Description - New Directions in Development Economics by Mats Lundahl
New Directions in Development Economics is divided into two thematic parts: the first half focuses on economic growth (or its absence) in developing countries and the second half contributes to the debate on the role of the state versus the market. As well as offering different perspectives on the challenges of growth, three chapters are set aside to deal with the environmental costs of growth measured purely by economic indicators. The role of the state is still identified as pivotal in the context of the growing dominance of free market policies in the post-communist world. This work forms an essential reference work for those interested in current debates because it reflects topical trends of thought and identifies prevailing problems and solutions. It does not just point out and anticipate dilemnas facing developing countries, but outlines possible policy prescriptions of relevance to interested parties both in the North and South.
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