INDEX
PART ONE: PRINCIPLES AND CONCEPTS
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Economies as Social Systems: The Need to Go Beyond Simple Economics
What Do We Mean by Development?
Traditional Economic Measures
The New Economic View of Development
Sen's "Capabilities" Approach
Three Core Values of Development
The Three Objectives of Development
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Diverse Structures and Common Characteristics of Developing Nations
Defining the Developing World
The Structural Diversity of Developing Economies
Size and Income Level
Historical Background
Physical and Human Resources
Ethnic and Religious Composition
Relative Importance of the Public and Private Sectors
Industrial Structure
External Dependence: Economic, Political, and Cultural
Political Structure, Power, and Interest Groups
Common Characteristics of Developing Nations
Low Levels of Living
A Holistic Measure of Living Levels: The Human Development Index
Low Levels of Productivity
High Rates of Population Growth and Dependency Burdens
Substansial Dependence on Agricultural Production and Primary-Product Exports
Prevalence of Imperfect Markets and Incomplete Information
Deminance, Dependence, and Vulnerability in International Relations