Comparing the post-war economic development of five main types of developing country (low-income African, low-income large Asian, mid-income Latin American, the mineral economy and newly industrializing East Asian), this book explains their diverging economic performance largely through internal policies, but particular attention is paid to the impact of a country's natural resource endowment on policy choice. The tendency for well-endowed countries to under-perform in relation to their potential is noted and explained in terms of a "resource curse" thesis. The book argues that post-war experience has shown which economic policies can secure rapid per capita economic growth. As a result new priorities are emerging concerned with the promotion of environmentally sustainable development, more equal opportunity and political pluralism. Against this broad thesis, the book pursues five central themes: rural urbanization, unequal terms of trade and the role of government. Each theme is discussed with particular reference to one of the five types of country, noting the key implications for the other four country types.

Patterns of development: Resources, policy and economic growth

Business & Money

Auty, R. M.

Economics

Edward Arnold

The author compares the industrial policies of five large, newly indstrialized countries and argues that comparative advantage in heavy and industrial chemicals (HCI) has been passing to such countries. The policies adopted to accelerate the process have been disappointing in most cases, their premature imposition creating HCI sectors which have become increasingly burdensome to the rest of the economy. The book traces the adverse economic impact of such policies on Brazil, Mexico, India and China through postwar years, in contrast to the more successful Korean experience. In-depth analyses of steel, petrochemicals and automobile assembly are given.

Economic Development and Industrial Policy: Korea, Brazil, Mexico, India and China (Global Development and the Environment)

Continuum Intl Pub Group

See the best price to sell, buy, or rent books by Auty, R. M.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Auty, R. M.

See the best price to sell, buy, or rent books by Auty, R. M.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Patterns of development: Resources, policy and economic growth

Economic Development and Industrial Policy: Korea, Brazil, Mexico, India and China (Global Development and the Environment)