Chapter 1

Conceptions of Development

Economic growth versus economic development

medium • 1 min read

Capabilities approach to development (Sen)

medium • 2 min read

Measurement of development (HDI, PQLI)

medium • 3 min read

Characteristics of developing nations

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Historical perspectives on development processes

medium • 5 min read

Chapter 2

Growth Models and Empirics

Harrod-Domar growth model

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Lewis model of structural change

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Rostow's stages of economic growth

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Big push theory and balanced versus unbalanced growth

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Empirical evidence on growth and convergence

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Chapter 3

Poverty and Inequality

Concepts and measurement of inequality (Lorenz curve, Gini coefficient)

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Measures of poverty (Headcount ratio, Poverty gap)

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Kuznets inverted-U hypothesis

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Poverty traps and vicious circles of poverty

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Impact of inequality on economic growth

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Chapter 4

Political Institutions and Economic Development

Role of institutions in economic performance

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Property rights and transaction costs

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Democracy versus authoritarianism in development

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Corruption, rent-seeking, and economic growth

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State capacity and public good provision

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Chapter 5

State and the Market

Market failures and the rationale for state intervention

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Government failures and bureaucratic inefficiency

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Privatization and deregulation

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Industrial policy and infant industry protection

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Role of non-governmental organizations (NGOs)

medium • 5 min read