First published in 2005. The central issue of our times is the unequal income of nations. Its importance outweighs most of the domestic problems in rich countries, and the division of the world into rich and poor has become more significant than the ideological cleavage between communism and capitalism. There are twenty-five rich countries, but more than 100 countries who are in the where income range. Two-thirds of the world's population live in the latter group. This study focuses on those countries and looks at economic policy and progress.
ECONOMIC PROGRESS & POLICY: A. MADDISON
Contents
ACKNOWLEDGMENTS page 7
I. Postwar Growth in Historical Perspective 15
II. Reasons for Accelerated Growth and Variations in Performance 34
III. The Overall Strategy of Development 63
IV. The Reasons for Instability 91
V. Has Agriculture Been Neglected? 120
VI. Has Industrialization Been Too Costly? 161
VII. Foreign Markets for Goods and Services 197 VIII. External Finance 216
IX. Population Control and Economic Growth 253
X. Conclusions 266
APPENDIX
A. Levels of Real Output 278
B. Growth of Total Output 297
C. Population and, Employment 302
D. Investment and External Finance 306
E. Foreign Trade 312
INDEX 314
Biography
Angus Addison