This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
A definition of sustainable development is that of the Brundtland Commission - "...development which meets the needs of the current generation without jeopardizing the needs of future generations". This volume seeks to analyze the economic basis for this definition, and to look at the critiques of the economic approach - which have their basis in growing disquiet over the role of the productive normative science driving technological change and economic transformation. The discussion is followed by studies of the application of the criteria of sustainability to rural problems in South Asia, Kenya, Nepal, and Latin America and to urban/industrial problems in Jamaica, Chile and Vietnam.
This highlights the drawbacks of possessing natural mineral resources. These can quickly become a curse on the ore-exporting economies of developing countries leading to drainage of resources and the faltering of long term growth
This authoritative new study provides a unique comparative analysis of postwar economic performance within the developing world. Using the most up-to-date statistics, it explains the diverging economic achievements of five main types of developing country. Richard Auty focuses on internal policies and particularly on the impact of natural resource endowment on policy choice. The tendency for well-endowed countries to underperform in relation to their potential is noted and explained in terms of the emerging 'resource curse' thesis. The author argues persuasively that economic policies which secure rapid and equitable per capita economic growth can now be identified. As a result, priority is now being placed on environmentally-sustainable development and political pluralism. Within this broad thesis, the book pursues five central themes: rural neglect; income inequality; hyperubanization; unequal terms of trade; and the role of government in the development process. Each theme is discus with reference to one of the five country types, noting the key implications for the other four. Blending economic, environmental and socio-political perspectives, 'Patterns of Development' offers a fresh approach to economic development and will be welcomed by those seeking an accessible and up-to-date introduction to the subject.
It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.
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