Contemporary Economic Issues in Developing Countries

John Baffoe-Bonnie, Mohammed Khayum

• Publisher: Praeger
• Year: 2003
• Print ISBN: 9780275974541
• eBook ISBN: 9780313057007
• Edition: 1
• Topic: Economics
• Subtopic: Business General
• Index: Economics

Important lessons for policy makers are provided here as contributors evaluate the effectiveness of domestic economic policies and the recommendations of international organizations such as the World Bank regarding the economic development of developing countries. Challenges posed by debt problems, corruption, population dynamics, poverty, and the absence of adequate human and physical capital are highlighted. Contributors cast doubts on the conclusions of the prevailing theories of economic development with patterns of economic change over the course of the 20th century.

Their findings point out the issue of inadequate social capability as a critical factor in understanding the lack of economic development in many developing countries. They suggest that contemporary theorizing tends to pinpoint necessary but insufficient conditions for the successful implementation of development strategies in these countries.

Table of contents

• Contents
• Illustrations
• Preface
• Acknowledgments
• 1. Introduction
• 2. International Debt: Ten Lessons for the New Millennium
• 3. Population Dynamics and Food Production in Sub-Saharan Africa
• 4. Ongoing Fertility Transition in Sub-Saharan Africa
• 5. Poverty Estimates and Poverty-Reducing Strategies for the Developing Economy
• 6. Environmental Issues in Economic Growth: Application of an EQT Model for Developing Countries
• 7. Rent-seeking and Economic Growth in Developing Countries
• 8. Corruption Control in Developing Societies: Lessons from Public Choice
• 9. Fiscal and Monetary Policies for Economic Development
• 10. Why Structural Adjustment Failed in Africa
• 11. Openness and Economic Performance of Developing Countries
• 12. Government Spending, Human Capital, and Endogenous Growth in Developing Countries
• 13. Life-Cyle Consumption, Economic Development, and Planning Horizon in Developing Countries
• 14. Defense Spending and Economic Growth
• Index
• About the Editors and Contributors