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Development EconomicsFrom the Poverty to the Wealth of Nations$
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Yujiro Hayami and Yoshihisa Godo

Print publication date: 2005

Print ISBN-13: 9780199272709

Published to Oxford Scholarship Online: October 2005

DOI: 10.1093/0199272700.001.0001

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(p.1) Introduction
Development Economics

Yujiro Hayami

Yoshihisa Godo

Oxford University Press

The main issues of the book are discussed. The main focus is the development of low-income economies towards catching up with high-income economies, which includes discussion on the major cultural and social changes involved, the choice of economic system – discussing the optimum combination of market, state and community and issues such as the role of technology borrowing as a major means for low-income economies to catch up with advanced ones and identifying the possible means to facilitate this process. While special focus is placed on low-income economies, ‘developing economies’ at various stages of development are covered in broad terms.

Keywords:   economic systems, developing economies, low-income economies, technology borrowing, economic growth

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