicious circle' of poverty, aggravated by growing population pressure on limited land: low incomes leading to a low level of saving and investment, leading to low productivity of labour and low incomes. It is (or used to be) maintained that the 'vicious circle' can be broken only by a 'crash' programme of econo mic development requiring a large inflow of international aid to supplement the inadequate domestic saving of the underdeveloped countries.
91402417
Developing countries - Economic conditions
330.91724 MYI
Economics of the developing countries - 5th ed. - London Hutchinson 1980 - 166 p.
There are two main driving forces behind the study of the under developed countries. The first, which has grown rapidly under the pressure of post-war international tensions, is concerned with the need to do something urgently about the problem of poverty in these countries. The second, which has a longer academic tradition, is concerned with trying to understand the reasons for the great differences in economic development between the underdeveloped and the developed countries; it is concerned with the nature and causes of the 'Poverty of Nations'. Current ideas of the under developed countries can best be understood against the background of these two approaches and their interaction upon each other.
The first line of approach focuses attention on the large difference in the per capita national income levels between the developed and the underdeveloped countries. This difference is regarded as the measure of the gap in the standards of living among the rich and the poor countries, highlighting the prima facie case for the rich to help the poor. Further, it is argued that the low level of per capita incomes of the underdeveloped countries is a major cause of their slow rate of growth and economic stagnation. These countries are said to be trapped in a 'vicious circle' of poverty, aggravated by growing population pressure on limited land: low incomes leading to a low level of saving and investment, leading to low productivity of labour and low incomes. It is (or used to be) maintained that the 'vicious circle' can be broken only by a 'crash' programme of econo mic development requiring a large inflow of international aid to supplement the inadequate domestic saving of the underdeveloped countries.
91402417
Developing countries - Economic conditions
330.91724 MYI