
Development Economics
Yujiro Hayami(Author)
Oxford University Press
2nd Edition
Published on 1. March 2001
Book
Paperback/Softback
410 pages
978-0-19-924397-6 (ISBN)
Description
This textbook provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues. It has grown out of thirty years' experience of teaching undergraduate and postgraduate students in the United States, Japan and other parts of Asia. The treatment is global, although the organizing principle is the East Asian development experience. Quantitative characteristics of Third World development in terms of population growth, natural resource depletion, capital accumulation, and technological change are outlined; but the central approach is comparative institutional analysis. "Development Economics" addresses one major question: Why has a small set of countries achieved a high level of affluence while the majority remain poor and stagnant? Why, in turn, has the number of developing economies set on the track of closing their productivity gap with advance economies been so limited?
One obvious factor underlying this global divergence is unevenness in the ability to adopt and develop advanced technology, due in large measure to the difficulty experienced by low-income economies in preparing appropriate institutions for borrowing advanced technology given their social and cultural constraints. The major task of this volume is to explore the nature of these binding constraints, with the aim of identifying the means to remove them. Comparisons are made with countries where the constraints have been successfully lifted---most notably Japan and East Asian NIEs. This fully revised and updated second edition also incorporates analyses of several recent changes and newly emerged problems relevant to the global economy: the 1997-98 financial crisis in East Asia, the Kyoto Protocol signed in 1997 at the Third Conference of Parties for the United Nations Framework Convention on Climate Change, and the deceleration in growth of agricultural productivity in Asia. Exploration of these issues provides important lessons on how to sustain economic growth based on technology borrowing.
One obvious factor underlying this global divergence is unevenness in the ability to adopt and develop advanced technology, due in large measure to the difficulty experienced by low-income economies in preparing appropriate institutions for borrowing advanced technology given their social and cultural constraints. The major task of this volume is to explore the nature of these binding constraints, with the aim of identifying the means to remove them. Comparisons are made with countries where the constraints have been successfully lifted---most notably Japan and East Asian NIEs. This fully revised and updated second edition also incorporates analyses of several recent changes and newly emerged problems relevant to the global economy: the 1997-98 financial crisis in East Asia, the Kyoto Protocol signed in 1997 at the Third Conference of Parties for the United Nations Framework Convention on Climate Change, and the deceleration in growth of agricultural productivity in Asia. Exploration of these issues provides important lessons on how to sustain economic growth based on technology borrowing.
More details
Edition
2nd Revised edition
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
numerous tables
ISBN-13
978-0-19-924397-6 (9780199243976)
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Schweitzer Classification
Other editions
Additional editions

E-Book
02/2001
1st Edition
Oxford University Press
€43.30
Available for download
Previous edition
Yujiro Hayami
Development Economics
Book
09/1998
Clarendon Press
€21.03
Article exhausted; check for reprint
Content
1. A Theoretical Framework for Economic Development; 2. A Comparative Perspective on Developing Economies; 3. Population Growth and the Constraint of Natural Resources; 4. Breaking the Resource Constraint; 5. Capital Accumulation in Economic Development; 6. Patterns and Sources of Technological Progress; 7. Income Distribution and Environmental Problems; 8. Market and State; 9. The Role of Community in Economic Modernization; 10. Tradition and Modernization: A Concluding Remark