Alternative Strategies for Economic Development by Keith Griffin

By Keith Griffin

The query of other thoughts for financial improvement is the topic of serious controversy and severe debate among practitioners and teachers desirous about monetary and social development within the 3rd international. The center of this booklet is an research of the six most generally followed thoughts of improvement specifically monetarism, the open financial system, industrialisation, the fairway revolution or agriculture-led improvement, redistributive thoughts of improvement and socialist innovations.

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Cit .. Table I. p. 958. 9. See Keith Griffin and John Gurley, "Radical Analyses of Imperialism, The Third World and the Transition to Socialism: A Survey Article", Journal of Economic Literature, Vol. XXIII, September 1985, pp. 1105-1109 and the references cited. 10. This is apparent from the low R2 son the regression equation used to estimate the trend rates of growth of GDPpercapita 1950-1984. 3567. II. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. Brinley Thomas. , Cambridge University Press, 1973, p.

Ahluwalia, Nicholas G. Carter and Hollis B. Chenery, "Growth and Poverty in Developing Countries", Journal of Development Economics, Vol. 3, September 1979. , p. 304. The forty-fifth percentile corresponds roughly to the proportion of the Indian population with total consumption expenditure sufficient to ensure a daily supply of 2 250 calories per person given the observed expenditure patterns of the population. This level of calory consumption is conventionally used to determine the poverty line.

For example, the strengths and weaknesses of the monetarist strategy are illustrated by the experience of Chile and Argentina. Strategies of industrialisation are illustrated with case studies of Brazil, India and South Korea. The Philippines is used to illustrate the green revolution. The chapter on redistributive strategies of development contains case studies ofTaiwan and Sri Lanka, and the experience of socialist Third World countries is illustrated by case studies of China and North Korea.

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