Alternative strategies for economic development create great controversy
and intense debate among practitioners and academics concerned with
economic and social progress in the third world. The core of this book
analyzes the six most widely adopted strategies of development, namely
monetarism, the open economy, industrialization, the green revolution or
agriculture-led development, redistributive strategies of development
and socialist strategies. The strengths and weaknesses of each strategy
are assessed and then compared. This book contains a blend of economic
theory, statistical evidence and numerous country case studies. This
second edition contains a new introduction in which the human
development strategy, the transition strategies followed in the
ex-socialist countries, and globalization and its effects on development
are all discussed.