Industrialization, Inequality and Economic Growth
Economists of the Twentieth Century Series
This important book reflects the exciting developments in the economic understanding of the Third World. Jeffrey Williamson argues that Third World analysts ignore economic history at their peril, and uses it to speak to the issues of the 1990s with fresh eloquence.
Economic knowledge of Third World development has undergone a transformation since the mid 1970s. Improvements in data, new theory and a revolution in policy, have, as a result, produced a dramatic evolution in development thinking. In this collection Professor Williamson presents a discussion of accumulation, inequality and growth from a historical perspective, but the agenda in each essay is explicitly moulded by the contemporary debate.
The book will appeal to economic historians, development analysts and practitioners concerned with economic growth in the Third World.
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What Reviewers Are Saying
`This is an impressive volume. . .' -- N. Crafts, Regional Studies `This book is a compilation of some excellent work. The book provides a good exploration and understanding of the various aspects of industrialization and economic growth that aims to analyze. . . . 19th century industrialization of Britain, America, and to some extent, Japan. . . . the reader should get sufficient information to obtain insight into industrialization and growth experience in general.' -- Meenakshi Pasupathy, Business and the Contemporary World `This book is one of "Economists of the Twentieth Century" series. The publisher notes: "This innovative series compromises specially invited collections of articles and papers by economists whose work has made an important contribution to economics in the late twentieth century". Williamson's work fits this description perfectly. The essays in this volume are of enormous benefit to the students and scholars of development economics and economic history.' -- Farhad Rassekh, Kyklos `The strength of Williamson's approach is that he uses standard economic theories and theorems to test what is presented elsewhere as anecdotal evidence or convention - al wisdom. This makes him more readworthy and convincing than others. Although the papers are also available elsewhere, reading the entire book gives an added perspective to the way to think about economic development. On page 181 he writes that "all economic interpretations of history are fiction, of course, but some fictions are better than others". Williamson's belong to the better ones.' -- Karsten Junius, Weltwirtschaftliches Archiv, Review of World Economics `The book is one of the Edward Elgar series Economists of the Twentieth Century and lives up to the publisher's claim that it represents some important and path-breaking research. Williamson has done an excellent job in bringing together his diverse contributions (many co-authored) over the past two decades.' -- Barbara Ingham, Economic Journal