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If you are an instructor using Development Economics in your course and wish to obtain access to the end-of-chapter problems, please contact the author at [email protected]. Students are encouraged to ask their instructor for further guidance on this matter. Development Economics presents a clear, rigorous, and elegant synthesis of both classic and recent contributions to the study of economic development in low-income countries. Debraj Ray, a leading theorist in the field, explores how economic growth, inequality, poverty, undernutrition, population dynamics, trade policy, and factor markets - including land, labor, and credit - interact to shape development outcomes. By highlighting the factors that obstruct efficient and equitable market performance, the book demonstrates that progress stems from a combination of improved physical and human capital, reduced inequality, and robust institutional support for the seamless flow of information. Drawing on examples from around the globe, this comprehensive work tackles sophisticated concepts with clarity and minimal reliance on complex mathematics, making it accessible to readers with only an introductory background in economics. Serving both as an authoritative textbook and a resource for policy-makers, Development Economics continues to set the agenda for future research in this dynamic area of study.
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