PART 1 INTRODUCTION BASIC ISSUES 1
Chapter 1 What is development economics? 3
The Setting 4
Development Issues 9
Development Theories 14
Summary 25
Key Terms 25
Chapter 2 Measurement of Levels, Growth. and Change 26
Income level Income Level 26
ICP: international comparisons project 29
Human Development 30
Economic Growth 34
Case study: Computing the Growth rate for Cameroons 37
Structural Change 39
Cross-section versus time series data 43
Exercise 47
Summary 48
Key Terms 48
Chapter3 Inequality 49
Theoretical Basis 50
Measures of inequality 52
Growth Versus Equality 55
Policies for Equality Poverty REduction 64
The poverty problem 65
Providing basic needs 69
Case Study:General food subsidy in Egypt Summary 73
Key Terms 73
Chapter4 Population 74
Importance for Development 74
Population Versus Resources 75
Population Growth 79
Demographic transition Demographic transition 80
Explaining Fertility Rates 82
Effect of market failures 85
Crucial role of women 87
Case Study:Indonesia’s family planning Program 88
Summary 90
key Terms 90
PART Ⅱ CROWTHEORY 91
Chapter 5 Classical growth models 95
Ricardian growth 95
The Lewis model 97
Critique 100
Key Terms 104
summary 104
Chapter 6 Modern growth models 105
Modern Growth 105
Harrod-Domar model 106
Critique 107
Two-Gap model 109
Solow Growth model 110
Critique 113
GRowth accounting 113
Recent neoclassical growth theory 115
Endogenous Growth Models 117
Summary 119
Key Terms 119
Accumulation of capital 120
PART Ⅲ INGREDIENTS FORGROWTH 121
The role of capital 123
Measurement 124
Allocation of capital 127
Project evaluation 128
Foreign capital 130
The global capital market 135
Domestic sources 137
Determinants of private saving 138
Finacial intermediation 141
Case study: Bangladesh's Grameen Bank 143
Summary 145
key TErms 145
Chapter 8 Human Capital 146
Demand side : The Human capital model 146
Refinements to the Human Capital model 148
Critique 152
Case study : Education an Growth in BRazilian Stales 154
Supply' side: Institutions of education 157
Financing education 160
Knowledge in the global context 162
Summary 163
key Terms 164
Chapter 9 Labor and Employment 165
Dual labor market 168
Urban labor market problems 171
High wage in the organized sector 172
Government employment 173
Low job creation by industry 176
Case Study : The role of labor in East Asia's growth 178
key Terms 180
Summary 180
Chapter 10 Technology 181
Defining technical change 181
Product innovations 182
Production processes 183
Implementation of improved technology 189
Choice of technique 189
Accelerating technical advance 191
Globalization of Technology 194
Case Study：Technology transfer through MNC in India 195
Summar 197
Key Terms 197
PART Ⅳ TRADE AND DEVELOPMENT 199
Chapter 11 International Trade 201
Measuring openness 201
Trade theory versus deveiopment theory 201
Historical ideas about trade and growth 203
Standard trade theory 205
Ricardian mode 207
Heckscher-Ohlin model 208
Modern trade theory 211
Facts of trade and growth 212
Summary 216
key Terms 216
Chapter 12 Trade Strategy 217
IMport Policy 217
Trade Policy instruments 220
Trade liberalization 224
Export Promotion Policy 227
Expanding export revenues 227
Growth stimulus from exporting 228
Case study :Export Processing zone in Mauritius 230
Trade and Growth empirical studies 237
The Global trading environment 238
The Uruguay Round of GATT talk5 239
Summary 243
key Terms 243
PARTV POLICY ISSUES 245
Chapter 13 Theory of PoliCy 247
Applied welfare analysis 248
Benefit cost analysis 249
Critique 251
Political Economy 254
Defining the state 256
Rent seeking 258
Case study state versus the infornal sector in Peru 259
Summary 261
Key Terms 261
Chapter 14 Agriculture 262
The importance of agriculture 262
Industry-Agriculture interactions 263
Agriculture as a source of resources 263
Microeconomic perspectives 266
The agricultural price system 266
The farm household model 269
Risk and credit 271
Institational arrangements 272
Agricultural Productivity Technology in agriculture 275
Case study: Technical success in African agriculture 276
Choice of technique 278
Poverty issues 280
Famine 281
Summary 283
Key Terms 283
Chapter 15 Industry 284
Industrial policy 285
Technical progress in industry 286
Input-output analysis 289
Linkages 290
Case study Industrial Linkages in ASEAN 293
Industrial organization 296
Summary 297
Key Terms 297
Chapter 16 Macroeconomics 298
Open-economy macro theory 299
Anatomy of the crisis 301
Real exchange rate 302
Inflation 306
Debt crisis 310
The IMF role 313
Criticism of IMF policy 313
Case study: HeterodoxStablization fails in Peru 315
Fiscal Policy 317
Government expenditure 318
Tax revenues 320
Summary 322
Key Terms 322
References 323