Centrally planned and administered economy and steep ascent strategy a complete failure -- Development economics-based strategy in less developed countries an incomplete failure -- A shift toward better understood (and appreciated) classical economic prescriptions an incomplete success --...

Alternative strategies of economic development have received little attention in the literature. Academics rarely compare certain strategic features or assess the performance of different strategies in terms of outcomes. This book seeks to address that gap and to provide a theoretical background...

Cover -- Title page -- Copyright page -- Table of Contents -- List of Figures -- List of Tables -- Introduction -- I. DEVELOPMENTAL STRATEGIES PURSUED OVER THE PAST CENTURY -- Chapter 1. Centrally Planned and Administered Economy and Steep Ascent Strategy: A Complete Failure -- Whence Came the...