The impact of public education expenditure on human capital, the supply of different labor skills, and its macroeconomic and distributional consequences is appraised within a multisector CGE model. The model is applied to and calibrated for two Heavily Indebted Poor Countries (HIPCs), Tanzania...

This paper is essentially autobiographical and describes Erik Thorbecke's journey through the history of development economics between the 1950s and the present. The paper consists of four parts. First, an introduction reviews briefly his professional career as a development economist and his...

The distinct features of inclusive growth within the context of sub-Saharan Africa are identified. The anatomy of growth is analysed by exploring the interrelationship among growth, inequality, and poverty. The present growth spell appears to have been relatively inclusive. The recent structural...

This innovative and important book develops a new framework for analysing exchange that takes place within and outside markets over the course of development.

Globalization and poverty are two of the most pressing contemporary international development issues. Despite the enormous potential of globalization to accelerate economic growth and development, through greater integration into the world economy, the spread and transfer of technology, and the...