- Paperback: 136 pages
- Publisher: Oxford Paperbacks (16 Jun 1994)
- Language English
- ISBN-10: 0195632389
- ISBN-13: 978-0195632385
- Product Dimensions: 21.1 x 13.5 x 0.8 cm
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Amazon Bestsellers Rank:
143,771 in Books (See Top 100 in Books)
- #87 in Books > Business, Finance & Law > Economics > International Economics > Development
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Product Description
Product Description
The analysis attempts to bring out how the links between the various sectors of the economy impinge on the development process. It is shown that moving labour from agriculture into industry is a key element in improving the well-being of the poor. The analysis brings out why growth in agricultural productivity is another key to the elimination of poverty. It is demonstrated that industrial progress by itself cannot benefit the poor, in the absence of progress in the agricultural sector. The question of how trade with the developed countries can benefit or hurt India is also considered. It is shown that by exporting industrial goods, the labour force employed in agriculture can be reduced and the poor in India made better off. Finally, the book examines why India's industrial policy from Independence until very recently has stifled entrepreneurship and undermined technical change in industry.
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2 of 2 people found the following review helpful
Simple Models, Profound Ideas
17 July 2005
Format:Paperback
This book uses simple, non-mathematical economic models to analyze poverty in India. The authors' basic idea is that reducing India's high labor/land ratio is the only way to raise living standards for hundreds of millions of Indians who live below the poverty line. Along the way, the authors give incredibly clear explanations of basic economic concepts like marginal product, general equilibrium, and comparative advantage. They also use their models to provide a fascinating explanation of why free trade with Britain probably increased poverty in India in the 18th and 19th centuries. I gave the book four stars instead of five only because the discussion of contemporary policy issues is dated and overly-anecdotal. Otherwise, this book is a small gem of exposition and analysis. If only all economists wrote this well.
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