From the Debt Crisis to Sustainable Development

The book addresses the problem of the foreign debt of less developed countries; it examines its impact on their development possibilities and it analyses the lessons that both economic theory and policy should draw from the debt crisis. Long-term sustainable development is the only way to avoid further economic crises in the Third World, but it can only be achieved by means of a comprehensive approach directly aiming at long-term growth and involving a re-thinking of trade relationships between low and high-income countries.

Zusammenfassung
Long-term sustainable development is the only way to avoid further economic crises in the Third World, but it can only be achieved by means of a comprehensive approach directly aiming at long-term growth and involving a re-thinking of trade relationships between low and high-income countries.

Inhalt
Preface - Notes on the Contributors - Introduction; G.Vaggi - PART 1: INDUSTRY VERSUS AGRICULTURE: THE ECONOMIC THEORY OF SECTORS AND DEVELOPMENT - Orthodox Development Theories and their Applications to Less Developed Countries; A.Bhaduri - Perspectives on Development; M.Ricottilli - Agriculture and Growth; C.B.Carri - Peasants and Capitalists in Developing Countries: Agriculture with Particular Reference to India; L.Marcuccio - PART 2: LESSONS FROM THE DEBT CRISIS - A Brief Debt Story; G.Vaggi - The Development Crisis of the 1980s: a Review of Analytical and Policy Debates; J.Ros - Sustainable Debts and the 'Human Factor'; G.Vaggi - PART 3: INTERNATIONAL AGENCIES AND STRUCTURAL ADJUSTMENT POLICIES IN DEVELOPING COUNTRIES - The International Monetary Fund and the Creation of an Enabling Environment; P.M.Keller - Is Adjustment Conducive to Long-Term Development? The Case of Africa in the 1980s; G.A.Cornia - The Sequence of Stabilization and Liberalization; F.Daveri - Aid Agencies and the Promotion of Foreign Direct Investments in Developing Countries: Between Market and Cooperation: A Short Note; G.B.Navaretti - The Theory and Policy of Structural Adjustment: a Note; M.Missaglia - PART 4: DEVELOPMENT, DEMOCRACY AND THE NEW ECONOMIC ORDER - Recent International Developments and the North-South Dialogue; Y.Boutros-Ghali - International Debt and the New World Order; G.Goria - International Democracy and Economic Development; G.Montani - Conclusions in the Manner of Reflections; G.Vaggi - Index