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Theoretical sections develop a general system of growth equations that focus on the central role of technology change. Students can apply these equations to sub-phases of transition as well as to the modern growth epoch.
Policy-oriented sections discuss contemporary concerns with distribution, poverty alleviations, and human development as they relate to growth over time. The book identifies the policy implications of the development process, comparing East Asian with Latin American cases. In considering future policy, the book demonstrates how political economy factors suggest and enhanced endogenization of policy choices.
Gustav Ranis is the Director of The Yale Center for International and Area Studies and Professor of International Economics at Yale University. Having served as consultant to such entities as The World Bank, ADB, AID, OECD, UNIDO, FAO, UNDP, and the Ford and Rockefeller Foundations, Ranis is on the advisory boards, of several third-world research institutions. He has written extensively on theoretical and policy-related issues of development.
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