First World, Third World

✍ Scribed by William Ryrie (auth.)

• Publisher: Palgrave Macmillan UK
• Year: 1999
• Tongue: English
• Leaves: 268
• Edition: 2
• Category: Library

✦ Synopsis

This new updated and extended edition of First World, Third World examines the failures of aid to eliminate poverty. The world development effort can claim only limited success, and in some parts of the world, especially Africa, failure must be recognised. William Ryrie, while starting from a position of sympathy with the aims of the aid effort, insists that the record must be analysed with ruthless honesty. Well-intentioned aid has often had perverse and harmful effects. One of these has been to undermine the working of the market economy, which offers the best hope for development and growth. His book proposes a new approach to the development task which would reconcile it with market philosophies.

✦ Table of Contents

Front Matter....Pages i-xvii
Half a Century of International Development....Pages 1-34
Success or Failure?....Pages 35-55
The Illusion of State-Managed Development....Pages 56-73
The Market Revolution....Pages 74-93
Global Capital Flows....Pages 94-107
Is Capitalism Right for the Third World?....Pages 108-131
Re-inventing Aid....Pages 132-158
The International Finance Corporation....Pages 159-182
What Future for the World Bank and IMF?....Pages 183-197
The Collapse of the Second World....Pages 198-212
Where Now?....Pages 213-231
Twenty Propositions about Development and Aid....Pages 232-235
Back Matter....Pages 236-253

✦ Subjects

Development Economics; Social Work