Political economy of development and under development / edited by Charles K. Wilber
Material type:
- 394374991
- 330.91724 POL
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The 1970s witnessed the birth of a new optimism to replace the old. The pursuit of "growth with equity" or a strategy of targeting "basic human needs" would succeed where economic growth failed. The second edition of this book captured the beginnings of this movement.
The 1980s have ushered in a period of greater caution. World poverty will not be eliminated with simple economic panaceas. Resource shortages (particularly of energy), rising protectionism in the industrial world, militarism in the Third World, the international arms race, the structure of the world economy all make the design of development strategies a complex problem in political economy. The third edition charted the progress of debate among the contending schools of thought with emphasis on issues of political economy rather than on narrowly economic problems.
This fourth edition updates the continuing debate among the contending schools of thought, highlights the international debt crisis along with the attendant stabilization and readjustment programs, and charts the resurgence of free market economics with its attack upon "development" economics.
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