First World Third World

✍ Scribed by William Ryrie

• Publisher: Palgrave MD
• Year: 1999
• Tongue: English
• Leaves: 271
• Edition: 2nd Revised edition
• 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 of rapid growth and declining poverty. Ryrie argues that a new intellectual basis for aid must be formulated urgently. His book proposes a new approach to the development task which would reconcile it with market philosophies.

✦ Table of Contents

Contents......Page 6
List of Figures......Page 7
List of Tables......Page 8
Acknowledgements......Page 9
Foreword to the Second Edition......Page 10
Introduction......Page 13
1. Half a Century of International Development......Page 19
2. Success or Failure?......Page 53
3. The Illusion of State-Managed Development......Page 74
4. The Market Revolution......Page 92
5. Global Capital Flows......Page 112
6. Is Capitalism Right for the Third World ?......Page 126
7. Re-inventing Aid......Page 150
8. The International Finance Corporation......Page 177
9. What Future for the World Bank and IMF?......Page 201
10. The Collapse of the Second World......Page 216
11. Where Now?......Page 231
12. Twenty Propositions about Development and Aid......Page 250
Notes and References......Page 254
Index......Page 258