First World, Third World

✍ Scribed by William Ryrie (auth.)

• Publisher: Palgrave Macmillan UK
• Year: 1995
• Tongue: English
• Leaves: 248
• Edition: 1
• Category: Library

✦ Synopsis

Over a billion people still live in abject poverty. International aid, and its organs such as the World Bank, can claim only limited success. Indeed, in some parts of the world, especially Africa, they must acknowledge failure. William Ryrie analyses the record of international aid with ruthless honesty, while sympathising with its objectives. Aid has often had perverse and harmful effects. Probably its most basic failure has been to undermine the working of the market economy, which offers the best hope of rapid growth and declining poverty. Ryrie argues that a new intellectual basis for aid must urgently be found and the development task redefined, concluding this stimulating book with some novel and provocative proposals.

✦ Table of Contents

Front Matter....Pages i-xv
International Development, 1949–94....Pages 1-32
Success or Failure?....Pages 33-51
The Heavy State....Pages 53-68
The Market Revolution....Pages 69-87
Is Capitalism Right for the Third World?....Pages 89-109
Re-inventing Aid....Pages 111-119
Aid to the Private Sector....Pages 121-135
The International Finance Corporation, 1984–93....Pages 137-161
What Future for the World Bank and IMF?....Pages 163-177
The Collapse of the Second World....Pages 179-194
Where Now?....Pages 195-218
Twenty-one Propositions about Development and Aid....Pages 219-222
Back Matter....Pages 223-240

✦ Subjects

Development Economics