First published in 1999, this volume is written by seasoned public
choice scholars and is intended to make a significant contribution
to the debate on peaceful coexistence and sustainable development
in developing countries. The book contains a rich mixture of
analytical ideas and views on collective choice and macroeconomic
performance in developing countries. This book breaks new ground in
that it is the first comprehensive application of the theory of
public choice to collective decision making in developing
societies. It provides both students of Third World studies and
policy makers in developing societies an in-depth analysis for
institutions for collective choice. For countries undergoing major
reform of their political and economic institutions, public choice
theory can provide significant and useful insights, and help these
societies design and adopt institutional arrangements that enhance
peaceful coexistence of groups, the creation of wealth and
sustainable development. Specifically, the book successfully shows
that: (1) the application of economic theory to the study of public
policy in the developing countries can provide important insights
into collective decision-making; (2) the application of public
choice theory to the study of developing societies can
significantly improve the efficiency of bureaucratic and
governmental systems, and consequently, promote economic, political
and social development; and (3) public choice can help developing
societies design and sustain effective laws and institutions for
peaceful coexistence of groups and achieve sustainable development.
General
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