Economic Progress and Policy in Developing Countries

ECONOMIC PROGRESS & POLICY: A. MADDISON

Contents

ACKNOWLEDGMENTS page 7

I. Postwar Growth in Historical Perspective 15

II. Reasons for Accelerated Growth and Variations in Performance 34

III. The Overall Strategy of Development 63

IV. The Reasons for Instability 91

V. Has Agriculture Been Neglected? 120

VI. Has Industrialization Been Too Costly? 161

VII. Foreign Markets for Goods and Services 197 VIII. External Finance 216

IX. Population Control and Economic Growth 253

X. Conclusions 266

APPENDIX

A. Levels of Real Output 278

B. Growth of Total Output 297

C. Population and, Employment 302

D. Investment and External Finance 306

E. Foreign Trade 312

INDEX 314