Introduction. And yet the Twain Meet: Great Convergence brings the East closer to the West -- Great Divergence and the Rise of the West -- Great Convergence and the Rise of the Rest -- The Great Convergence and Globalization: How the Former Colo-nies Became the World Economic Locomotives --...

Economic growth across countries during the last 30 years or so has displayed 'dual' divergence between developed and developing countries, and among developing countries. The structural transformation has been either slow or of an anomalous nature. The study addresses these and suggests how...

This book is about engaging and empowering people through their own domestic resources, by using upstream energy to create larger downstream employment opportunities. Incorporating sustainability, resource enhancement, and energy responsibility can generate awareness and better utilization of...

The financial crisis in advanced economies and its impact on developing countries has put the longer term agenda of development - structural transformation of countries, of their growth, jobs, poverty and distribution - on the analytic and policy backburner. Day to day management of macro...

This book presents stimulating new perspectives on three key sets of issues: a fair globalization, the policies that might be adopted in response to protectionist pressures, and sustainable development policies involving G7 and G20 actions to lay the foundations for renewed trust. The individual...

This open access book modifies and revitalizes the concept of the ‘developmental state’ to understand the politics of emerging economy through nuanced analysis on the roles of human agency in the context of structural transformation. In other words, there is a revived interest in the...

This book focuses on the role of economic and political institutions in economic development. The book offers fresh perspectives on the issues facing less-developed countries and the elements influencing their outcomes. The text includes chapters on democracy, property rights, and economic...

This book argues that development is a comprehensive societal process with two key elements: economic restructuring and sociocultural transformation. While either of these elements alone can initiate change, a strong development plan needs to address both in order to succeed

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...

Nanak Kakwani and Hyu Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of...