Economic development Torado, Michael P. & Smith, Stephen .

Economics, Institutions, and Development: A Global Perspective--How the Other Half Live--Economics and Development Studies--The Nature of Development Economics--Why Study Development--Economics? Some Critical Questions--The Important Role of Values in Development Economics--Economies as Social Systems: The Need to Go Beyond Simple Economics--What Do We Mean by Development?--Traditional Economic Measures--The New Economic View of Development--Sen's "Capabilities" Approach--Three Core Values of Development--The Three Objectives of Development--The Millennium Development Goals--Conclusion Case Study: Progress in the Struggle for More Meaningful Development: Brazil--Comparative Development: Differences and Commonalities among Developing Countries--Defining the Developing World--The Structural Diversity of Developing Economies--Size and Income Level--Historical Background--Physical and Human Resources--Ethnic and Religious Composition--Relative Importance of the Public and Private Sectors and Civil Society--Industrial Structure--Political Structure, Power, and Interest Groups--Common Characteristics of Developing Nations--Low Levels of Living--A Holistic Measure of Living Levels: The Human Development Index--Low Levels of Productivity--High Rates of Population Growth and Dependency Burdens--Substantial Dependence on Agricultural Production and Primary-Product Exports.--Prevalence of Imperfect Markets and Incomplete Information--Dependence and Vulnerability in International Relations.