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Part One: Development and Growth
1 Chapter 1. Patterns of Development
2 Chapter 2. Measuring Economic Growth and Development
3 Chapter 3. Economic Growth: Concepts and Patterns
4 Chapter 4. Theories of Economic Growth
5 Chapter 5. States and Markets
Part Two: Distribution and Human Resources
6 Chapter 6. Inequality and Poverty
7 Chapter 7. Population
8 Chapter 8. Education
9 Chapter 9. Health
Part Three: Saving, Investment, and Capital Flows
10 Chapter 10. Saving and Resource Mobilization
11 Chapter 11. Investment, Productivity, and Growth
12 Chapter 12. Fiscal Policy
13 Chapter 13. Financial Policy
14 Chapter 14. Foreign Aid
15 Chapter 15. Foreign Debt and Financial Crises
Part Four: Production and Trade
16 Chapter 16. Agriculture
17 Chapter 17. Primary Exports
18 Chapter 18. Industry
19 Chapter 19. Trade and Development
20 Chapter 20. Sustainable Development
21 Chapter 21. Managing an Open Economy

After reading the chapter, you ought to understand and be able to explain:

  1. The empirical patterns of industrialization associated with rising per capita income.
  2. The meaning and significance of backward and forward linkages.
  3. The strong association between industrialization and urbanization, with its attendant benefits and costs.
  4. The wide range of capital-labor ratios that characterize manufacturing and the factors that influence the choice of technology.
  5. The importance of economies of scale in manufacturing. 6. The pros and cons of promoting small-scale industry.

 

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