Socio-Economic Development
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Socio-Economic Development

Adam Szirmai

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Socio-Economic Development

Adam Szirmai

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About This Book

Why are poor countries poor and rich countries rich? How are wealth and poverty related to changes in health, life expectancy, education, population growth and politics? This non-technical introduction to development studies explores the dynamics of socio-economic development and stagnation in developing countries. Thoroughly updated and revised, this second edition includes new material on the effects of the 2008 financial crisis, the emergence of the BRICS economies, the role of institutions in development and the accelerated growth of economies in Africa and Asia. Taking a comparative approach, Szirmai places contemporary debates within their broader contexts and combines insights and theories from economics, economic history, political science, anthropology and sociology. Each chapter includes comparative statistics and time series for thirty-one developing countries. Assuming no prior knowledge of economics, this book is well-suited for students in interdisciplinary development studies and development economics, for policy-makers and for practitioners pursuing careers in developing countries. Visit www.dynamicsofdevelopment.com for additional resources.

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Information

Year
2015
ISBN
9781316236406
Economic
growth
provides
the
resources
which
can
potentially
be
invested
in
develop-
ment:
better
health,
better
education,
reduction
of
poverty,
reduced
inequality
and
environ-
mental
sustainability.
Growth
can
be
transformed
into
the
socio-economic
outcomes
which
are
represented
in
the
bottom
box
of
Figure
1.1
.
Whether
the
development
potential
of
growth
of
productive
capacity
is
realised
depends
on
the
nature
and
effectiveness
of
socio-
economic
policies
and
the
underlying
ultimate
characteristics
of
a
society.
In
turn
better
health,
high
levels
of
education
and
lower
levels
of
poverty
feed
back
into
the
proximate
sources
of
economic
growth
in
the
form
of
human
capital.
Intermediate 
Sources 
of 
Growth 
and 
development

Economic, 
technological 
and 
social 
policies

Trends 
in 
demand
Ultimate 
Sources 
of 
Growth 
and 
Development

Geographic 
conditions

Demographic 
characteristics

Political, 
economic 
and 
social 
institutions 

Culture 
and 
attitudes 

Class 
and 
power 
relationships 

Historical 
shocks 

Long-run 
developments 
in 
science 
and 
technology

Distance 
to 
technological 
frontier
Socio-Economic 
Outcomes

Health

Education

Consumption

Welfare

Income 
distribution

Changes 
in 
poverty

Environmental 
sustainability
Proximate 
Sources 
of 
Growth
Economic 
Actors
O 
= 
f 
[(K, 
L, 
R)
e
] 
+ 
a 
+ 
t
Figure
1.1
Framework
of
proximate,
intermediate
and
ultimate
sources
of
growth
and
development
38
Socio-Economic
Development

Table of contents