the less developed economy revisited Basu, Kaushik creator author. Cambridge, Massachusetts The MIT Press 2003 Revised edition. eng 388 pages : illustrations ; 23 cm Analytical Development Economics by Kaushik Basu examines the theoretical and analytical foundations of economic development, focusing on the economic challenges faced by developing countries. The book explores poverty, unemployment, economic growth, rural labour markets, agricultural stagnation, land tenancy, rural credit, and economic policy. By applying economic models and analytical reasoning to real-world problems, it explains the interactions between institutions, markets, and human behaviour in the development process. The book is particularly useful for students, researchers, economists, and policymakers interested in development economics and strategies for improving economic and social welfare. Preliminaries -- Introduction -- The vicious circle of poverty -- Growth and development -- Inflation and structural disequilibrium -- Foreign exchange and trade: some considerations -- International debt -- The structure of a dual economy -- Migration -- Unemployment and surplus labor -- Stagnation in backward agriculture -- Tenancy and efficiency -- Rural credit markets -- Interlinkage in rural markets -- The limits of economic analysis -- References -- Name index -- Subject index. Kaushik Basu. Includes bibliographical references and index. Economic development Developing countries Economic conditions Poverty Economic policy 338.9 BAS/A 9780262523448 (paperback) IN-BhIIT 261021 20261021164925.0 TB12876