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The elusive quest for growth economists' adventures and misadventures in the tropics

By: Material type: TextTextPublication details: Cambridge MIT Press 2001Description: xiii, 342 p. : ill. ; 24 cmISBN:
  • 9780262550420
Subject(s): DDC classification:
  • 338.9EAS
Summary: Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.
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Item type Current library Call number Status Barcode
Book Book UONGOZI Institute Resources Centre - Dar es Salaam 338.9EAS (Browse shelf(Opens below)) Available 001943

Includes bibliographical references (p. [313]-333) and index.

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.

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