Why Developing Countries Fail to Develop: International Economic Framework and Economic Subordination

Front Matter....Pages i-xix
Introduction....Pages 1-5
Front Matter....Pages 7-7
The Development Dilemma....Pages 9-30
Front Matter....Pages 31-31
Metaeconomics....Pages 33-45
A Synoptic View of Economic Historic States in Theoretical Perspective: Before the Industrial Revolution....Pages 46-61
A Synoptic View of the Industrial Revolution in Theoretical Perspective....Pages 62-76
Types of Developing Countries....Pages 77-86
Front Matter....Pages 87-87
Determination of International Commodity Prices....Pages 89-103
Commodity Price Shocks and World Economies....Pages 104-122
Changing Export Income and the Developing Countries’ Economy: A Diagrammatic Representation....Pages 123-135
Front Matter....Pages 137-137
The Macroeconomics of Economic Subordination and Drain....Pages 139-150
The Wage Goods Constraint for Employment and Development....Pages 151-161
Violations of Macro Constraints and Inflation: Different Types of Demand-pull and Cost-push Inflations, with Indian Illustrations....Pages 162-178
Front Matter....Pages 179-179
The Role of Scarcity Value and Market Price....Pages 181-195
Implications of Adopting Modern Technology....Pages 196-213
The Economics of Technology Transfer....Pages 214-226
Front Matter....Pages 227-227
The Role of Subsidies and Import Controls in Modernising Low-income Countries....Pages 229-243
Partnership in Development....Pages 244-257
Foreign Exchange-constrained Developing Economies....Pages 258-270
Front Matter....Pages 271-271
Why International Price Structures Differ....Pages 273-281
Back Matter....Pages 282-303