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This textbook provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and current development issues. Grown out of twenty years' experience of teaching in the United States and Japan, its treatment is global, although the organizing principle is the East Asian development experience. Taking a comparative institutional analysis approach, it also outlines quantitative characteristics of Third World development in terms of population growth, natural resource depletion, capital accumulation, and technological change. Development Economics addresses one major question: Why has a small set of countries achieved a h...
A comprehensive and systematic account of the core topics in development economics, this book examines the reasons why a few countries have achieved a high level of affluence while the majority remain poor and stagnant. It represents an original combination of classical political economy, modern institutional theory, and current development issues, bound together through the East Asian development experience. This fully revised second edition also analyses some recent changes and newly emerged problems relevant to the global economy. - ;This textbook provides a comprehensive, systematic treatise on development economics, combining classical political economy, modern institutional theory, and...
A comprehensive and systematic account of the core topics in development economics. This book examines the reasons why a few countries have achieved a high level of affluence while the majority remain poor and stagnant. It represents an original combination of classical political economy, modern institutional theory, and current development issues, bound together through the East Asian development experience. This fully revised second edition also analyses some recent changes and newly emerged problems relevant to the global economy.
'How to combine the community, the market, and the state in the total economic system is probably the most important agenda for economists geared towards the reduction of poverty in developing economies'. - Professor Yujiro Hayami This volume brings together leading scholars from all around the world to examine and extend Professor Hayami's development model of 'community, market and state', and to pay tribute to his invaluable contribution to economics. The authors provide new empirical analysis with a clear focus on the role of the community in economic development, and its relations with agricultural markets, industrialization and the government, using primary data from major countries in Asia and Africa. This book is indispensable reading for all interested in development economics, government and market studies and international development studies.
This collection of essays by Ruttan and Hayami spans their long career in the economics of technical and institutional change. At both a theoretical and empirical level, their analysis of induced innovation provides a solid foundation for understanding how and why technologies and institutions evolve in response to factors that constrain them. Can Economic Growth Be Sustained? provides a sweeping explanation of this process. As scholars, Ruttan and Hayami's abilities and experiences complemented each other. Together, they had great success in working across contexts to integrate Western models of technological change and more holistic Asian perspectives on multi-factorial interaction. Their perspectives are wide ranging, covering large geographical areas and thoroughly examining the historical development of agriculture in the United States, Japan, and many other countries. This volume collects their most influential papers, from which much can be learned.
This study challenges the traditional image of peasants in developing economies as always passive to market forces. In this study of marketing upland crops in Indonesia the authors demonstrate active peasant participation and entrepreneurship in commercial and industrial activities. The peasant marketing system not only works as an effective bridge between farm producers and consumers but also produces significant employment and income in the rural sector. The Indonesian case suggests a genuine possibility of rural-based economic development in the third world.
Monograph expounding an economic theory hypothesis on the role of technological change in the development process in respect of agriculture - proposes an agricultural development model to explain agricultural productivity differences among countries, traces the role of science and technology in agriculture in the USA and Japan and covers technology transfer and its implications for agricultural policy. References and statistical tables.
The rice belt of Laguna Province, Philippines (popularly known as the heartland of the Green Revolution for its early adoption of modern rice varieties), has experienced dramatic economic and social changes in the last quarter of the twentieth century. Besides the major advances in new rice technology, four major forces have prompted change: increasing population pressure on limited land; implementation of land reform programs; developments in infrastructure such as irrigation and roads; and penetration of urban economic activities. A unique data set generated from many surveys during the period 1966-97 in a typical village in Laguna, as put together in this book, illustrates a pattern of socio-economic change shared by many irrigated rice areas in the Philippines as well as in other Asian economies.