As people in wealthy countries live long lives and have, if anything, too much to eat, extreme poverty lingers in swathes of the world. People drink dirty water and die of curable diseases, and famine remains a threat.
Why? And how can we best help? Is aid the solution? Or part of the problem? How can it be that having figured out how to prevent cholera and produce plenty of food it’s taken so long to roll out those achievements around the world? These are some of the questions addressed by development economists, and you’ll see some of the answers they’ve come up and some of the debates that divide the field below.
Why The West Rules - For Now: The Patterns of History and what they reveal about the Future
by Ian Morris
Why Nations Fail
by Daron Acemoglu and James Robinson
China 2030: Building a Modern, Harmonious, and Creative Society
by Development Research Center of the State Council & World Bank
The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
by Ruchir Sharma
Uprising: Will Emerging Markets Shape or Shake the World Economy?
by George Magnus
What determines whether a country goes backwards or forwards? Why have so few developing countries joined the ranks of rich nations? George Magnus, former chief economist of UBS, chooses books to help us reflect on what it is that societies need in order to be successful.
What is economic development? What does it take to make it happen? What can we learn from the days Britain was still a developing country? Eminent Indian economist, Pranab Bardhan, recommends the best books to better understand economic development.
Modern microfinance was born in the late 1970s, and is now viewed as a key way of helping people in poor countries get out of poverty. Author and practitioner Stuart Rutherford recommends the best books to get a basic understanding of microfinance.