Emerging Issues in Economic Development

Description

In recent times, developing countries across the world have focused on a market-driven approach to address their economic issues. While this has resulted in financial growth, it has also led to a spurt in systemic challenges in many nations. This volume explores the concerns faced by emerging economies from a present-day viewpoint, with in-depth analysis of key issues in economic development such as growth, market structure, poverty measurement, corruption, financial scams, voting behaviour, informal credit markets, and technology transfer, through the use of theoretical models. The chapters in this volume have been written in honour of Dipankar Dasgupta and Amitava Bose, two outstanding academicians and contributors to the field of economic theory. With contributions from leading theorists on topics ranging from democracy and development, to patent laws, and environmental concerns, this volume bridges the gap between empirical analysis and a theoretical understanding of emerging issues in economic development.  

Table of contents

Foreword by Kazuo Nishimura
Acknowledgements

Introduction
Sugata Marjit and Meenakshi Rajeev
 

SECTION I  CORRUPTION, INFORMATION, AND TRANSPARENCY
1 When Is Competitive Behaviour a Best Response?
Anjan Mukherji

2 Many Facets of Corruption
Mukul Majumdar and Seung Han Yoo
 

SECTION II  GROWTH, POVERTY, AND MARKETS
3 Inefficiency and the Golden Rule: Phelps-Koopmans Revisited
Tapan Mitra and Debraj Ray

4 A Multidimensional Poverty Index
Asis Kumar Banerjee
 

5 Transaction Costs and Optimal Market Structure
Meenakshi Rajeev
 

6 The Determination of Profits
Romar Correa
 

SECTION III  INFORMAL CREDIT AND MICRO-FINANCE
7 Vertical Linkage between Formal and Informal Credit Markets: Corruption and Credit Subsidy Policy
Sarbajit Chaudhuri and Krishnendu Ghosh Dastidar

8 Sequential Lending: Dynamic Institutions and Micro-finance
Prabal Roy Chowdhury

SECTION IV  DEMOCRACY AND DEVELOPMENT
9 Democracy, Development, and the Informal Sector
Abhirup Sarkar

10 Efficient and Equilibrium Federation Structures with Externalities
Gordon Myers and Abhijit Sengupta

SECTION V  BARGAINING, TECHNOLOGY TRANSFER, AND DETERRENCE
11 Markets with Bilateral Bargaining and Incomplete Information
Kalyan Chatterjee and Bhaskar Dutta

12 Technology Transfer as a Means to Combat Global Warming
Vivekananda Mukherjee, Dirk T.G. Rübbelke, and Tilak Sanyal

13 Early Withdrawal of Patented Drugs as an Entry-deterring Device
Sugata Marjit, Tarun Kabiraj, and Arijita Dutta

14 Entry Deterrence in Banking: The Role of Cost Asymmetry and Adverse Selection
Indrajit Mallick, Sugata Marjit, and Hamid Beladi
 

About the Editors and Contributors
Index