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ECONOMIC PROGRESS AND PROSPECTS IN THE THIRD WORLD - Lessons of Development Experience since 1945 (Hardcover)
Loot Price: R3,288
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ECONOMIC PROGRESS AND PROSPECTS IN THE THIRD WORLD - Lessons of Development Experience since 1945 (Hardcover)
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Economic Progress and Prospects in the Third World combines an
elegant and persuasive summary of development progress over the
last 40 years with detailed case studies of two major developing
countries, Nigeria and India.Beginning with an overview of changes
in development theory and practice since 1945, the book
distinguishes three main phases: the 'Golden Age' of the 1950s and
1960s, the illusory debt-led growth of the 1970s, and the 'Lost
Decade' of the 1980s. It explains how successes in some of the
earlier phases led to difficulties later on. The authors then
describe the specific ways in which these changes have affected two
nations: Nigeria, a relatively open economy, India, a relatively
closed economy. In conclusion, they draw on the lessons of global
and domestic development for a discussion of prospects in the
1990s. This important study will prove invaluable to policymakers
and economists who seek to use the experience of the past to solve
the problems of the future.
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