DEVELOPMENT ECONOMICS

DEVELOPMENT ECONOMICS

Authors : H L Ahuja

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About the Author

H L Ahuja :-
A distinguished academician, is a distinction holder in MA Economics. He was the recipient of McConnel Levin prize from Punjab University for his paper "Investment Criteria in Development Planning". He continued his academic pursuit and received his doctorate from Delhi University in 1982 for his thesis ';Development Strategy for a Labour Surplus Economy'.
An eminent professor, Dr Ahuja has taught Advanced Economic Theory (Micro and Macro), Development Economics and Problems of Indian Economy to postgraduate students at the Kurukshetra University. He subsequently taught at Zakir Husain Delhi College, Delhi University, where he taught Micro and Macro Economic Theories, Development Policy and Indian Economy. He was a member of the Academic Council of Delhi University for a period of five years (1987-92). A prolific writer, Dr Ahuja has more than a dozen books to his credit.
 

About the Book

 
Development Economics, deals with the problems of economic growth, development and eradication of poverty and unemployment. Recently, the issue of environment and sustainable development has gained worldwide prominence. It describes and explains the models and theories of economic growth and development also critically evaluates them and shows to what extent they are relevant to the poor developing countries.
 

Key Features

• Specially aligned according to the model curriculum of UGC

• An analytical and critical evaluation of the important growth models and theories of economic growth

• Important economic concepts and propositions are presented in mathematical form

 

Table of Content

 
PART-I: DEVELOPMENT AND UNDERDEVELOPMENT
• Economic Growth and Development • Alternative Measures of Development and Human Development Index (HDI) • Underdevelopment and Development GAP • Common Characteristics of Developing Countries • Perpetuation of Underdevelopment and Obstacles to Economic Development

PART-II: FACTORS IN ECONOMIC DEVELOPMENT
• Factors Determining Economic Growth: An Overview • Capital Formation: Determinants and Acceleration • Technological Progress and Economic Development • Technological Progress: Neutral, Capital-Using and Labour-Saving • Human Resource Development: Education and Economic Growth • Human Resource Development: Health and Nutrition • Population and Economic Development: Theory of Demographic Transition and Fertility • Population Growth: How it affects Economic Development, Poverty and Environment • Demographic Transition in India

PART-III: MODERN THEORIES AND MODELS OF ECONOMIC GROWTH
• Harrod-Domar Model of Economic Growth • Neoclassical Theory of Growth: Solow Model • Meade's Neoclassical Model of Economic Growth • Joan Robinson's Model of Growth • New Theory of Economic Growth (Endogenous Growth Models)

PART-IV: THEORIES OF ECONOMIC DEVELOPMENT: CLASSICAL, MARX, SCHUMPETER
• Classical Theories of Economic Development: Adam Smith and Ricardo • Malthus's Theory of Economic Development • Marx's Theory of Capitalist Development • Schumpeter's Theory of Development

PART-V: VARIOUS APPROACHES AND STRATEGIES OF DEVELOPMENT
• Lewis's Model of Development with Unlimited Labour Supply • ';Big Push' Strategy of Economic Development: Rosenstein-Rodan Approach • Balanced and Unbalanced Growth Strategies • ';Critical Minimum Effort' Theory and Strategy • Dualism and Development: Boeke's Social Dualism • Dualism and Development: Technological Dualism • Mahalanobis Growth Model and Heavy-Industry Strategy of Development • Wage-Goods Model and Strategy of Development

PART-VI: SECTORAL ASPECTS OF ECONOMIC DEVELOPMENT
• Agriculture, Productivity and Economic Development • New Technology and Sustainable Agriculture • Land Reforms: Farm Size, Productivity and Efficiency • Rationale and Pattern of Industrialisation • Choice of Techniques and Appropriate Technology in Developing Countries • Infrastructure and Its Importance • Efficiency of Small-Scale Vs Large-Scale Industries

PART-VII: INTERNATIONAL ASPECTS OF ECONOMIC DEVELOPMENT
• Static and Dynamic Gains From International Trade • International Trade as an ';Engine of Economic Growth' • Trade as a Vent for Surplus • Myrdal, Prebisch-Singer Thesis Vs Free Trade • Primary Export-Led Growth • Manufacturing Export-Led Growth Model • Dual Gap Analysis • Foreign Trade Strategy: Import Substitution Vs Export Orientation with Special Reference to India • Balance of Payments Problems of Developing Countries • Theory of Protection and Tariff • Post-GATT International Economic Order and WTO

PART-VIII: RESOURCE ALLOCATION: CHOICE AND PATTERN OF INVESTMENT
• Investment Criteria: Minimum Capital-Output and Social Investment Criteria • Alternative Investment Criteria • Cost-Benefit Analysis and Project Evaluation

PART-IX: MACROECONOMIC POLICIES AND DEVELOPMENT
• Monetary Policy in Developing Countries • Role of Fiscal Policy and Taxation in Economic Development • Role of Fiscal Policy: Government Borrowing for Financing Development • Financing Development through Money Creation: Inflationary Financing • External Resources: Foreign Aid • Foreign Direct Investment and Role of Multinational Corporations in Developing Countries • IMF and World Bank Directed Macroeconomic Policies for Developing Countries

PART-X: ENVIRONMENT AND DEVELOPMENT
• Environment, Economy and Economic Development • Environment use and Degradation: The Problem of Market Failures • Pollution Control • Sustainable Development and Climate Change

PART-XI: PLANNING AND DEVELOPMENT
• Rationale and Need for Planning in Developing Countries • Review of Planning in India: 1951 to 1991 • Economic Crisis of 1991 and Review of Planning in Post-Reforms Period (1992-2012) • Twelfth Five Year Plan (2012-17): A Critical Review • The Indian Growth Miracle

PART-XII: INEQUALITY, POVERTY AND UNEMPLOYMENT
• Income Inequality and Economic Growth • Poverty and Economic Growth: International Perspective • Problem of Poverty in India • Disguised Unemployment and Capital Formation in Developing Countries • Employment, Unemployment and Economic Growth