For this Handbook authors known to have different views regarding
the nature of development economics have been selected. The
Handbook is organised around the implications of different sets of
assumptions and their associated research programs. It is divided
into three volumes, each with three parts which focus on the broad
processes of development.
This third volume of the Handbook of Development Economics employs
rigorous theoretical and empirical frameworks. It focuses on policy
and includes material from unpublished and not generally available
sources. In particular, it covers analytical and policy issues
arising from the collapse of the paradigm of development based on
import-substituting-industrialization in most developing countries;
and the demise of centrally planned economies of Eastern Europe and
the Soviet Union. The volume also deals with the increasing
recognition of the importance of micro behavioral responses to a
range of incentives and unobserved factors both for analysis and
for policy formulation. It discusses the ongoing process of
economic reforms in developing countries by reducing state
involvement in the economy through privatization, opening up the
economy much more to foreign trade and investment and allowing
market forces
and the private sector to guide resource allocation to a much
greater extent. As well as updating developments on topics which
were included in the earlier volumes, this Handbook also includes
different topics, such as econometric and other empirical modeling
tools for development analysis and the role of technology in the
development process.
As in the previous volumes of the series, the chapters in this
Handbook provideself-contained surveys summarizing not only
received knowledge but also recent developments. Each chapter is
also a definitive source, reference and teaching supplement for use
by researchers and advanced graduate students.
For more detailed information on the Handbooks in Economics
series, please see our home page on http:
//www.elsevier.nl/locate/hes
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