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Leading Issues in Economic Development

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Title: Leading Issues in Economic Development
by Gerald M. Meier, James E. Rauch
ISBN: 0-19-511589-9
Publisher: Oxford University Press
Pub. Date: May, 2000
Format: Paperback
Volumes: 1
List Price(USD): $59.95
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Average Customer Rating: 4.67 (6 reviews)

Customer Reviews

Rating: 5
Summary: Good second step in development economics
Comment: This book is a very good introduction to development economics for those who have some background in economics. The book does assume some prior knowledge of concepts and terminology, as it seeks to address many of the main contemporary issues related to development. There is a definite bias of focus on Third World developing countries rather than transitional or developed countries.

The issues addressed include the more traditional ones (such as poverty reduction, trade policy, population issues, financing issues) coupled with some newer areas of debate (such as the specific role of women in development). Most interesting I found the section on industrial and technological progress, which follows from the classical eocnomics argument that there should be no indsutrial policy. As it is a compilation of arguments, it does not go terribly in depth in any of the subjects, but offers enough references for those who wish to do so.

For the introductory student of development, this is an essential compilation. For the more advanced student, this is great reference and the bibliography is a list of important works.

Rating: 5
Summary: Wonderful collection of articles
Comment: I found this book extremely useful for understanding development economics. It provides a variety of different approaches and theories with clear explanations from the editors. A great source that I recommend strongly.

Rating: 4
Summary: very useful introduction
Comment: I bought this book on the recommendation of a colleague who teaches development economics and uses the book himself. I am an economist by training, my background is on macroeconomics and international economic relations, and hence there was much that i recognized. One reason I wanted to learn more on development economics is that I am currently involved in work on EU Candidate Countries and economic transition issues. Although these countries are clearly not in the same category as less developed countries (although that phrase has become increasingly meaningless in itself as it covers so many very different countries), I think there could be fruitful cross-fertilization from reading a book on development economics. Certainly there would seem to be a number of issues where the candidate countries share some common ground at least, or where useful lessons could be learned from development economics (institution and capacity building and macroeconomic stabilization, for instance). The discussion on how development economics is different from other disciplines in economics (notably macro-economics) or adds value to it is of course as old as development economics itself. I found this book very useful as a broad and balanced introducion, and even though it sometimes covered familiar ground I think it often did so with a specific slant on LDCs that did add value for me, as did discussion of subjects not usually found in most economics books on social issues such as the role of women. I liked the listings of positive and negative arguments on a number of issues such as what has been achieved incpoverty reduction. I also liked the broad collection of seminal articles that you are unlikely to find elsewhere.

I found the articles and empirical research quoted not always of very recent date, and especially the latter bothered me. In several instances the texts quoted empirical findings from studies dating from the 70s or so. I do not find that very convincing; have there really been no more recent findings for the last 25 years? Also the lay-out of the text was not always very clear or attractive to the eye, and I think there is definite room for improvement there as well.

That said, this is still excellent value for money, and the book is certainly well worth to read for anybody interested in a good introduction on development economics.

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