The Challenge of Economic Development

The Challenge of Economic Development
Author: Norman L. Hicks
Publisher: Author House
Total Pages: 274
Release: 2011-05-31
Genre: Business & Economics
ISBN: 1456766317

This book provides a general overview of the challenges of economic development for the five billion people living in developing countries. While they constitute over 80 percent of the world's population, they account for only 40% of the world's output, and are home to 2.6 billion people living on less than $2.00 per day. Thinking on economic development has shifted over time. Early theories that stressed capital formation and a heavy reliance on the public sector proved inadequate. Gradually, economists began to see that development was a complex, multifaceted problem that combined economic issues with problems of poverty and income distribution, insititution building and governance. While there have been many failures, there have also been many successes. Countries such as China, Chile, Ghana, and Korea demonstrate that good policies and strong institutions can result in remarkable progress. However, many poor countries, particularly those in Africa continue to lag behind. Closing this gap remains a major challenge for the world, particularly as the growing population and output of developing countries accelerate tensions in such areas as trade, immigration and financial flows.

The Challenge of Economic Development

The Challenge of Economic Development
Author: Norman L. Hicks
Publisher: AuthorHouse
Total Pages: 274
Release: 2011
Genre: Developing countries
ISBN: 1456766325

This book provides a general overview of the challenges of economic development for the five billion people living in developing countries. While they constitute over 80 percent of the world's population, they account for only 40% of the world's output, and are home to 2.6 billion people living on less than $2.00 per day. Thinking on economic development has shifted over time. Early theories that stressed capital formation and a heavy reliance on the public sector proved inadequate. Gradually, economists began to see that development was a complex, multifaceted problem that combined economic issues with problems of poverty and income distribution, insititution building and governance. While there have been many failures, there have also been many successes. Countries such as China, Chile, Ghana, and Korea demonstrate that good policies and strong institutions can result in remarkable progress. However, many poor countries, particularly those in Africa continue to lag behind. Closing this gap remains a major challenge for the world, particularly as the growing population and output of developing countries accelerate tensions in such areas as trade, immigration and financial flows.

The Long Shadow of Informality

The Long Shadow of Informality
Author: Franziska Ohnsorge
Publisher: World Bank Publications
Total Pages: 397
Release: 2022-02-09
Genre: Business & Economics
ISBN: 1464817545

A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

The Challenge of Development in the Eighties Our Response

The Challenge of Development in the Eighties Our Response
Author: Anthony Jennings
Publisher: Elsevier
Total Pages: 135
Release: 2013-10-22
Genre: Business & Economics
ISBN: 1483161706

The Challenge of Development in the Eighties: Our Response attempts to understand the demands of developing countries in order to render the present world order more equitable and habitable for all. The mosaic of contributions collectively expresses various perspectives and potential support from developed countries to the most challenging and significant human challenge for the remainder of the twentieth century: creating the conditions that will provide for the accelerated and sustained economic development of the vast majority of the human population living in developing countries. The volume contains seven chapters in which representatives of different interest groups assess their own perspectives and motivations as well as their possible contributions to the range of development problems. Key topics discussed include the circumstances in which developing and developed countries have launched upon the negotiation, and implementation, of the text to guide governments during the 1980s; EC policy toward the developing countries; and the contribution of Christians in developed countries. This volume will be useful not only to professionals in education or government concerned with development, but also to the general public in their capacities as citizens, trade-unionists, business-persons and church-goers. This text—and reactions to it—thus provide a forum in which representatives of different interest groups assess their contribution to the development effort in the eighties.

Global Development and Poverty Reduction

Global Development and Poverty Reduction
Author: John-ren Chen
Publisher: Edward Elgar Publishing
Total Pages: 349
Release: 2005-01-01
Genre: Business & Economics
ISBN: 1845425537

Explores the various ways in which the institutions of the global economy might rise to the challenges posed by the twin goals of increasing the pace of global development and alleviating poverty. This book also provides a much-needed analysis of the successes and failures of international institutions in achieving these aims.

Understanding Development Economics

Understanding Development Economics
Author: Adam Fforde
Publisher: Routledge
Total Pages: 436
Release: 2014-01-03
Genre: Business & Economics
ISBN: 1134711433

Important parts of development practice, especially in key institutions such as the World Bank, are dominated by economists. In contrast, Development Studies is largely based upon multidisciplinary work in which anthropologists, human geographers, sociologists, and others play important roles. Hence, a tension has arisen between the claims made by Development Economics to be a scientific, measurable discipline prone to wide usage of mathematical modelling, and the more discursive, practice based approach favoured by Development Studies. The aim of this book is to show how the two disciplines have interacted, as well as how they differ. This is crucial in forming an understanding of development work, and to thinking about why policy recommendations can often lead to severe and continuing problems in developing countries. This book introduces Development Economics to those coming from two different but linked perspectives; economists and students of development who are not economists. In both explaining and critiquing Development Economics, the book is able to suggest the implications of these findings for Development Studies, and more broadly, for development policy and its outcomes.

The Challenge of Third World Development

The Challenge of Third World Development
Author: Howard Handelman
Publisher: Longman Publishing Group
Total Pages: 558
Release: 2011
Genre: Business & Economics
ISBN:

The Challenge of Third World Developmentexamines political, economic, and social change in countries in Africa, Asia, Latin America, and the Middle East. Exploring common issues and problems in these regions, this text helps students grasp the structural dynamics and human stories behind democratization, economic growth, poverty, global warming, ethnic conflict, women’s changing roles, and more. Accessibly written for students of political science, sociology, or anthropology,The Challenge of Third World Developmentimmerses readers in developing countries’ ongoing dilemmas, their global implications, and individual, national, and international responses.

Economic and Social Development of Bangladesh

Economic and Social Development of Bangladesh
Author: Yasuyuki Sawada
Publisher: Springer
Total Pages: 338
Release: 2017-11-21
Genre: Social Science
ISBN: 3319638386

This book discusses Bangladesh’s economic and social development that may be called a “miracle” since the country has achieved remarkable development progress under several unfavorable situations: weak governance and political instabilities, inequality, risks entailed in rapid urbanization, and exposure to severe disaster risks. The authors examine what led to this successful economic development, and the potential challenges that it presents, aiming to elicit effective policy interventions that can be adapted by other developing countries.