Patterns of Development: Resources, Policy and Economic Growth

This authoritative new study provides a unique comparative analysis of postwar economic performance within the developing world. Using the most up-to-date statistics, it explains the diverging economic achievements of five main types of developing country. Richard Auty focuses on internal policies and particularly on the impact of natural resource endowment on policy choice. The tendency for well-endowed countries to underperform in relation to their potential is noted and explained in terms of the emerging 'resource curse' thesis. The author argues persuasively that economic policies which secure rapid and equitable per capita economic growth can now be identified. As a result, priority is now being placed on environmentally-sustainable development and political pluralism. Within this broad thesis, the book pursues five central themes: rural neglect; income inequality; hyperubanization; unequal terms of trade; and the role of government in the development process. Each theme is discus with reference to one of the five country types, noting the key implications for the other four. Blending economic, environmental and socio-political perspectives, 'Patterns of Development' offers a fresh approach to economic development and will be welcomed by those seeking an accessible and up-to-date introduction to the subject.