• Pages 9-11 of the book shows samples of questions that will be discussed in the book. These questions illustrate the issues faced by almost every developing nation.
•The Important Role of
Values in
Development Economics
Value premises – what is or not is desirable (eg. economic
and social equality)–The validity of economic analysis and the correctness of
economic prescription should always be evaluated in light of the underlying
assumptions or value premises
•Social Systems
–Interdependent
relationships between economic and non-economic factors
•Failure of Development Policy
–Importance
of Institutional and structural variables
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