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The Economics of Development
The Subject and Its Spectrum
The economics of development—though it came to the forefront of discussion only after the 1940s with the emergence of a large number of politically free, but economically poor nations—is by no means a new discipline of thought. The problems of development, stagnation and the decline of national economies have always engaged the attention of economists, classical as well as modem. But in recent times, the problem of economic development of low-income countries has attracted worldwide attention because of the desperate attempts of these countries to attain quicker material growth with their limited resources and also due to the conflicts of interest that arise in international forums ...
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