This book discusses the elements of development and inclusive growth from a critical perspective and provides a fresh view of the dynamic relationship between development, growth, equity, and poverty.
A result of decades of research and years of experience in policy formulation and implementation, the textbook lucidly elaborates upon the origin and progress of development revolution, the liberalist model, and the human development approach to inclusive growth.Key Features
• The change in nature of world capitalism and its implications for growth possibilities of the developing countries.
• The enlarged scope of globalization (essentially an international extension of capitalism) at the cost of the vital interests of the developing countries.
• The “behavioral economics revolution” involving introduction of psychology in economics, which challenges the assumption of rationality in economic thinking.