Political economy of underdevelopment

The division of the world into rich and poor nations, and the division within poor nations between a minority of rich people and a majority of poor people living at a minimum subsistence level have been obvious to careful observers for a long time. This book provides an introduction to the problems of development faced by poor third-world countries, making use of both Marxist and neo-Keynesian methods of analysis. I t also makes clear the historical origins of these contemporary problems, particularly with reference to the major countries of Asia and Latin America, and discusses the ways in which inequalities, both within and
between countries, are propagated and perpetuated.
Other problems analysed are the typical patterns of fluctuating growth faced by third-world countries; the social structures in both rural and urban areas and their influence on the behaviour of governments and private investors in these countries; and environmental control and population planning issues faced by these countries. Finally, an introduction is provided to the planning methods adopted by most third-world countries and the hurdles such planning has encountered. The illustrations are drawn widely from among third-world countries.