Development economics is a branch of study that focuses on improving the economies of developing countries examining both macroeconomic and microeconomic factors relating to the structure of a developing economy. The main objective of the book is to present major issues of development economies. It takes up an analysis of the limitations of accumulation-centric growth process and introduces the readers to alternative development paradigms along with their critics.
Organised into fourteen chapters, the initial chapters discuss historical background of less developed economies, post-colonial development patterns in the context of establishment of the World Bank, the IMF and the GATT, economic models like classical development ideas, Marxian model, the Marginalist economies, Alfred Marshall and the neoclassical school and ideas of Keynes.
The book skillfully explains some of the development macro models based on industry-agriculture interactions, structure of agriculture, population and role of market and state in economic development.
The later chapters delve on capability approaches to development and thematic deficiency of traditional development economics, and relation between inequality, poverty and development. In this context the book takes up the analysis of the concept of ‘Development Management’ and its application to less developed economies.
The book is intended for the undergraduate and postgraduate students of economics.
About the Author
APARAJITA MUKHERJEE, PhD, is former Professor of Economics, Department of Economics and Politics, Visva-Bharati University, Santiniketan, West Bengal. Having a teaching experience of more than three decades at graduate and postgraduate level, she has supervised and guided PhD scholars in the field of Development Economics.
Dr. Mukherjee has published/presented several research papers and review articles in reputed journals/national and international conferences, and has also authored a book.|SAUMYA CHAKRABARTI, PhD, is Associate Professor of Economics, Department of Economics and Politics, Visva-Bharati University, Santiniketan, West Bengal. Besides, he has taught at Calcutta University, Presidency University, and St. Xavier’s College (Kolkata). With more than a decade of teaching experience in the subject at the graduate and postgraduate levels, he has contributed several articles in many reputed journals and has also authored a book.
Dr. Chakrabarti has been associated with Brown University (USA) and has received D.K. Desai Award 2012 by the Indian Society of Agricultural Economics.
Table of Contents:
Preface • Acknowledgement 1. Introduction 2. Less Developed Economies 3. Development Ideas and Theories: The Early Paradigms 4. Post World War Development Ideas 5. Development Economics under Dual Economy Framework 6. Some Macro Models of Development Based on Industry–Agriculture Interactions 7. Structure of Agriculture in Less Developed Economies 8. Population and Economic Development 9. The Role of Market and the State in Economic Development 10. The New Paradigm in Development Economics Capability Approach to Development and Development Management 11. Inequality, Poverty and Development 12. Environment, Resources and Sustainable Development 13. Open Economy Issues: Early Paradigm 14. Open Economy Issues: Globalisation Bibliography • Index
