
Pathways to Prosperity
Exploring the Principles and Debates of Economic Development Theory
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Pathways to Prosperity: Exploring the Principles and Debates of Economic Development Theory offers a clear, comprehensive, and engaging journey through the major ideas that have shaped how nations pursue growth, equity, and stability. Written for students, researchers, policymakers, and curious readers alike, this book explains the history and evolution of development theory while showing how these debates remain relevant to today’s global challenges.
From the optimism of modernization theory to the critiques of dependency and structuralism, from the rise of neoliberalism and the Washington Consensus to the focus on institutions, human development, and sustainability, each chapter explores a distinct perspective on what drives prosperity. The book also examines how innovation and technology are reshaping development in the twenty-first century, and how contemporary debates over inequality, climate change, globalization, and digital transformation will shape the future.
Rather than offering one-size-fits-all answers, Pathways to Prosperity emphasizes the strengths and limitations of each framework, encouraging readers to see development as a complex, multidimensional process. By the end, readers will understand how insights from different schools of thought can be combined to inform policies that foster inclusive, equitable, and sustainable growth.
Whether you are studying economics, preparing for exams, working in public policy, or simply seeking to understand the forces shaping global inequality, this book provides the knowledge and perspective to engage with one of the most important questions of our time: how societies can create prosperity that lasts.
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