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- catalog abstract ""This concise book by one of the leading scholars in development economics is developed from a series of lectures given to Masters students and will serve as an excellent introduction to the principles of growth and development theory." "The author presents conventional wisdom with a critical eye and charts development economics as it has evolved from Adam Smith to 'new' or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory. He argues that in an open developing economy one of the major constraints is the availability of foreign exchange to pay for imports, so that export growth which relaxes a balance of payments constraint on demand becomes a crucial determinant of overall growth performance. Demand creating its own supply in a growth context, rather than the pre-Keynesian view of supply creating its own demand, provides an alternative framework to the neo-classical one for understanding the differential growth performance of nations." "This original book will be essential reading for all students and scholars of development and growth economics."--Jacket.".
- catalog contributor b12944825.
- catalog created "c2002.".
- catalog date "2002".
- catalog date "c2002.".
- catalog dateCopyrighted "c2002.".
- catalog description ""The author presents conventional wisdom with a critical eye and charts development economics as it has evolved from Adam Smith to 'new' or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory. He argues that in an open developing economy one of the major constraints is the availability of foreign exchange to pay for imports, so that export growth which relaxes a balance of payments constraint on demand becomes a crucial determinant of overall growth performance.".
- catalog description ""This concise book by one of the leading scholars in development economics is developed from a series of lectures given to Masters students and will serve as an excellent introduction to the principles of growth and development theory."".
- catalog description "Demand creating its own supply in a growth context, rather than the pre-Keynesian view of supply creating its own demand, provides an alternative framework to the neo-classical one for understanding the differential growth performance of nations." "This original book will be essential reading for all students and scholars of development and growth economics."--Jacket.".
- catalog description "Growth theory in the history of thought -- Neoclassical and 'new' growth theory: a critique -- Manufacturing industry as the engine of growth -- A demand-oriented approach to economic growth: export-led growth models -- Balance of payments constrained growth: theory and evidence -- The endogeneity of the natural rate of growth.".
- catalog description "Includes bibliographical references (p. 97-105) and index.".
- catalog extent "ix, 111 p. :".
- catalog hasFormat "Nature of economic growth.".
- catalog identifier "1840648643 (cased)".
- catalog isFormatOf "Nature of economic growth.".
- catalog issued "2002".
- catalog issued "c2002.".
- catalog language "eng".
- catalog publisher "Cheltenham ; Northampton, MA : E. Elgar,".
- catalog relation "Nature of economic growth.".
- catalog subject "338.9 21".
- catalog subject "Economic development.".
- catalog subject "HD82 .T483 2002".
- catalog tableOfContents "Growth theory in the history of thought -- Neoclassical and 'new' growth theory: a critique -- Manufacturing industry as the engine of growth -- A demand-oriented approach to economic growth: export-led growth models -- Balance of payments constrained growth: theory and evidence -- The endogeneity of the natural rate of growth.".
- catalog title "The nature of economic growth : an alternative framework for understanding the performance of nations / A.P. Thirlwall.".
- catalog type "text".