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I began my career in teaching, research and service in economics in 1968 when I completed my PhD at the University of Illinois (Urbana-Champaign). My first academic appointment was at Duke University, where I was hired as Assistant Professor of Economics in 1969. Two years later I moved to Harvard for a joint appointment in Economics, Law and the Development Advisory Service, (later the Harvard Institute for International Development). I returned to Duke as Professor of Economics and Public Policy in 1984, and later became Dean of the Graduate School and the Dean of Arts and Science.

In 1993 I was selected as President of Rice University, and served in that position until mid-2004. Since then I served as University Professor and Zingler Professor of Economics at Rice. And, in 2015 I was conferred the title of President Emeritus of Rice University.

This is not my first textbook in Economic Development. In 1983, I completed the first edition of Economics of Development with three Harvard University co-authors. The textbook was known as the Gillis, Perkins, Roemer and Snodgrass text for the first five editions.

The present textbook bears scant resemblance to that very successful textbook, as I have had ample time since the early eighties to reflect upon my scholarship and field work. Some of my views changed as a result.

The present book reflects, among other things, my experience on the ground with economic development in nearly 30 nations. This includes very substantial experience in Indonesia over the period 1971-2003, Colombia (1967-1985), Bolivia (1975-1981), Ecuador (1980-84), Ghana (1968-71), Vietnam (2005-2014) and North Korea (2008-2014). I have also benefited from having worked on economic development issues in Panama, Honduras, Mexico, Surinam, Zambia, the Soviet Union (before 1990), China (several occasions from 1988-2005), Pakistan, Bangladesh and Thailand.

Since stepping down as President of Rice in 2004, I have taught a senior level Economic Development course every year save 2005. The course covers two semesters. This book is derived mainly, but not wholly, from my class notes.

The present book, Economic Development for the 21 st Century bears scant resemblance to the textbook I first co-authored with Harvard colleagues over 30 years ago. Over that period, I have had ample opportunity to reflect not only on my own research, teaching and field work, but the vastly changed circumstances facing poorer nations.

Now versus then

In the early eighties, the conventional wisdom in economics (and demography) was that the world was facing a disastrous population explosion . But owing to the rapid, and unforeseen declines in fertility in almost all regions of the world save the Middle East, we now face in many nations, including formerly poor ones, a population implosion.

Fifty years ago, real per capita income in China was barely above US$100. By 2013, per capita income in China (properly measured) was about US$7,500. This amounts to a 75-fold increase in less than 3 generations —unprecedented in world history.

Fifty years ago, the U.S. was the largest economy in the world. It remains so, but not by much. China now has the second largest economy.

The third largest economy—to the surprise of many—is India, which began strong growth only after 1982.

Ten years ago, the U.S. was the largest emitter of greenhouse gases. By 2014, the U.S. was in second place in this category, as China was then responsible for nearly twice the levels of U.S. emissions.

The above is by no means an exhaustive list of the remarkable changes in recent experiences with economic development worldwide. Others would surely include the rapid spread of globalization (both economic and otherwise), a stronger worldwide focus on environmental issues, the collapse of communism in China, Russia and Vietnam, notable increases in mobility of capital across natural borders, the rapidly changing roles of foreign investment and in economic development, and much more.

This collection seeks, it is to be hoped not vainly, to bring into focus all of these marked changes in prospects for economic development in over 120 nations traditionally-but not always accurately-referred to as emerging nations.

Questions & Answers

where we get a research paper on Nano chemistry....?
Maira Reply
nanopartical of organic/inorganic / physical chemistry , pdf / thesis / review
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
ya I also want to know the raman spectra
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
yes that's correct
I think
Nasa has use it in the 60's, copper as water purification in the moon travel.
nanocopper obvius
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
analytical skills graphene is prepared to kill any type viruses .
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
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Source:  OpenStax, Economic development for the 21st century. OpenStax CNX. Jun 05, 2015 Download for free at http://legacy.cnx.org/content/col11747/1.12
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