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on policy and includes material from unpublished and not generally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 provide self-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.
General
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