Development Microeconomics
Ranked #48 in Microeconomics
Traditional development economics has been revolutionized by the application of economic tools and concepts. This text looks at the entire spectrum of development economics issues, combining the strengths of conventional developmental thought with the insights of contemporary mainstream economics. The main new conceptual tool used is the application of the theory of imperfect information and the effects this has on the the behaviour of economic agents. This helps to explain why perfect competition models rarely have success when dealing with developing economies. The authors also stress the... more
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