Whilst development economics has focused on questions of growth, income distribution - and its implications for growth and for the eradication of poverty - has received less attention. This book, by a leading expert in the field, corrects that imbalance, and gives a comprehensive review of the link between income distribution and the growth of national income.

The book describes the practical process of economic growth both in developed and less developed countries, and presents a unified theory of growth from the earliest stages to the most advanced. Central to the theory is the structural transformation which is associated with the growth process. This structural transformation is used to explain the logistic pattern that economic growth has followed in the real world. Within this logistic pattern, growth performance is explained both in terms of supply factors and demand factors, and the interaction between them. The influence of inflation and...