<< Chapter < Page Chapter >> Page >

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

Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
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
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
Bharti
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
Daniel
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
for teaching engĺish at school how nano technology help us
Anassong
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
NANO
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
Virgil
is Bucky paper clear?
CYNTHIA
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
NANO
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Harper
Do you know which machine is used to that process?
s.
how to fabricate graphene ink ?
SUYASH Reply
for screen printed electrodes ?
SUYASH
What is lattice structure?
s. Reply
of graphene you mean?
Ebrahim
or in general
Ebrahim
in general
s.
Graphene has a hexagonal structure
tahir
On having this app for quite a bit time, Haven't realised there's a chat room in it.
Cied
what is biological synthesis of nanoparticles
Sanket Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
Privacy Information Security Software Version 1.1a
Good
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get the best Algebra and trigonometry course in your pocket!





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
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Economic development for the 21st century' conversation and receive update notifications?

Ask