Distribution and Development
A New Look at the Developing World
Most of the world's people live in "developing" economies, as do most of the world's poor. The predominant means of economic development is economic growth. In this book Gary Fields asks to what extent and in what circumstances economic growth improves the material standard of living of a country's people. Most development economists agree that economic growth raises the incomes of people in all parts of the income distribution and lowers the poverty rate. At the same time, some groups lose out because of changes accompanying economic growth. Fields examines these beliefs, asking what variables should be measured to determine whether progress is being made and what policies and circumstances cause some countries to do better than others. He also shows how the same data can be interpreted to reach different, even conflicting, conclusions. Using both theoretical and empirical approaches, Fields defines and examines inequality, poverty, income mobility, and economic well-being. Finally, he considers various policies for broad-based growth. Copublished with the Russell Sage Foundation.
HardcoverOut of Print ISBN: 9780262062152 270 pp. | 6 in x 9 in 48 illus.
Paperback$35.00 X | £28.00 ISBN: 9780262561532 270 pp. | 6 in x 9 in 48 illus.
Education is a key factor in the evolution of societies, one which both affects and reflects the pace of a country's economic growth, the extent of its inequality, and its general social structures. This book offers a brilliant and remarkably clear synthesis of recent work by the economic profession on this complex set of interactions. There is no doubt that it will be an essential reference on the economics of education and education policy for some time.
Chief Economist and Senior Vice President, Development Economics, The World Bank
This volume presents the results of decades of imaginative research by Fields on the most critical set of issues in development today. Distribution and Development goes beyond examining the relationship between growth and distribution to include the burgeoning concern with poverty alleviation, as well as such innovative topics as income mobility and economic well-being. An excellent text for advanced undergraduate and graduate students.
Frank Altschul Professor of International Economics, Yale University
This book is filling an important gap in the development economics literature by providing a clear and complete statement of the evidence accumulated so far about the effects of development on income distribution and poverty, and by making easily accessible the analytical tools to deal with these issues. It will prove extremely useful to both newcomers to the field of development and specialists. In particular, the extension of the standard analysis to income mobility is methodologically innovative and a significant step forward.
Professor of Economics, School for Advanced Studies in Social Sciences/Delta
This book will make a significant contribution to the field. It gathers together a variety of approaches from the field of international relations to explore the development of the climate change regime. It fills a niche that suprisingly no other book has filled.
Department of Political Science, North Carolina State University
This book provides a masterful review of issues that have recently burst back into prominence. The exposition of issues that are sometimes technical and often misunderstood is crystal clear. This together with the effective coupling of theoretical and empirical work will ensure a ready market in the research community and far beyond. The discussion of income mobility takes the reader right to the contemporary frontier in the inequality literature.
Director, School of Economics, University of Cape Town, South Africa
Fields's combination of simple examples, basic theory, and empirical evidence provides a clear, comprehensive, and current account of how inequality, poverty, and growth interact in the course of development. After reading this book, no one will question that 'economic growth is essential to improving the economic well-being of a nation's people.'
Director, The Global Development Network, The World Bank