Growth and Development With Special Reference to Developing Economies [Paperback]

This revised edition includes new material on foreign assistance and debt and has updated statistics and the institutional material. The book aims to provide students with an understanding of the theory and practice of economic development.Part 1 Introduction: development and underdevelopment: the production-function approach to the study of the causes of growth. Part 2 Factors in the development process: land, labour and agriculture; capital and technical progress. Part 3 Obstacles to development: dualism, centre-periphery models, and the process of cumulative causation; population and development. Part 4 Planning, the allocation of resources and the choice of techniques: planning and resource allocation in developing countries; social cost-benefit analysis and the shadow wage; the choice of techniques; input-output analysis; the programming approach to development. Part 5 Financing economic development: financing development from domestic resources. Part 6 International trade, the balance of payments and development: trade and development; the balance of payments, international monetary assistance and development.