Paths To Economic Opportunity

This study, first published in 1976, explores the theory and impact of economic growth.

This short, concise work examines alternative paths to economic development-with special reference to the Indian context-from a broad general perspective that relies on theoretical analysis and historical, contemporary development experience, simplified for the non-specialist reader. It first examines alternative meanings of development, distinguishing between the growth of income and production, poverty and distributional issues, happiness, and human functionings and capabilities, and assesses India's performance in terms of these alternative indicators. The book also analyses the main obstacles to economic development that have been identified by development scholars and practitioners, distinguishing between domestic economic factors (such as low levels of domestic saving and investment, inefficiency and stagnant technology, and poverty and inequality), international factors (such as international trade, investment and technology transfers), and non-economic factors (such as historical, political, cultural and social). Finally, it discusses the main strategies for economic development, reviewing debates about the roles of free market and the state, autarkic and open economy approaches, a focus on growth versus a focus on distribution and human development, among others, while arguing against a doctrinaire neoliberal strategy and favouring a balanced approach that pays careful attention to country and time-specific factors.

Identifies the ways in which private firms and farms contribute to economic mobility and poverty reduction and what governments can do to enhance this contribution.

How private firms contribute to economic mobility and poverty reduction and what governments can do to enhance their contributions is the theme of this book. The positive role (often underemphasized) the private sector plays in economic development is looked at. Also the labour market and how various mechanisms in the economy interact to affect conditions for people as workers and as consumers. The links among the business environment, private sector development, economic growth, poverty reduction and economic mobility are also examined.

Is it really possible to live in a world without deprivation or economic strife, but instead with peace, prosperity, and better opportunities? Path to a Better World proposes a practical plan that provides the means to make this dream a realityand all before the end of the twenty-first century. James Albus, an engineer, neuroscientist, and international expert in robotics and intelligent systems, begins by sharing his vision of an ideal world and contrasts that with the current reality. After discussing the strengths and weaknesses of the cur-rent free market capitalist system, Albus suggests an improved version of capitalization that has the potential to broaden the ownership of capital and stimulate significant economic growth. Included is a review of our nations technical progress to date and a proposal that encourages future technological advances that possess the capabilities to propel the country into an unprecedented era of success. Path to a Better World is a well-researched, informative guidebook that allows Americans to imagine a life under a new form of capitalism that has the potential to offer the people of this great nation domestic tranquility, economic justice, and the pursuit of happiness for not only ourselves, but also our posterity.

This book looks at developmental pathways to poverty reduction that emphasize employment-centred structural change, social policies that both protect citizens and contribute to economic development, and types of politics that support economic transformation and participation of the poor in growth processes.

This book provides readers with an in-depth understanding of the many ways in which universities contribute to economic development and growth. It demonstrates the causal interactions between universities� activities and economic outcomes, and presents