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New Directions in Development Economics
The decade of the 1980s represented a notable deviation from the widespread and significant development advances of the previous 30 years. This was reflected in an extensive re-examination of the theoretical and empirical bases of development economics.
This major new book - written by a group of distinguished economists - provides the new directions needed for confronting the continuing challenge of development. Lance Taylor, Joseph Stiglitz and Amitava Dutt focus primarily on recent theoretical developments and highlight significant advances in several areas especially in new structuralist and new neoclassical approaches. Ajit Singh, Keith Griffin and Kenneth Jameson present a refreshing perspective on the recent experience of developing countries and the prospects of development in coming decades.
The main thesis of the book is that the 1980s represented a clear break in the development processes, but the 1990s and beyond hold the possibility of a viable re-direction of development and development economics.
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What Reviewers Are Saying
`The quality of the work is significantly higher than in the average conference volume. It should be noted, however, that the present book aims to be more than yet another contribution to that species. As the editor argues in his Introduction, which is actually a manifesto, the book is intended to give birth to a new paradigm or, in somewhat less grandiloquent terms, a new direction in economics: analytical political economy.' -- Heinz D. Kurz, The Manchester School `The book is very interesting and valuable for students, development economists, and for policymakers in less developed countries.' -- Marijana Bednas, Development and International Cooperation `. . . this volume provides a set of essays which is likely to appeal to both teachers and researchers in the subject.' -- David Sapsford, The Economic Journal