Developing countries in severe economic and political difficulties are being bombarded from all quarters with free-market 'solutions'. How far should they accept these solutions?
Views on how to bring about economic devlopment have undergone a marked change in recent years with influential economists (Johnson, Bauer, Lal, Little and Balassa) creating a veritable counter-revolution in theory and policy for developing countries. They highlight the failure of development planning, the need to liberalize most restrictions on merkets and insist that governments have failed to intervene with good effect in the process of economic change.
The counter-revolution is now having a powerful impact on Western governemnts. Dilemmas of Development attempts to separate out the elements of common sense in this new appraoch to development policy from some of its more ideological extravagances. It is written in a non-technical style.
About the Author
John Toye is Director of the Institute of Developmental Studies at the University of Sussex. He was educated at Cambridge, Harvard and London, and was formerly Assistant Director of Development Studies at the University of Cambridge (1972-1980) and Director of the Centre for Development Studies and Professor of Development Policy and Planning at University Collge, Swansea (1982-1987). His publications include Public Expenditure and Indian Development Policy 1960-70 and Aid Effectiveness in India (co-author).
Table of Contents
1. Is the Third World Still There?.
2. Development Policy in the Shadow of Keynes.
3. Bauer's Dissent and the new Vision of Growth.
4. The counter-Revolution Arrives: Lal, Little and Balassa.
5. Left Without Dialectics.
6. The New Political Economy applied to India's Development.
7. The counter-Revolution in Aid and Trade Policy.