Contemporary Economic Issues in Developing Countries

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John Baffoe-Bonnie, Mohammed Khayum

ISBN: 0-275-97454-5

ISBN-13: 978-0-275-97454-1

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280 pages

Praeger Publishers

Publication: 4/30/2003

List Price: $86.95 (UK Sterling Price: £59.95)

Discount Price: $43.48 Sale Price for U.S. Customers Only. Save 50%. Ends 12/31/2009.

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Media Type: Hardcover

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Trim Size: 6 1/8 x 9 1/4

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Description: 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:

Preface
Introduction by John Baffoe-Bonnie and Mohammed Khayum
International Debt: Ten Lessons for New Millennium by John Loxley
Population Dynamics and Food Production in Sub-Saharan Africs by Henry Rempel and Kazim Islam
Ongoing Fertility Transition in Sub-Saharan Africa by David Shapiro and Basile O. Tambashe
Poverty: Estimates and Poverty Reducing Strategies for the Developing Economy by John Gafar
Environmental Issues in Economic Growth: Application of an EQT Model for Developing Countries by Fidel Ezeala-Harrison
Rent-seeking and Economic Growth in Developing Countries by John Mbaku and Mwangi S. Kimenyi
Corruption Control in Developing Societies: Lessons from Public Choice by John Mbaku
Fiscal and Monetary Policies for Economic Development by James C.W. Ahiakpor
Why Structural Adjustment Failed in Africa by George B.N. Ayittey
Openness and Economic Performance of Developing Countries by Richard E. Mshomba
Government Spending, Human Capital and Endogenous Growth by John Baffoe-Bonnie
Life-Cycle Consumption, Economic Development, and Planning Horizon in Developing Countries by John Baffoe-Bonnie and Mohammed Khayum
Defense Spending and Economic Growth by Wimal Randkaduwa

About the Author: JOHN BAFFOE-BONNIE is Associate Professor of Economics at Penn State University, Delaware County Campus.

MOHAMMED KHAYUM is Associate Professor of Economics and Finance at the University of Southern Indiana, Evansville.

LCC Class: 330


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