Development in the Third World: From Policy Failure to Policy Reform

Description

This book is a study of Third World economic development and the factors which have made development so elusive. It discusses the policy reform necessary to spur development as well as the relationship between development theory and policy. The author argues that the key to successful development policy is through reduced state intervention, and that to the extent state intervention is necessary, it should be through rather than against the market mechanism. Cover Half Title Title Copyright Dedication Contents List of Tables Foreword Preface 1. Development Theory and Third World Development Policy • Postwar Conceptualizations of Development • Development Planning • Public Enterprises • Development Management • A Critical Assessment • Concluding Remarks 2. Tax Policy and Savings Mobilization • Tax Policy and Development • Savings Mobilization • Concluding Remarks 3. Foreign Aid and Foreign Debt • Foreign Aid and the Development Process • The Foreign Debt Problem • Concluding Remarks 4. Urbanization and the Urban Bias • Current Trends in Third World Urbanization • Components of Urbanization • Consequences of Urbanization • Some Policies to Manage Rapid Urbanization • Concluding Remarks 5. The Growth and Impact of the Subterranean Sector • The Nature of the Subterranean Sector in the Third World • Primary Benefits of the Subterranean Sector • Some Disadvantages of the Subterranean Sector • Policy Conclusions • Concluding Remarks 6. Bureaucratic Corruption and the Administrative Reform Imperative • What Is Bureaucratic Corruption? • Factors Contributing to Bureaucratic Corruption in the Third World • The Dysfunctional Effects of Bureaucratic Corruption in the Third World • The Administrative Reform Imperative • Concluding Remarks 7. Can the Third World Develop? An Optimistic Viewpoint • Toward a Modified Policy Framework for Third World Development • Concluding Remarks 8. Policy Reform and Governance: Concluding Comments Select Bibliography Index About the Author