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Evolution of Development Policy - A Reinterpretation (Hardcover)
Loot Price: R771
Discovery Miles 7 710
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Evolution of Development Policy - A Reinterpretation (Hardcover)
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Total price: R791
Discovery Miles: 7 910
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This book, the first of its kind in terms of the reinterpretation
of the existing literature on development policy and of the actual
development experience using a paradigmatic framework (which is
original to this book), expands on five overarching themes.
Firstly, it seeks to dissipate the current confusion about the
overarching principle(s) of development that has had an adverse
impact on the course of economic development. Secondly, the book
demonstrates, with the help of extensive empirical evidence, that
the traditional emphasis on Structural Transformation (the rising
share of manufacturing as a percentage of total output) is indeed
the key to development process. Thirdly, the book maintains that
rather than looking at some of the basic policy issues-market
versus the government, economic growth versus macroeconomic
stability versus human development, export expansion versus
import-substitution, physical versus human capital, etc-in a
confrontational either-or fashion, the way to decide on them is to
evaluate them in the light of real-life experience of the
successful developers, especially of those scoring growth miracles.
Fourth, this book has sought to answer the rather baffling question
as to why should there still be so much altercation on the key
development issues even in the face of clear empirical evidence to
the contrary. The book asserts that these perceptional differences
can be explained in terms of the economists' respective
'paradigmatic affiliations'. Fifth, the book argues that central
development decisions about growth, equity, poverty reduction,
human development, and macroeconomic stability, should be taken
together in a holistic framework.
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