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...

This book is a comprehensive collection that focuses on various regions and their economies at a pivotal time in our global economy when the majority of nations continue to struggle with stabilizing their economies.