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Why Developing Countries Fail to Develop : International Economic Framework and Economic Subordination - Purushottam Narayan Mathur

Why Developing Countries Fail to Develop

International Economic Framework and Economic Subordination

Hardcover Published: 31st May 1991
ISBN: 9780333476345
Number Of Pages: 303

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Recent debt crises and consequent dislocations and distress in the under-developed world have shown that development strategies of last forty years were misconceived. No under-developed country during this peroid could become an industrially advanced country, inspite of a big development industry orchestrated by World Bank. This results from the fact that main-stream economic theory ignores international and national constraints and their interactions with the dynamics of technological transformation. These constraints distort relative prices in underdeveloped countries and make their balanced self sustaining development economically non-feasible. This book develops a completely articulated theory of economic interconnections to deal with under-developed country's situation.

List of Tables - List of Figures - Acknowledgements - Introduction - PART 1: THE CENTRAL ARGUMENT - The Development Dilemma - PART 2: DEVELOPMENT THEORY AND EXPERIENCE - Meta-Economics - A Synoptic View of Economic Historical States in Theoretical Perspective: Pre-Industrial Revolution - A Synoptic View of Industrial Revolution in Theoretical Perspective - Different Types of Developing Countries - PART 3: INTERNATIONAL FRAMEWORK FOR NATIONAL ECONOMIES - Determination of International Commodity Prices - Commodity Price Shocks and World Economies - Changing Export Income and Developing Country's Economy: A Diagrammatic Representation - PART 4: MACROECONOMICS OF DEVELOPING COUNTRIES - Macroeconomics of Economic Subordination and Drain - Wage Goods Constraint for Employment and Development - Violations of Macro Constraints and Inflation: Different Types of Demand Pull and Cost Pull: Indian Illustrations - PART 5: MICROECONOMICS OF DEVELOPING COUNTRIES - Role of Scarcity Value and Market Price - Implications of Adopting Modern Technology - Economics of Technology Transfer - PART 6: STRATEGIES FOR DEVELOPMENT - The Role of Subsidies and Import Controls in Modernising Low Income Countries - Partnership in Development? - Foreign Exchange Constrained Developing Economies - Why International Price Structures Differ - Notes - Index

ISBN: 9780333476345
ISBN-10: 0333476344
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 303
Published: 31st May 1991
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 2.24
Weight (kg): 0.56
Edition Number: 1