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Dilemmas Of Development:second Edition: Reflections on the Counter-revolution in Development Economics - Hardcover
Synopsis
The first edition of "Dilemmas of Development" was welcomed as the first detailed account of the resurgence of neo-classical economics in the field of development policy. For the second edition much of this original material has been preserved but a range of new discussions have been added to ensure that the text maintains its relevance in the 1990s. New sections address the following questions: how have the arguments about the development counter-revolution been affected by recent events, especially by the collapse of the former Soviet bloc?; does the collapse of the Soviet planned economy model validate the rejection of Keynesianism by the development counter-revolution?; can neo-classical economics explain the politics of developing countries?; have aid policies aimed at changing the economic policies of developing countries' governments succeeded?; how did the policies of industrial countries affect the economic performance of developing countries, particularly in relation to the world debt crisis of the 1980s? This text should be of interest to undergraduate and postgraduate students of development economics and development studies, and to development practitioners interested in the wider background of their work.
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From the Back Cover
Developing countries in severe economic and political difficulties are being bombarded from all quarters with free–market ′solutions′. How far should they accept these solutions?
Views on how to bring about economic devlopment have undergone a marked change in recent years with influential economists (Johnson, Bauer, Lal, Little and Balassa) creating a veritable counter–revolution in theory and policy for developing countries. They highlight the failure of development planning, the need to liberalize most restrictions on merkets and insist that governments have failed to intervene with good effect in the process of economic change.
The counter–revolution is now having a powerful impact on Western governemnts. Dilemmas of Development attempts to separate out the elements of common sense in this new appraoch to development policy from some of its more ideological extravagances. It is written in a non–technical style.
About the Author
John Toye is Director of the Institute of Developmental Studies at the University of Sussex. He was educated at Cambridge, Harvard and London, and was formerly Assistant Director of Development Studies at the University of Cambridge (1972–1980) and Director of the Centre for Development Studies and Professor of Development Policy and Planning at University Collge, Swansea (1982–1987). His publications include Public Expenditure and Indian Development Policy 1960–70 and Aid Effectiveness in India (co–author).
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