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In the early part of this century, Argentina was one of the most affluent nations in the world. Since then, the Argentine economy has experienced long periods of stagnation and recession. Larry Sawers links the country's economic failure to the backwardness of the interior, which comprises 70 percent of the area of the country and in which nearly one-third of the population resides.The interior's poverty, according to Sawers, is caused by the scarcity of agricultural resources and by serious inequalities in the distribution of those resources. The region is poorly endowed, land has been...

In the early part of this century, Argentina was one of the most affluent nations in the world. Since then, the Argentine economy has experienced long periods of stagnation and recession. Larry Sawers links the country's economic failure to the backwardness of the interior, which comprises 70 percent of the area of the country and in which nearly o

This extensively revised fourth edition of Economic Development Policy examines how and why economic policies to promote development in low- and middle-income countries has evolved since the mid twentieth century. The book begins by explaining why development economics first coalesced as a field of study in the 1940s and why most newly minted development economists agreed about reasons why poor countries were poor and what to do about it. In the 1980s, development economics and development policy changed dramatically. The focus was on reform, that is getting rid of the policies almost...