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The Political Economy of Poverty, Equity and Growth: A Comparative Study
Deepak Lal and H. Myint
476 pages
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line figures, tables
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234x156mm
978-0-19-829432-0
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Paperback
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08 October 1998
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This item is printed to order. Items which are printed to order are normally despatched and charged within 5-10 days.
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- Culmination and synthesis of an international study commissioned by the World Bank
- Combines in-depth case studies with an innovative framework of comaparative analysis
- Nominated as an 'outstanding academic book' by Choice in 1997.
- 'The authors cover a wide range of models and theoretical discussions ... an excellent source of information about post-war development in the Third World.'
- Journal of Development Studies
- 'Essential reading for every serious analyst of development ... packed with thought-provoking ideas, evidence and discussion'
- Development Policy Review
This wide-ranging and innovative book synthesises the findings of a major international study of the political economy of poverty, equity, and growth. It is based primarily on analytical economic histories of 21 developing countries from 1950 to 1985, but also takes account of the wider literature on the subject. The authors take an ambitious interdisciplinary approach to identify patterns in the interplay of initial conditions, instiuttions, interests, and ideas which can help to explain the different growth and poverty alleviation outcomes in the Third World.
Three different types of poverty are distinguished, based on their causes, and a more nebulous idea of
equityin contrast to egalitarianismis shown to have influenced policy. Since growth is found to be the major means of alleviating mass structural poverty, much of the book is concerned with discovering explanations for policies which are found to be the most important influences on the proximate causes of growth. Lal and Mynt also consider the available evidence on the role of direct transferspublic and privatein alleviating destitution and conjunctural poverty.
The Political Economy of Poverty, Equity, and Growth develops a novel framework for the comparative analysis of different growth outcomes. This framework distinguishes between the different relative factor endowments of land, labour, and capital, and between the different organizational structures of pesent
versus plantation and mining economies. It also differentiates between the polities of 'autonomous' and 'factional' states in the countries studied, breaking the analysis down into further typological subdivisions and providing important new insights into the differing behaviour of economies that are rich in natural resources and those with abundant labour. These insights constitute a richer explanation for the divergent developmental outcomes in East Asia compared with Latin America and Africa.
The evidence collated is used to argue for the continuing relevance of the classical liberal viewpoint on public policies for development, and to show why, even so, nationalist ideologies are likely to be adopted and lead to cycles of interventionism and liberalism. The
evidence is also used to provide an explanation for the surprising current worldwide Age of Reform.Readership: Academics and graduate students of development economicsand international development policies; all those involved in fashioning, influencing, and implementing policies for growth and poverty alleviation in the Third World.
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Deepak Lal, James S. Coleman Professor of International Development Studies, University of California, Los Angeles, and H. Myint, Emeritus Professor of Economics, London School of Economics
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"I believe the book to be essential reading for every serious analyst of development ... it is packed with thought-provoking ideas, evidence and discussion." - Development Policy Review
"The insights gained constitute a richer explanation for the divergent development outcomes in East Asia compared with Latin America and Africa." - Oxfam: Review of Journals
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Introduction
1: Poverty, Equity, and Growth
2: Aggregate Growth Outcomes
3: Country Profiles
4: The Role of Institutions and Organizations
5: Instability and Growth
6: The Polity and Economic Performance
7: Ideas, Ideology, and Economic Policy
8: Perspective on Economic Policy
9: Income Transfers and Poverty Redressal
10: On Fostering Poverty: Redressing Growth
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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