'This volume not only offers an invaluable retrospective of the World Bank's best thinking on development but also has the analytical caliber and policy insights to become an indispensable source for those dealing with the present and future growth and equity challenges faced by the developing countries.' -- Ernesto Zedillo

This book reflects on current thinking in development economics and on what may happen over the next two decades. As well as studying development economics in retrospect, the volume explores the current debates and challenges and looks forward at the problems that affect the global capacity to achieve the Millennium Development Goals.

This title represents the most forward thinking and comprehensive review of development economics currently available.

Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. In this book Deepak Lal outlines and assesses the validity of a set of beliefs about third world economic development that underlies the thinking of many politicians, bureaucrats, journalists, and academics in both developing and developed countries. He describes the various elements of this "Dirigiste Dogma" and shows how it inevitably breeds corruption. According to Lal, only a market-based liberal economic order can solve the age-old problem of structural mass poverty. Its significant institutional bases include transparent financial systems and sufficiently deep financial markets to allow the hedging of foreign currency risk, and either a floating or rigidly fixed exchange rate.

By the winner of the 1988 Nobel Prize in Economics, an essential and paradigm-altering framework for understanding economic development--for both rich and poor--in the twenty-first century. Freedom, Sen argues, is both the end and most efficient means of sustaining economic life and the key to securing the general welfare of the world's entire population. Releasing the idea of individual freedom from association with any particular historical, intellectual, political, or religious tradition, Sen clearly demonstrates its current applicability and possibilities. In the new global economy, where, despite unprecedented increases in overall opulence, the contemporary world denies elementary freedoms to vast numbers--perhaps even the majority of people--he concludes, it is still possible to practically and optimistically restain a sense of social accountability. Development as Freedom is essential reading.

First published in 1978, Development Economics in Action is a renowned study of policies in Ghana, one of Africa's most closely watched economies. In this new edition three additional chapters provide a detailed account of 1978-2008.

This book provides an account of economic development in Palanpur, a village in rural North India, based on five detailed surveys of the village over the period 1957 to 1993. These five decades have seen economic well-being rise in some important respects, but stagnation and even decline inother areas. The analysis presented here focuses on the reasons behind this uneven progress. The authors tie in the background issues of the evolution of poverty and inequality and mobility over time with causal factors such as technological progress, demographic and sectoral changes, the operationof markets, and the role of public action. The richness and unique nature of the qualitative and quantitative data collected and presented by Lanjouw and Stern yields an analysis which illuminates questions of direct importance to researchers in a wide variety of disciplines.