New direction for economic development

Author: Mats Lundahl
Publisher:
Publish Date: 2001-01-01
Features: The content of this book discusses two broad themes: partly focusing on economic growth (or lack thereof) in developing countries, and the second part discusses the role governments must play in promoting economic development. The authors of this book are experts on economic development issues from four continents, which makes the content of the book highly representative when discussing the challenges and prospects of growth. Additionally, the book discusses the environmental costs of growth. Throughout, the authors emphasize that to successfully achieve genuine growth, not just an increase in economic indicators, investments in human capital and the environment are necessary. Although free-market economic policies are increasingly dominant in developing countries, the government still plays a crucial role in economic development. The second part of the book provides a theoretical background on the relationship between government and the market, and focuses on practical issues such as the role of encouraging foreign investment and non-governmental organizations in democratic participation during the development process. The book also provides readers interested in current theoretical debates with the necessary framework, as it reflects the general trend of thinking and identifying existing problems and their solutions. The authors also outline some policy recommendations that Northern and Southern country decision-makers should consider, rather than simply pointing out the dilemmas faced by developing countries.