Development and Growth : Theoretical Perspective
Concepts of economic development and economic growth; diverse structures and common characteristics of developing economies; Indices of economic development; historical growth and contemporary perspectives, lessons and controversies.
Theories, models and strategies for economic development: Schumpeter�s Analysis, Rostow�s Stages of Economic growth, doctrine of balanced growth, concept of unbalanced growth, �Big push� theory, critical minimum efforts thesis, Harrod-Domer model, Lewis model of economic growth.
1. M.P Todaro, Development Economics, Pearson, 9th edition, 2006.
2.� G.M Meier and J.E. Rauch, Leading Issues in economic Development, 8th edition, OUP, 2004