This book provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues. It addresses one basic question: Why has a small set of countries achieved a high level of affluence while the majority remains poor and stagnant? This fully revised and updated third edition also incorporates analyses of several recent changes and newly emerged problems relevant to the global economy.
Introduction 1. A Theoretical Framework for Economic Development 2. A Comparative Perspective on Developing Economies 3. Population Growth and the Constraint of Natural Resources 4. Breaking the Resource Constraint 5. Capital Accumulation and Economic Development 6. Patterns and Sources of Technological Progress 7. Income Distribution and Environmental Problems 8. Market and State 9. The Role of Community in Economic Development 10. Tradition and Modernization: A Concluding Remark Bibliography Index
Yujiro Hayamiis Chairman of the Graduate Faculty at the Foundation for Advanced Studies on International Development and Professor at the National Graduate Institute of Policy Studies, Tokyo.Yoshihisa Godois Associate Professor of Economics at Meijigakuin University and Visiting Associate Professor at the National Graduate Institute for Policy Studies, Tokyo.