Economic Growth in an Open Developing Economy
The Role of Structure and Demand
This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty.
‘The book is very well written and offers a host of theoretical and empirical insights into the problems at hand. It contains the fruits of the lifelong studies of a major development economist and is a must for everyone working in the field under consideration. Tony Thirlwall is to be congratulated for opening the reader’s eyes and freeing him from the fetters of ideology and prejudice.’
– Heinz D. Kurz, Applied Economics Journal
‘Economic Growth in an Open Developing Economy is revealed as a tour de force. It would serve equally well as either an introductory primer on balance-of-payments-constrained growth theory, or as a summary of the current state of the art for those already acquainted with the field. As such, it deserves to be read by all students and professionals with a sincere interest in long run growth and development.’
– Review of Keynesian Economics
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Cheltenham, Glos GL50 2JA. Registered number: 2041703
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