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Economics of Development (7th Revised edition)

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Economics of Development (7th Revised edition)

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Author: Dwight H. Perkins and Steven Radelet

Publisher: W. W. Norton & Company
Genres: Business & Money
Publish Date: November 16, 2012
ISBN: 0393934357

In 1983, when the fi rst edition of this textbook was published, 50 percent of the world’s population lived in nations the World Bank classifi ed as low income. By 2010 the number had dropped to 12 percent. Much of that change is the result of rapid economic growth in China and India. Today, both are middle- income economies. But economic growth and development has not been limited to these two Asian giants. “Africa Rising” was the cover story of a 2011 issue of Th e Economist, reflecting more than a decade of rapid growth in a region Th e Economist 10 years earlier referred to as “The Hopeless Continent.” Th roughout Africa, East and South Asia, Latin America, and elsewhere, dramatic improvements have been taking place in the education, health, and living standards of billions of people.

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