Emerging from Poverty : The Economics that Really Matters

280 Pages·1984·16.443 MB·English

by  Gerald M. Meier

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EMERGIM
FROM PO RTY
The Economics that
Really Matters
GERALD M. MEIER
For the past forty years the international
community has tried to mitigate the pain of
poverty still suffered by the peoples of Africa,
Asia, and Latin America. What has gone
right in this development record? What has
gone wrong? And what now are the appro¬
priate policies that are needed to allow more
countries to emerge from poverty?
With unusual clarity and range, this book
answers these questions by offering a retro¬
spective appraisal of the development record
and a prescriptive analysis of the urgent policy
measures that remain to be undertaken. It does
so by revealing the interplay between the de¬
velopment experience of poor countries and
the evolution of thinking by economists on
what policies these countries should pursue
to accelerate their development.
Part I focuses on the policy of the inter¬
national community and provides a critical
assessment of the achievements and disap¬
pointments in the development record. Part II
chronicles the vigorous intellectual debate
among development economists. It unfolds
the changing views of economists on develop¬
ment strategy by explaining the “Old Growth
Economics,” the “Early Development Eco¬
nomics” that took shape in the 1950’s, the
subsequent revision in mainstream develop¬
ment thought, and the radical critique of re¬
cent years. Part III looks to the future and
specifies a number of policy issues on which
economists must now concentrate if the dis¬
appointments of the past are to be overcome.
ISBN 0-19-503374-4

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Emerging from Poverty

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EMERGING
FROM POVERTY
The Economics That Really Matters
GERALD M. MEIER
Stanford University
New York Oxford
OXFORD UNIVERSITY PRESS
1984
Copyright © 1984 by Oxford University Press, Inc.
Library of Congress Cataloging in Publication Data
Meier, Gerald M.
Emerging from poverty.
Bibliography: p. Includes index.
1. Economic development. 2. Developing countries.
3. Economic assistance. I. Title.
HD75.M44 1984 338-9'oo9i72'4 84-4441
ISBN 0-19-503374-4
Printing (last digit): 987654321
Printed in the United States of America
I
To the next generation
of development economists