Download The Process of Economic Development by James M. Cypher PDF

By James M. Cypher

This 3rd version of a vintage textual content is still a useful source for all scholars and reserachers within the fields of improvement economics and improvement studies.
Reflecting fresh advancements, it comprises new fabric on: nationwide structures of innovation together with the data expertise growth in India, the continuing impression of globalization and the ongoing programmes of overseas relief throughout all constructing international locations.

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Extra resources for The Process of Economic Development

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Over ten or fifteen or certainly twenty-five years, this does not seem to be a technically unattainable goal, amounting to an increase in total consumption on the order of less than 1 percent per year. The possibility of fully eradicating poverty would seem to be within reach. It is not an impossible aspiration requiring super-human efforts beyond current resource capabilities. Greater productivity of labor and a better distribution of the world’s productive resources, both human and physical, are what are needed to effect a long-term decrease in the poverty profile.

What we can state with confidence is that where barriers to change, be they internal or external, are not terribly powerful, progress tends to be more rapid. On the other hand, development will be less vigorous where the barriers to change exert a more powerful adverse influence. All countries, including developed nations, always face both internal and external barriers that act as possible obstacles to continued progress. What is central in any particular nation, then, is not whether there are obstacles to progress – for there always are – but rather how 24 The Process of Economic Development these existing barriers are to be overcome by that society so that positive change can follow.

This description captures the nature of these first two fundamental structural changes required for long-term development progress. Changing trade patterns. Successful development is almost always marked by a maturation in the structure of trade, as a limited range of primary exports – agriculture and fishing products, unprocessed mining and other extractive minerals, and forestry products – is replaced by both a greater diversity of export products and by an evolving export mix toward manufactured goods and services.

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