Abstract
The very word ‘capitalism’ offends many people to whom it suggests a jungle-world of unfettered market forces, driven by greed, in which the rich become richer and the poor are neglected or exploited. Can this be the ‘development’ we want for poor countries?
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Notes and References
Moises Naim, Latin America’s Journey to the Market. International Center for Economic Growth, Panama City, 1995.
See George Psacharopoulos in World Development, vol 22, no 9, 1994.
Simon Kuznets, Towards a Theory of Economic Growth. Doubleday, New York, 1956.
See, in particular, Deininger and Squire in World Bank Economic Review, vol. 10, no. 3 1996.
N. Birdsall and R. Sabot, Inequality, Exports and Human Capital in East Asia: Lessons for Latin America, OECD, Paris, 1994.
For a good summary of recent research on poverty and growth, see Bruno, Ravallion and Squire ‘Equity and Growth in Developing Countries: Old and New Perspectives on the Policy Issues’ in Perspectives on Aid and Development, Policy Essay No. 22. Overseas Development Council, Washington, DC, 1997.
Peter Berger, The Capitalist Revolution. New York: Basic Books, 1986 p. 74.
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© 1999 Sir William Ryrie, KCB
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Ryrie, W. (1999). Is Capitalism Right for the Third World?. In: First World, Third World. Palgrave Macmillan, London. https://doi.org/10.1057/9780230596818_6
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DOI: https://doi.org/10.1057/9780230596818_6
Publisher Name: Palgrave Macmillan, London
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