Theoretical Foundations: A General Equilibrium Approach -- The Harris-Todaro Migration Model and Introduction of the Informal Sector -- Informal Sector and Open Unemployment -- Foreign Capital Inflow, Informal Sector and Welfare -- How and How Far to Liberalise a Developing Economy -- Economic...

Introduction: Orientation and Focus -- The Preliminaries -- The Two Sector Ramsey Model -- The Three-Sector Ramsey Model -- Extensions to the Three-Sector Model -- The Extended Three-Sector Model -- A Three-Sector #x2013; Two-Country World -- Data Issues and the Social Accounting Matrix -- Solution...

The book explains the problem of insufficient capital accumulation and growth in a less developed country. In conventional analyses, such explanations are often found exogenised in terms of factors such as socio-cultural attitudes towards saving and investment, irrationality of peasant...