Poverty and Progress

Name: Poverty and Progress
Brand: Oxford University Press
SKU: 0199458103
Price: 37 AED
Availability: InStock
ISBN: 9780199458103

(Paperback) | Released: January, 2015

| Publisher: Oxford University Press

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Poverty and Progress

Format: Paperback

About the Book

In this book, renowned development economist Deepak Lal draws on 50 years of experience around the globe to describe the developing-country realities and rectify misguided notions about economic progress. Part One of the book assesses realities by tracking growth through globalization, the rapid rate of change in standard-of-living indicators over the last half century, and how political economy affects economic growth rates in developing countries. In Part Two, Lal examines the myths and confusion about these countries, including World Bank calculations that exaggerate the extent of poverty; overstated claims made on behalf of microfinance; the resurrection of discredited theories, such as vicious circles of poverty; and the need for massive foreign aid to save Africa.

The book directly confronts intellectual fads of the West and dismantles a wide range of myths, numbers games, and faulty ideas that have obscured an astounding achievement: the unprecedented spread of economic progress around the world that is eliminating the scourge of mass poverty.

Deepak Lal is the James S. Coleman Professor Emeritus of International Development Studies at the University of California at Los Angeles, professor emeritus of political economy at University College London, a senior fellow at the Cato Institute, and Distinguished Fellow at the Bharti Institute of Public Policy, Indian School of Business.

About the Author

Deepak Lal is the James S. Coleman Professor Emeritus of International Development Studies at the University of California at Los Angeles, professor emeritus of political economy at University College London, a senior fellow at the Cato Institute, and Distinguished Fellow at the Bharti Institute of Public Policy, Indian School of Business.

Table of Contents:
List of Tables, Figures, and Boxes Introduction Part I Reality 1. The Ascent from Mass Poverty Ancient Mass Structural Poverty The Rise of Capitalism Divergence and Convergence in Per Capita Incomes Mass Structural Poverty 1820-2000 2. The Global Spread of Well-Being Life Expectancy Per Capita Food Supply Population and Technology The Scientific Revolution and the Growth of Knowledge Literacy and Education Summary 3. Destitution, Conjunctural Poverty, and Income Transfers Destitution Conjunctural Poverty Income Transfers and Poverty Alleviation Two Rival Philosophies Public vs. Private Transfers Political Economy of Transfer States Policy Implications International Transfers 4. Political Economy Classificatory Schema Crisis and Reform Political Habits Part 2 Myths 5. The Numbers Game 6. Statistical Snake Oil Causality Instrumental Variables Natural Experiments Randomized Controlled Trials (RCTs) Economics Is Not Like Physics The Logic of Comparative Studies Cross-Country Regressions Conclusion 7. Theoretical Curiosities Poverty Traps The Big Push, "New" Trade Theory, and Industrial Policy Conclusion 8. Micro Everything Project Evaluation Experiments Household Surveys and the Lives of the Poor The Informal Sector and Microfinance 9. Saving Africa A Marshall Plan for Africa? Medical Interventions and Aid Vouchers The Chinese Are Coming Conclusions 10. Global Warming The Science The Economics Ethics Politics Conclusion Notes Bibliography Index