Development Economics : a Policy Analysis Approach.

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of Figures -- List of Tables -- Preface -- Acknowledgements -- Dedication -- 1 Economic Development: Concept and Measurement -- 1.1 The Concept of Economic Development -- 1.2 Measurement of Economic Growth -- 1.3 The Distribution of Income and Poverty -- 1.4 International Income Comparisons -- 1.5 The Income Gap and Convergence -- 1.6 Composite Development Indicators -- Case Study 1: The Human Development Index: Kenya, Mexico and Canada -- Case Study 2: International Income Comparisons -- Case Study 3: Deflation of National Accounts -- 2 Economic Growth and its Determinants -- 2.1 Production Function Models -- 2.2 The Nature of Technical Change -- 2.3 Empirical Evidence and Policy Conclusions -- 2.4 Macroeconomic Growth Models -- 2.5 Neoclassical Growth and the Stylized Facts of Economic Growth -- 2.6 Endogenous Growth -- 2.7 Convergence Once Again -- Case Study 4: International Convergence of Income Levels -- Case Study 5: Sources of Growth in Kenya's Manufacturing Sector -- 3 Financing Economic Growth from Domestic Sources -- 3.1 Policies to Accelerate Economic Growth -- 3.2 Increasing Savings -- 3.3 Fiscal Policy and Tax Reform -- 3.4 Financial Intermediation and Policy Reform -- 3.5 Inflation and Monetary Policy -- Case Study 6: Tax Reform in Indonesia -- Case Study 7: Financial Repression and Liberalization in Chile -- 4 Financing Economic Growth from External Sources -- 4.1 The Dual Role of Foreign Saving and the Two-gap Model -- 4.2 Empirical Evidence and Testing of the Two-gap Model -- 4.3 Official Development Assistance (ODA) -- 4.4 Foreign Investment -- 4.5 Foreign Borrowing and the Debt Problem -- Case Study 8: The Brazilian Debt Crisis -- Case Study 9: Constraints to Economic Growth in Kenya: The Two-Gap Model -- 5 International Trade and Development.

5.1 Comparative Advantage and the Gains from Trade -- 5.2 Arguments in Favour of Trade Restrictions -- 5.3 Inward-oriented Trade Regimes -- 5.4 Trade Liberalization and Outward Orientation -- 5.5 Analysis of Trade Policy Reforms -- 5.6 International Trade Agreements -- Case Study 10: Trade Policy Reform in Senegal: 1986-1990 -- Case Study 11: Changing Sources of Growth in the Mexican Manufacturing Sector -- 6 External Balance and the Exchange Rate -- 6.1 Review of the External Account -- 6.2 Exchange Rate Regimes and Policies -- 6.3 Policies for External Balance -- 6.4 The Real Exchange Rate as a Tool of Analysis -- 6.5 Currency Devaluation and its Consequences -- 6.6 The Dutch Disease Syndrome -- Case Study 12: Protection, Sector Bias and the Exchange Rate in Mexico's Trade Policy Reform -- 7 Regional Economic Integration and Monetary Union -- 7.1 The Stages of Regional Integration -- 7.2 Regionalism vs. Multilateralism -- 7.3 The Theory of Customs Unions -- 7.4 Regional Integration and Intra-Industry Trade -- 7.5 Monetary Union and Economic Integration -- 7.6 Regional Integration Attempts in less Developed Countries -- Case Study 13: Regional Integration in East Africa: The Case of Uganda -- Case Study 14: Monetary Union: The Case of the CFA Franc Zone -- 8 Stabilization, Structural Adjustment and the Role of the IMF -- 8.1 External Balance and Stabilization Policies -- 8.2 The Microeconomics of Structural Adjustment -- 8.3 The Effects of Structural Adjustment: Empirical Evidence -- 8.4 The Timing and Sequencing of Reforms -- 8.5 Social Impact and Transition Cost -- 8.6 The Role of the IMF in Structural Adjustment Programmes -- 8.7 Structural Adjustment in Sub-Saharan Africa in the 1980s -- Case Study 15: Structural Adjustment in Ghana -- 9 Cost-Benefit Analysis and Competitiveness -- 9.1 Approaches to Project and Industry Evaluation.

9.2 The Net Present Value (NPV) Method -- 9.3 Accounting for Resource Scarcities and Economic Objectives -- 9.4 Estimating Shadow Prices -- 9.5 Competitiveness and Comparative Advantage -- 9.6 Conclusion -- Case Study 16: Competitiveness and Comparative Advantage in Indian Manufacturing -- 10 Privatization and Public Sector Reform -- 10.1 Rationale and Problems of Government Ownership -- 10.2 The Experience of SOE Reforms in Developing Countries -- 10.3 The Cost-Benefit Approach to Analyzing SOE Divestiture -- 10.4 Privatization in Central and Eastern Europe (CEE) -- 10.5 Conclusion -- Case Study 17: Privatization of a Mexican Airline -- Index.

This innovative textbook focuses upon economic policy in the context of developing countries. The aim is to show how economic theory can be applied to the real and urgent challenges facing the developing world. Development Economics: A Policy Analysis Approach is ideal for undergraduate and introductory graduate courses.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.