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Development Economics

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The Less Developed Economy Revisited

Virtually all industrialized nations have annual per capita incomes greater than $15,000; meanwhile, over three billion people, more than half the worlds population, live in countries with per capita incomes of less than $700. Development economics studies the economies of such countries and the problems they face, including poverty, chronic underemployment, low wages, rampant inflation, and oppressive international debt.

Diversity, Trends, and Conflicts

Latin America's Economy provides a clear, comprehensive, and accessible overview of major economic issues facing Latin America today, including balance of payments problems, inflation, stabilization, poverty, inequality, and land reform. Each chapter centers on an economic problem, presenting major economic theories about the causes and possible solutions to the problem. The authors provide numerous cross-country examples to demonstrate how individual countries are affected by economic trends or policies.

A leading international economist looks at many of the key issues of trade policy now confronting the United States and the world in this timely book. Jagdish Bhagwati provides a clear, informative, and witty analysis of the protection debate and offers a prescription for reform

Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Political Science at Columbia University, and is a Fellow of the American Academy of Arts and Sciences.

Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery.

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