Engendered by renewed interest in development, Growth and
Development from an "Evolutionary Perspective" is a result of
recent work in the "new growth theory" arena. This authoritative
survey uses "comparative analytical economic history" to trace the
evolution of development theory from the Physiocrats and the
classical School to Solow, Lewis, and Lucas and Roemer. Through
outlining historical time, typological differences across
developing societies, and the transition from agrarianism to modern
economic growth, the book arrives at contemporary analyses and
current policies.
Theoretical sections develop a general system of growth
equations that focus on the central role of technology change.
Students can apply these equations to sub-phases of transition as
well as to the modern growth epoch.
Policy-oriented sections discuss contemporary concerns with
distribution, poverty alleviations, and human development as they
relate to growth over time. The book identifies the policy
implications of the development process, comparing East Asian with
Latin American cases. In considering future policy, the book
demonstrates how political economy factors suggest and enhanced
endogenization of policy choices.
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