After six editions, covering a span of 35 years, this classic textbook has a new co-author who has been the principal reviser of this edition and will perpetuate all subsequent editions, Professor James E. Rauch of the University of California, San Diego. Development economics has always been an exciting field and a bit of a puzzle. Why, for example, in the two centuries after the industrial revolution are poverty and its attendant ills so prevalent in most of the world and what can be done about it? In writing about the ...
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After six editions, covering a span of 35 years, this classic textbook has a new co-author who has been the principal reviser of this edition and will perpetuate all subsequent editions, Professor James E. Rauch of the University of California, San Diego. Development economics has always been an exciting field and a bit of a puzzle. Why, for example, in the two centuries after the industrial revolution are poverty and its attendant ills so prevalent in most of the world and what can be done about it? In writing about the questions raised by development economics, Nobel Laureate Robert Lucas has said "Once one starts to think about them, it is hard to thing about anything else." This purpose of this seventh edition of Leading Issues in Econmic Development , as with previous editions, is to convey the excitement of the field and to motivate readers with a new awareness of what is one of the most dynamic, compelling, and engaging aspects of academic and professional economics. How does the book provide this motivation for students? Given the breadth of the field, in which scholars may, with equal justification, write quite different texts on the subject, Rauch and Meier gather the most insightful readings from this wide ranging field and then bring them into conceptual order. In this way they allow for both a variety of perspectives, while keeping in sight the most overarching themes. The introductory section "Using the Book" describes the authors' strategy in combining excerpted readings (selections) with their own Overviews, Notes, Comments, and Exhibits. In the new edition, there are two new chapters: "Income Distribution" and "Development and the Environment." Other chapters in the sixth edition have been consolidated. Most of the notes and the selections are new to the seventh edition, although usually conceptually ordered as in previous editions. Also, selection of articles from leading professional journals has increased and make greater use of statistical analysis. An Appendix, "How to Read a Regression Table," is included to insure that quantitative selections are more easily accessible to readers. In general this edition maintains classic themes established over the last 35 years, while strengthening analytical and quantitative dimensions and pointing to contemporary and future problems of development policy making. The intention is to provide serious attention to the interplay among development experience, changing views of economists, and policy.
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