"This timely book offers a concise summary of new developmentalism, exploring this in the context of both heterodox economics and political economy. It adopts a historical-structural method that is critical of orthodox or Neoclassical Economics. Luis Carlos Bresser-Pereira delves into the roots...

Economic structuralists use a broad, systemwide approach to understanding development, and this textbook assumes a structuralist perspective in its investigation of why a host of developing countries have failed to grow at 2 percent or more since 1960. Sensitive to the wide range of factors that...

Amartya Sen looks at the Asian experience in a broad framework, dealing both with successes and failures. He sees development as a process of enhancement of human freedoms of various kinds, which are intrinsically important in themselves and which are mutually supportive of each other. They call...

Frontmatter -- Contents -- Preface to the Fourth Edition -- Introduction and Overview -- Part I: Macroeconomic Accounts, Market Structure, and Behavioral Functions -- Chapter 1. Economic Structure and Aggregate Accounts -- Chapter 2. Behavioral Functions -- Part II: Financial Policies -- Chapter...