By G. Mavrotas, A. Shorrocks

This booklet displays on present considering in improvement economics and on what may possibly occur over the subsequent twenty years. in addition to learning improvement economics on reflection, the quantity explores the present debates and demanding situations and appears ahead on the difficulties that impact the worldwide capability to accomplish the Millennium improvement Goals.

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E. Iglesias, L. Jayawardena, S. Marris, R. McNamara, P. Ndegwa, S. Okita, Soedjatmoko, B. Urquhart and J. Witteveen (1989) World Economic Summits: The Role of Representative Groups in the Governance of the World Economy, Study Group Series No. 4, Helsinki: UNU-WIDER. , R. C. Bresser Pereira, S. Chakravarty, L. Jayawardena, F. Leutwiler, O. V. Roosa, J. Sachs, R. Solow and M. Yoshitomi (1988) Debt Reduction, Study Group Series No. 3, Helsinki: UNU-WIDER. 1 Such an objective would have been inconsistent with the underlying division of labour and trading patterns within and among colonial blocks.

L. Ali and L. Hulugalle (1993) Indo-Sri Lanka Economic Cooperation: Facilitating Trade Expansion through a Reciprocal Preference Scheme, Study Group Series No. 9, Helsinki: UNU-WIDER. , L. K. Sengupta (1986) The Potential of the Japanese Surplus for Economic Development, Study Group Series No. 1, Helsinki: UNU-WIDER. , L. K. Sengupta (1987) Mobilizing International Surpluses for World Development: A WIDER Plan for a Japanese Initiative, Study Group Series No. 2, Helsinki: UNU-WIDER. , E. Iglesias, L.

Two partially overlapping variants of a distributionally oriented strategy surfaced during this decade. These were ‘redistribution with growth’ and ‘basic needs’. The first one was essentially incremental in nature, relying on the existing distribution of assets and factors and requiring increasing investment transfers in projects (mostly public but perhaps even private) benefiting the poor (Chenery et al. 1974). The first step in this strategy was the shift in the preference (welfare) function away from aggregate growth per se towards poverty reduction.

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