Cover -- Contents -- Preface -- Acknowledgments -- Chapter 1: Introduction -- Addressing the Challenge -- Conclusion -- Appendix 1A -- Chapter 2: Growth, Productivity, and Income -- Identifying the Comparators -- Relative International Performance -- Domestic Growth over Time -- Investment and...

This book presents a critical view of economic development in the last 50 years and evaluates different approaches taken that led to success or failure. It covers development policies, methods, procedures, as well as development project selection and how the one-size-fits-all approach taken by...

"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the...