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The Palgrave Handbook of Development Economics: A Comprehensive Analysis of Emerging and Advanced Economies

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Published in The Palgrave Handbook Of Development Economics: Critical Reflections On Globalisation And Development

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The Palgrave Handbook of Development Economics is a comprehensive and authoritative guide to the field of development economics. It provides a thorough overview of the latest theories and empirical evidence on economic development, with a focus on emerging and advanced economies.

The handbook is divided into six parts:

Theories of Economic Development
Empirical Evidence on Economic Development
Development Policies
Development Institutions
Development Finance
The Future of Development

Each part is written by a team of leading experts in the field, and provides a comprehensive and up-to-date overview of the latest research.

The Palgrave Handbook of Development Economics: Critical Reflections on Globalisation and Development

by Dale W. Tomich

5 out of 5

Language	:	English
File size	:	26830 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	1395 pages

The Palgrave Handbook of Development Economics is an essential resource for students, researchers, and policymakers who are interested in the field of development economics. It is a comprehensive and authoritative guide to the latest theories and empirical evidence on economic development, and provides a valuable overview of the challenges and opportunities facing developing countries.

The first part of the handbook provides an overview of the major theories of economic development. These theories provide different explanations for why some countries are rich and others are poor, and they offer different policy recommendations for how to promote economic development.

Some of the most influential theories of economic development include:

Theories of structural change: These theories argue that economic development is a process of structural transformation, in which the economy moves from a reliance on agriculture to a reliance on industry and services.
Theories of human capital: These theories argue that economic development is driven by the accumulation of human capital, which includes education, health, and skills.
Theories of institutional development: These theories argue that economic development is dependent on the development of institutions, such as property rights, the rule of law, and a stable political system.

The second part of the handbook provides an overview of the empirical evidence on economic development. This evidence provides support for some of the theories of economic development, but it also raises important questions about the efficacy of different development policies.

Some of the most important findings from the empirical evidence on economic development include:

Economic growth is not always associated with poverty reduction: While economic growth can lead to improvements in living standards for some people, it can also lead to increased inequality and poverty for others.
Education is a key driver of economic development: Education has been shown to increase productivity, wages, and economic growth.
Institutions matter for economic development: The presence of strong institutions, such as property rights, the rule of law, and a stable political system, is essential for economic development.

The third part of the handbook provides an overview of the different development policies that have been used to promote economic development. These policies include:

Trade policies: Trade policies can be used to promote economic development by increasing exports and reducing imports.
Financial policies: Financial policies can be used to promote economic development by providing access to credit and investment.
Fiscal policies: Fiscal policies can be used to promote economic development by providing public goods and services, and by reducing taxes.
Industrial policies: Industrial policies can be used to promote economic development by supporting specific industries or sectors.

The fourth part of the handbook provides an overview of the different development institutions that are involved in promoting economic development. These institutions include:

International financial institutions: International financial institutions, such as the World Bank and the International Monetary Fund, provide loans and other financial assistance to developing countries.
Non-governmental organizations: Non-governmental organizations, such as Oxfam and CARE, provide a variety of services to developing countries, including education, health care, and microfinance.
Government agencies: Government agencies, such as the United States Agency for International Development (USAID) and the Department for International Development (DFID),provide a variety of development assistance to developing countries.

The fifth part of the handbook provides an overview of the different sources of development finance. These sources include:

Official development assistance: Official development assistance (ODA) is provided by governments to developing countries. ODA can be used to finance a variety of development projects, such as education, health care, and infrastructure.
Private capital flows: Private capital flows, such as foreign direct investment and remittances, can also be used to finance development projects.
Microfinance: Microfinance is a type of financial service that provides small loans to poor people. Microfinance can be used to finance a variety of activities, such as starting a business or buying a home.

The sixth part of the handbook provides an overview of the challenges and opportunities facing developing countries in the future. These challenges include:

Climate change: Climate change is a major threat to development progress. Climate change can lead to sea level rise, droughts, floods, and other natural disasters.
Globalization: Globalization is a complex process that has both positive and negative effects on developing countries. Globalization can lead to increased trade and investment, but it can also lead to increased inequality and poverty.
Demographic change: Demographic change is another major challenge facing developing countries. The population of developing countries is growing rapidly, and this growth is putting a strain on resources.

The opportunities facing developing countries include:

Technological change: Technological change is rapidly changing the world economy. Developing countries can take advantage of these changes by investing in education and innovation.
** urbanization:** Urbanization is another major trend that is shaping the future of development. Developing countries can take advantage of urbanization by investing in urban infrastructure and services.
The rise of the global South: The global South is becoming increasingly important in the world economy. Developing countries can take advantage of this trend by cooperating with each other and by strengthening their trade ties with the global North.

The Palgrave Handbook of Development Economics: Critical Reflections on Globalisation and Development

by Dale W. Tomich

5 out of 5