ECONOMIC PROGRESS AND PROSPECTS IN THE THIRD WORLD: Lessons of Development Experience since 1945

Economic Progress and Prospects in the Third World combines an elegant and persuasive summary of development progress over the last 40 years with detailed case studies of two major developing countries, Nigeria and India.

Beginning with an overview of changes in development theory and practice since 1945, the book distinguishes three main phases: the 'Golden Age' of the 1950s and 1960s, the illusory debt-led growth of the 1970s, and the 'Lost Decade' of the 1980s. It explains how successes i...