Equality, the Third World, and Economic Delusion
Equality, the Third World, and Economic Delusion

Author: Péter Tamás Bauer

Publisher: Harvard University Press

Published: 1981

Total Pages: 310

ISBN-13: 9780674259867

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Even in impoverished countries lacking material and human resources, P. T. Bauer argues, economic growth is possible under the right conditions. These include a certain amount of thrift and enterprise among the people, social mores and traditions which sustain them, and a firm but limited government which permits market forces to work. Challenging many views about development that are widely held, Bauer takes on squarely the notion that egalitarianism is an appropriate goal. He goes on to argue that the population explosion of less-developed countries has on the whole been a voluntary phenomenon and that each new generation has lived better than its forebears. He also critically examines the notion that the policies and practices of Western nations have been responsible for third world poverty. In a major chapter, he reviews the rationalizations for foreign aid and finds them weak; while in another he shows that powerful political clienteles have developed in the Western nations supporting the foreign aid process and probably benefiting more from it than the alleged recipients. Another chapter explores the link between the issue of Special Drawing Rights by the International Monetary Fund on the one hand and the aid process on the other. Throughout the book, Bauer carefully examines the evidence and the light it throws on the propositions of development. Although the results of his analysis contradict the conventional wisdom of development economics, anyone who is seriously concerned with the subject must take them into account.

The Corporation
The Corporation

Author: Michael Novak

Publisher: American Enterprise Institute

Published: 1981

Total Pages: 260

ISBN-13: 9780844722030

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This book discusses how theology and the American corporation as an institution are intertwined.

From Subsistence to Exchange and Other Essays
From Subsistence to Exchange and Other Essays

Author: Lord Peter Tamas Bauer

Publisher: Princeton University Press

Published: 2009-01-10

Total Pages: 169

ISBN-13: 1400824648

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Peter Bauer, a pioneer of development economics, is an incisive thinker whose work continues to influence fields from political science to history to anthropology. As Nobel Laureate Amartya Sen writes in the introduction to this book, "the originality, force, and extensive bearing of his writings have been quite astonishing." This collection of Bauer's essays reveals the full power and range of his thought as well as the central concern that underlies so much of his diverse work: the impact of people's conduct, their cultural institutions, and the policies of their governments on economic progress. The papers here cover pressing and controversial issues, including the process that transforms a subsistence economy into an exchange economy, the reputed correlation between poverty and population density, the alleged responsibility of the West for Third World poverty, the often counterproductive results of foreign aid, and the effects of egalitarian policies on individual freedoms. Bauer addresses these and other matters with clarity, verve, and wit, combining his deep understanding of economic theory and methodology with keen insights into human nature. The book is a penetrating account of how to develop a prosperous economy alongside a free and fair society and a stimulating introduction to the work of a man who has done so much to shape our modern understanding of developing economies and of the relationship of economics to the other social sciences. "This selection of essays will give readers a wonderful opportunity to learn about the rich world of cognizance and analysis erected by one of the great architects of political economy. I feel privileged to be able to offer this letter of invitation."--From the introduction by Amartya Sen, Nobel Laureate in economics

Turnaround
Turnaround

Author: Peter Blair Henry

Publisher: Basic Books

Published: 2013-03-12

Total Pages: 242

ISBN-13: 0465031919

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Thirty years ago, China seemed hopelessly mired in poverty, Mexico triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. Since then, these and other developing countries have turned themselves around, while First World nations, battered by crises, depend more than ever on sustained growth in emerging markets. In Turnaround, economist Peter Blair Henry argues that the secret to emerging countries' success (and ours) is discipline -- sustained commitment to a pragmatic growth strategy. With the global economy teetering on the brink, the stakes are higher than ever. And because stakes are so high for all nations, we need less polarization and more focus on facts to answer the fundamental question: which policy reforms, implemented under what circumstances, actually increase economic efficiency? Pushing past the tired debates, Henry shows that the stock market's forecasts of policy impact provide an important complement to traditional measures. Through examples ranging from the drastic income disparity between Barbados and his native Jamaica to the "catch up" economics of China and the taming of inflation in Latin America, Henry shows that in much of the emerging world the policy pendulum now swings toward prudence and self-control. With similar discipline and a dash of humility, he concludes, the First World may yet recover and create long-term prosperity for all its citizens. Bold, rational, and forward-looking, Turnaround offers vital lessons for developed and developing nations in search of stability and growth.

The Revolution in Development Economics
The Revolution in Development Economics

Author: James A. Dorn

Publisher: Cato Institute

Published: 1998

Total Pages: 378

ISBN-13: 9781882577552

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The collapse of communism and the statist model of development planning has led to a revolution in development economics.

Making of an African Giant
Making of an African Giant

Author: Dan Mou

Publisher: AuthorHouse

Published: 2015-10-16

Total Pages: 514

ISBN-13: 1496995813

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The performance of Nigeria has recently been vehemently criticized as not commensurate with her human and material potentialities. The hope that Nigeria is, by destiny, the African Giant appears to be fading. Some analysts, seeing this, have blamed it on the character defects of the leadership in Nigeria. They argue that because the leaders are predatory and corrupt, they have preoccupied themselves with their interests, which are primitive accumulation and luxurious lifestyles. Meanwhile, the rest of the citizens are suffering. This book argues that such character defects may indeed exist in some of Nigerian leaders. However, these are not the main reasons for their dismal performance regarding the welfare of the citizens. The main problem is that Nigerian leaders seem to have largely lost control over the state and its policies, which appear to have been captured by the dominant classes and groupslocal and international. Nigerias main problem is, therefore, a structural one. Nonetheless, the book concludesas the security, economic, political, and social crises intensifyNigerian leaders, even if it is simply for self-preservation, will be forced by the objective conditions to move against the interests of these dominant classes and groups. It is only then that Nigeria can realistically be restored to the possibility of becoming an African Giant.

Understanding Development
Understanding Development

Author: Paul Hopper

Publisher: Polity

Published: 2012-02-27

Total Pages: 345

ISBN-13: 0745638945

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"Drawing on a wide range of case studies from across the globe, this book explores such areas as: health and population growth, conflict and security, global inequality and poverty, fair trade and trade liberalization, gender and education, foreign aid and debt, and sustainability and the environment. This issues-driven text focuses on the debates that have generated the most interest and passion among practitioners and non-practitioners alike. Always attentive to the contested and plural nature of the field, it makes the case for a genuinely interdisciplinary approach which takes full account of the impact of globalization."--Publisher