Synopsis
Using the most up-to-date statistics, this user-friendly text draws on the postwar experience of five main types of developing countries to explain the policies necessary to achieve rapid, equitable and sustainable economic growth. Describes how the diverse natural resource endowment of these regions has influenced their selection of development policy and specifically why well-endowed countries have tended to under-perform. Consists of the following central themes: rural neglect, income inequality, hyper-urbanization, unequal terms of trade and government's role in the development process.
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