Globalization is widely regarded as a means not only of ensuring efficiency and growth, but also of achieving equity and development for those countries operating in the global economy. The book argues that this perception of globalization as the road to development has lost its lustre. The...

Growth models can be viewed in three distinct ways. Firstly, they can be viewed as "analytical filing" devices. Secondly, they can be viewed as casual schemes of explanation. Thirdly, they can be regarded as an example of "instrumental inference". From the point of view of development planning,...

Nicholas Kaldor's writings in India, extending over a period of three decades, are reviewed in the paper. The author concludes that Kaldor's writings on tax reforms in India reflected a philosophy of taxation for developing economies that remains fully pertinent today. Kaldor had correctly...

In recent years, a thesis has been put for ward by some influential economists that the experience of growth rec orded in the post-World War II period by a number of developing count ries has struck a "death blow" to Marxist economics. Experience of NICs and ASEAN countries has been strongly...