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Why Developing Countries Fail to Develop by Purushottam Narayan Mathur Pdf
Recent debt crises and consequent dislocations and distress in the underdeveloped world have shown that the development strategies of the last forty years were misconceived. No underdeveloped country during this period could become an industrially advanced country, despite the development schemes orchestrated by the World Bank. This results from the fact that mainstream economic theory ignores international and national constraints and their interactions with the dynamics of technological transformation. This book develops a completely articulated theory of economic interconnections to deal with underdeveloped country's situation.
Why Latin American Nations Fail by Esteban Pérez Caldentey,Matías Vernengo Pdf
The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new strategies that by and large have failed to explain or reduce income disparity and relieve poverty in the region. Why Latin American Nations Fail brings together leading Latin Americanists from several disciplines to address the topic of how and why contemporary development strategies have failed to curb rampant poverty and underdevelopment throughout the region. Given the dramatic political turns in contemporary Latin America, this book offers a much-needed explanation and analysis of the factors that are key to making sense of development today.
Why Nations Fail by Daron Acemoglu,James A. Robinson Pdf
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Quicklet on Paul Collier's The Bottom Billion: Why the Poorest Countries are Failing (CliffsNotes-like Book Summary) by Zeya Schindler Pdf
ABOUT THE BOOK “By 2050 the development gulf will no longer be between a rich billion in the most developed countries and five billion in the developing countries; rather, it will be between the trapped billion and the rest of humankind.” Written in 2007, Paul Collier’s, The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It, was widely hailed as a landmark work in the field of development economics. Intended in Collier’s own words as a book on economics that could be read on the beach (Collier, TED Talk), The Bottom Billion uses relatively simple descriptive prose to challenge traditional perspectives on the state of global poverty and what can be done about it. Based on years of statistical research, the Bottom Billion examines why some people and places in the world are seemingly stuck in poverty while the majority of ‘developing nations’ are rapidly becoming more affluent. Collier proposes several methods for helping the most impoverished nations to become ‘unstuck’. He emphasized four main ‘development traps’ that have often been overlooked in aid, economic, and foreign policy circles; notably, Collier questions current norms in provision of international aid to the poorest countries, suggesting strategic use of aid and asserting that more is not necessarily better. MEET THE AUTHOR Zeya is a native of the San Francisco Bay Area. After earning a BA in Modern Literature at the University of California at Santa Cruz, Zeya began building a career in International Development work that allowed him to live and travel extensively in Asia, the Middle East, and Europe. In 2011 he completed an MA in International Development from Oxford Brookes University in Oxford, England. EXCERPT FROM THE BOOK Collier estimates four of the five billion once stuck in poverty are now achieving greater levels of affluence and mobility. However, he argues the last billion—the bottom billion—are being left far behind. Not only is this demographic failing to achieve strong economic progress, says Collier, but in many cases it is regressing to a quality of existence more characteristic of the fourteenth century than the twenty-first. For fear of stigmatization, Collier declines to list the countries where the bottom billion live. He does comment the majority of those living in the most abject conditions are located within a group of some 58 states, mostly in Africa and Central Asia. Over the last several decades, four fifths of the world’s poor have made substantial gains towards a middle class lifestyle. Still, the average person in these bottom billion countries is now poorer than in 1970 and are statistically more susceptible to war and violent conflict, disease, environmental hazards, and corrupt governance. Many of the problems shared by these people are exacerbated by a lack of health care, education and other vital infrastructure... Buy a copy to keep reading!
International Development by Bruce Currie-Alder,Ravi Kanbur,David M. Malone,Rohinton Medhora Pdf
Thinking on development informs and inspires the actions of people, organizations, and states in their continuous effort to invent a better world. This volume examines the ideas behind development: their origins, how they have changed and spread over time, and how they may evolve over the coming decades. It also examines how the real-life experiences of different countries and organizations have been inspired by, and contributed to, thinking on development. The extent to which development 'works' depends in part on particular local, historical, or institutional contexts. General policy prescriptions fail when the necessary conditions that make them work are either absent, ignored, or poorly understood. There is a need to grasp how people understand their own development experience. If the countries of the world are varied in every way, from their initial conditions to the degree of their openness to outside money and influence, and success is not centred in any one group, it stands to reason that there cannot be a single recipe for development. Each chapter provides an analytical survey of thinking about development that highlights debates and takes into account critical perspectives. It includes contributions from scholars and practitioners from the global North and the global South, spanning at least two generations and multiple disciplines. It will be a key reference on the concepts and theories of development - their origins, evolution, and trajectories - and act as a resource for scholars, graduate students, and practitioners.
Development in Turbulent Times by Paul Dobrescu Pdf
This open access book explores the most recent trends in the EU in terms of development, progress, and performance. Ten years after the 2008 economic crisis, and amidst a digital revolution that is intensifying the development race, the European Union, and especially Central and Eastern Europe, are ardently searching for their development priorities. Against this background, by relying on a cross-national perspective, the authors reflect upon the developmental challenges of the moment, such as sustainable development, reducing inequality, ensuring social cohesion, and driving the digital revolution. They particularly focus on the relation between the less-developed Eastern part of the EU and its more developed Western counterpart, and discuss the consequences of this development gap in detail. Lastly, the book presents a range of case studies from different areas of governance, such as economy and commerce, health services, education, migration and public opinion in order to investigate the trends most likely to impact the European Union's medium and long-term development.
What is a developing country? How does one know whether a country is actually developing or not? This book looks at this issue from several perspectives. Using a series of reports by various organisations, it shows how countries rank in their levels of development according to different criteria. Countries ranking high according to one measure may rank lower according to another. It was once commonly believed that raising a country's average per capita income level would lead to improvements in most other areas. Time and experience have shown, however, that social conditions and general well-being of people may not necessarily improve when a country's average income level increases. Countries with high levels of per capita income may rank lower in their social and structural development. By contrast, some poor countries rank with the advanced countries in their governance and levels of individual and economic freedom. This book examines four criteria which are often used today to rank and assess countries' levels of development. They are: per capita income; economic and social structure; social conditions, and; the prevailing level of economic and political freedom. Specific indices or quantitative studies are explained and applied to each criteria and differences among the various measures are explained.
Factfulness by Hans Rosling,Anna Rosling Rönnlund,Ola Rosling Pdf
INSTANT NEW YORK TIMES BESTSELLER “One of the most important books I’ve ever read—an indispensable guide to thinking clearly about the world.” – Bill Gates “Hans Rosling tells the story of ‘the secret silent miracle of human progress’ as only he can. But Factfulness does much more than that. It also explains why progress is so often secret and silent and teaches readers how to see it clearly.” —Melinda Gates "Factfulness by Hans Rosling, an outstanding international public health expert, is a hopeful book about the potential for human progress when we work off facts rather than our inherent biases." - Former U.S. President Barack Obama Factfulness: The stress-reducing habit of only carrying opinions for which you have strong supporting facts. When asked simple questions about global trends—what percentage of the world’s population live in poverty; why the world’s population is increasing; how many girls finish school—we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess teachers, journalists, Nobel laureates, and investment bankers. In Factfulness, Professor of International Health and global TED phenomenon Hans Rosling, together with his two long-time collaborators, Anna and Ola, offers a radical new explanation of why this happens. They reveal the ten instincts that distort our perspective—from our tendency to divide the world into two camps (usually some version of us and them) to the way we consume media (where fear rules) to how we perceive progress (believing that most things are getting worse). Our problem is that we don’t know what we don’t know, and even our guesses are informed by unconscious and predictable biases. It turns out that the world, for all its imperfections, is in a much better state than we might think. That doesn’t mean there aren’t real concerns. But when we worry about everything all the time instead of embracing a worldview based on facts, we can lose our ability to focus on the things that threaten us most. Inspiring and revelatory, filled with lively anecdotes and moving stories, Factfulness is an urgent and essential book that will change the way you see the world and empower you to respond to the crises and opportunities of the future. --- “This book is my last battle in my life-long mission to fight devastating ignorance...Previously I armed myself with huge data sets, eye-opening software, an energetic learning style and a Swedish bayonet for sword-swallowing. It wasn’t enough. But I hope this book will be.” Hans Rosling, February 2017.
Gerard Roland's new text, Development Economics, is the first undergraduate text to recognize the role of institutions in understanding development and growth. Through a series of chapters devoted to specific sets of institutions, Roland examines the effects of institutions on growth, property rights, market development, and the delivery of public goods and services and focuses. With the most comprehensive and up to date treatment of institutions on development, Roland explores the important questions of why some countries develop faster than others and why some fail while others are successful.
The message of this courageous classic book is that the benefits of development, so long promised over the past sixty years, have not come about for most people. Nor are they going to. State-driven and market-led development models have both failed. Many countries, and their cities in particular, are collapsing into 'ungovernable chaotic entities' under the control of warlords and mafias. Oswaldo de Rivero argues that the 'wealth of nations' agenda must be replaced by a 'survival of nations' agenda. In order to prevent increasing human misery and political disorder, many countries must abandon dreams of development and adopt instead a policy of national survival based on providing basic water, food and energy, and stabilizing their populations. This much-anticipated new edition features both updated statistics and fresh material, including an essential new argument that the present global crisis is not simply economic but a much more profound crisis of 'the California Model': a crisis of our way of life and of our unsustainable global urban civilization.
Globalization and the Least Developed Countries by David Bigman Pdf
One of the most notable changes in the world economy during the past three decades has been the diverging trends in the growth of the developing countries. This book examines the opportunities open to the least developed countries as they design their strategies to accelerate growth and alleviate poverty.
In the last thirty years, the developing world has undergone tremendous changes. Overall, poverty has fallen, people live longer and healthier lives, and economies have been transformed. And yet many countries have simply missed the boat. Why have some countries prospered, while others have failed? Stefan Dercon argues that the answer lies not in a specific set of policies, but rather in a key development bargain, whereby a country's elites shift from protecting their own positions to gambling on a growth-based future. Despite the imperfections of such bargains, China is among the most striking recent success stories, along with Indonesia and more unlikely places, such as Bangladesh, Ghana and Ethiopia. Gambling on Development is about these winning efforts, in contrast to countries stuck in elite bargains leading nowhere. Building on three decades' experience across forty-odd countries, Dercon winds his narrative through Ebola in Sierra Leone, scandals in Malawi, beer factories in the DRC, mobile phone licences in Mozambique, and relief programs behind enemy lines in South Sudan. Weaving together conversations with prime ministers, civil servants and ordinary people, this is a probing look at how development has been achieved across the world, and how to assist such successes.
Achieving Development Success by Augustin K. Fosu Pdf
This book presents development strategies and lessons based on a large range of 'success' countries across the developing world. In addition to the country cases, it presents regional and overall syntheses that cover orthodox vs. heterodox policies; the importance of capability, primary exports, diversification and financing; managing diversity; the role of institutions and governance; and human development. The book reveals much diversity in successful development strategies offered by the various select countries: for example, the 'disinterested-government' political economy of China; the democratically supported, high-service-sector development approach of India; the 'Washington-Consensus-based' reforms of Ghana and China; the diversification strategies of the United Arab Emirates (UAE), Bahrain and Oman; the dynamic orthodox-heterodox strategy of Malaysia and Vietnam; the effective natural-resource management of Botswana, Oman, Bahrain and the UAE; the social-sector underpinnings of development in Costa Rica and Tunisia; and the democratic political system of managing diversity in India. This refreshing approach to studying development will interest researchers, teachers, students, development practitioners and policymakers alike.
The Struggle for Economic Development by Michael P. Todaro Pdf
Compilation of articles on economic and social development in developing countries - covers underdevelopment, development theories, poverty, population, basic needs, employment, choice of technology, income distribution, education, urbanization, rural development, economic development strategies incl. Industrialization trade, import substitution, etc.; reviews role of multinational enterprises, North South dialogue development planning, etc. Bibliography.