There is much discussion about global poverty and the billions of
people living with almost nothing. Why is it that governments,
development banks, think-tanks, academics, NGOs and many others
can't just fix the problem? Why is it that seemingly obvious
reforms never happen? Why are prosperity and equity so elusive? The
revised second edition of Economic Development: What Everyone Needs
to Know (R) brings readers right into the trenches of development
policies to show what practitioners are actually doing and explains
the issues, dilemmas, options, frustrations and opportunities they
face, day in and day out. In straightforward language and a
question-and-answer format, Marcelo M. Giugale outlines the
frontier of the development practice or, as he puts it, "...the
point at which knowledge stops and ignorance begins." He takes
readers from why it is so difficult to get governments to function,
to the basic policies that economies need to work well, the
powerful new tools for social assistance, and the challenges of
inclusion, education, health, infrastructure, technology, data, and
foreign aid. Giugale gives no definitive, universal answers. They
don't really exist. Rather, he highlights what works, what doesn't,
and what's promising. Drawing from examples across the world, his
overall message is clear: economic development, and the poverty
reduction that goes with it, have never been more possible for more
countries.
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