Transcription of Socio-Economic Development
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Socio-Economic Development
Socio-Economic DevelopmentWhy are poor countries poor and rich countries rich? How are wealth and poverty related tochanges in health, life expectancy, education, population growth and politics? This non-technical introduction to Development studies explores the dynamics of socio -economicdevelopment and stagnation in developing countries. Thoroughly updated and revised, thissecond edition includes new material on the effects of the 2008financial crisis, theemergence of the BRICS economies, the role of institutions in Development and theaccelerated growth of economies in Africa and Asia.
Rostow’s theory of the stages of economic growth 87 3.4.2. Kuznets’ preconditions for industrialisation 89 3.4.3. Neoclassical theories of growth 90 3.4.4. Growth accounting 92 3.4.5. New growth theory 93 3.4.6. North and Thomas: efficient institutions 94 3.4.7. Myrdal: institutional reforms 95
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