E. Wayne NafzigerCambridge University PressEdition: 5, 3/26/2012EAN 9780521765480, ISBN10: 052176548XHardcover, 856 pages, 26 x 18.3 x 3.5 cmLanguage: EnglishNafziger explains the reasons for the recent fast growth of India, Poland, Brazil, China, and other Pacific Rim countries, and the slow, yet essential, growth for a turnaround of sub-Saharan Africa. The book is suitable for those with a background in economics principles. The fifth edition of the text, written by a scholar of developing countries, is replete with real-world examples and up-to-date information. Nafziger discusses poverty, income inequality, hunger, unemployment, the environment and carbon-dioxide emissions, and the widening gap between rich (including middle-income) and poor countries. Other new components include the rise and fall of models based on Russia, Japan, China/Taiwan/Korea and North America; randomized experiments to assess aid; an exploration of whether information technology and mobile phones can provide poor countries with a shortcut to prosperity; and a discussion of how worldwide financial crises, debt, and trade and capital markets affect developing countries.PrefacePart I. Principles and Concepts of Development1. How the other two-thirds live2. What is development?3. Economic development in historical perspective4. Characteristics and institutions of developing countries5. Theories of economic developmentPart II. Poverty Alleviation and Income Distribution6. Poverty, malnutrition, and income inequality7. Rural poverty and agricultural transformationPart III. Factors of Growth8. Population and development9. Employment, migration, and urbanization10. Education, health, and human capital11. Capital formation, investment choice, information technology, and technical progress12. Entrepreneurship, organization, and innovation13. Natural resources and the environmenttoward sustainable developmentPart IV. The Macroeconomics and International Economics of Development14. Monetary, fiscal, and incomes policy, and inflation15. Balance of payments, aid, and foreign investment16. The external debt and financial crises17. International tradePart V. Development Strategies18. The transition to liberalization and economic reformEastern Europe, the former Soviet Union, and China19. Stabilization, adjustment, and reform.
