Diverse Paths of Economic Development

This book is designed as a core textbook for graduate students and advanced undergraduates of development economics. Richard Pomfret uses the theme of the diverse experiences of developing countries to illustrate the full range of topics conventionally studied in development economics courses - industrialization, agriculture, labour, trade policy, and others.;Too often "the Third World" or "developing countries" are grouped together as a single entity. In fact, the countries conventionally considered to form this group contain counties with widely divergent circumstances and prospects. The "newly industrialized countries" of South-East Asia have as much in common, if not more, with Western Europe as they do with the poverty stricken countries of sub-Saharan Africa. The problems faced by Latin American countries are very different from those of the Middle East or the Indian sub-Continent. Pomfret's extensive use of case studies from a wide variety of countries demonstrates these different paths of economic development and brings the subject alive for students.