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Economic Progress and Prospects in the Third World

Lessons of Development Experience Since 1945

By (author) H. W. Singer, Sumit Roy
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 29th Mar 1993
Dimensions: w 156mm h 234mm d 20mm
Weight: 443g
ISBN-10: 1852786493
ISBN-13: 9781852786496
Barcode No: 9781852786496
"Economic progress and Prospects in the Third World' combines a summary of development progress over the last 40 years with detailed case studies of two major developing countries, Nigeria and India. Beginning with an overview of changes in development theory and practice since 1945, the book distinguishes three main phases: the "golden age" of the 1950s and 1960s, the illusionary debt-led growth of the 1970s and the 'lost decade" of the 1980s. It explains how successes in some of the earlier phases led to difficulties later on. The authors then describe the specific ways in which these changes have affected two nations: India, a closed economy, and Nigeria, an open economy. In conclusion, they draw on the lessons of global and domestic development for a discussion of prospects for the 1990s.

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