Science of Economic Development and Growth FROM THE PUBLISHER
This text offers a novel perspective on theories of economic development and growth. The author undertakes a critical study and appraisal of existing growth and development theories and policies. Using the theory of factor proportions, he explains how wealthy countries like the United States were able to develop.
SYNOPSIS
Asserting that the focus of conventional economics is inappropriately on money and finance rather than on science and technology, Onyemelukwe, founder of Colechurch International, a project management company, uses the theory of factor proportions to scrutinize existing growth and development theories and policies. He looks at the history of the US economy, international trade versus economic development, and growth and globalization. He explains how wealthy countries were able to develop and argues that capital accumulation is not necessary to the growth and development of poor countries. Annotation ©2004 Book News, Inc., Portland, OR
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