Pathways to Economic Development

Paperback | July 10, 2014

byAmitava Krishna Dutt

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This short, concise work examines alternative paths to economic development - with special reference to the Indian context - from a broad general perspective that relies on theoretical analysis and historical, contemporary development experience, simplified for the non-specialist reader. Itfirst examines alternative meanings of development, distinguishing between the growth of income and production, poverty and distributional issues, happiness, and human functionings and capabilities, and assesses India's performance in terms of these alternative indicators. The book also analyses the main obstacles to economic development that have been identified by development scholars and practitioners, distinguishing between domestic economic factors (such as low levels of domestic saving and investment, inefficiency and stagnant technology, and poverty andinequality), international factors (such as international trade, investment and technology transfers), and non-economic factors (such as historical, political, cultural and social). Finally, it discusses the main strategies for economic development, reviewing debates about the roles of free marketand the state, autarkic and open economy approaches, a focus on growth versus a focus on distribution and human development, among others, while arguing against a doctrinaire neoliberal strategy and favouring a balanced approach that pays careful attention to country and time-specificfactors.

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This short, concise work examines alternative paths to economic development - with special reference to the Indian context - from a broad general perspective that relies on theoretical analysis and historical, contemporary development experience, simplified for the non-specialist reader. Itfirst examines alternative meanings of develop...

Amitava Krishna Dutt is Professor of Economics and Political Science in the Department of Political Science at the University of Notre Dame, and Distinguished Professor, FLASCO, in Ecuador.

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Format:PaperbackDimensions:200 pages, 11.5 × 8.25 × 0.68 inPublished:July 10, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198075391

ISBN - 13:9780198075394

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Table of Contents

Preface1. Introduction2. Meaning and measurement of development3. Domestic economic aspects of development4. International aspects of development5. Non-economic aspects of development6. Strategies for economic development7. ConclusionReferencesIndex