Development and change

This volume - in honour of K. N. Raj, internationally known for his contributions to development economics - is an outstanding collection of essays in development economics. The authors have contributed significantly to development theory and policy and have influenced the course of development economics over a long period of time. The essays fall into three sections: development theory, comparative development experience and Indian development experience. The majority emphasize the importance of institutions and their responses to the forces of change during the process of development. The essays in the theory section push development economics in new directions and pose fresh problems for analysis. In the comparative analysis section, the authors contrast the development experiences of three major regions: East Asia (especially China), Latin America, and South Asia (particularly India). These essays also deal with issues associated with structural adjustment programmes that have been or are being implemented in these economies. The third section deals with issues and problems of Indian economic development. The critical role of agriculture and the neglect of agricultural reform i