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Economics of Development
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Economics of Development
Toward Inclusive Growth

Second Edition
  • Syed Nawab Haider Naqvi - HEC Distinguished National Professor, Federal Urdu University of Arts, Science and Technology, Islamabad.

July 2019 | 280 pages | SAGE Publications Pvt. Ltd

The second, revised and updated, edition of Economics of Development: Toward Inclusive Growth continues to focus on the argument that rather than concentrating on growth, income distribution, and poverty reduction separately, the basic objective of development policies should be to achieve inclusive growth. This book looks at the issues of development in comparative light, and investigates and analyzes successful and unsuccessful policies implemented by developing economies.

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. 

 
Preface to the Second Edition
 
Preface to the First Edition
 
Acknowledgements
 
PART I: SPREADING OUT THE WINGS
 
Rival Perspectives on Development Policies; Inclusive Growth Since 1950: A Preview
 
Development Experience
 
PART II: ANATOMY OF DEVELOPMENT REVOLUTION
 
The Development Revolution Revisited: Was It Real?
 
The Mainsprings of Development Revolution
 
Development Revolution: Was It Open or Closed?
 
Development Revolution and Pursuit of Inclusive Growth
 
PART III: THE LIBERALIST UTOPIA
 
The Neo-Liberalist Disorder
 
The Chemistry of Neo-Liberalism
 
Liberalist Moral-Rights Philosophy and Its Economic Agenda
 
Liberalism’s (Non) Pursuit of Inclusive Growth
 
PART IV: ROLLING BACK THE LIBERALIST TIDE
 
Theoretical Challenges to Liberalism
 
The Downside of Privatization
 
Structural Adjustment Programs Have Not Helped
 
Part V: THE HUMAN DEVELOPMENT INITIATIVE
 
Human Development Paradigm
 
The Human Development-Led Strategy
 
Choice between Human Development-Led Strategy and Growth-Mediated Strategy
 
The Human Development Paradigm: Some Distinguishing Characteristics
 
The Moral Basis of Human Development Program
 
PART VI: TOWARD INCLUSIVE GROWTH STRATEGY
 
Outlines of the Proposed Inclusive Growth Strategy
 
Basic Relationships between Growth, Equity, and Poverty and Inclusive Growth
 
The Moral Motivation of the Inclusive Growth Strategy
 
Behavioral Economics, Welfare State, and Inclusive Growth
 
Holding Mirror to “Reality”
 
Bibliography
 
Index
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.

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Paperback
ISBN: 9789353282950
$40.00