Prosperity Versus Planning

Arguing on both theoretical and empirical grounds that the most effective way to promote economic growth is to establish a wall of separation between government and the economy, David Osterfeld presents an alternative development model that is diametrically opposed to the prevalent interventionist paradigm. Emphasizing the importance of the market as an indispensable vehicle for growth, he extends the concept of privatization to the Third World and proposes that many commonly held...
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Arguing on both theoretical and empirical grounds that the most effective way to promote economic growth is to establish a wall of separation between government and the economy, David Osterfeld presents an alternative development model that is diametrically opposed to the prevalent interventionist paradigm. Emphasizing the importance of the market as an indispensable vehicle for growth, he extends the concept of privatization to the Third World and proposes that many commonly held views regarding food production, resource availability and population growth are actually alarmist myths flatly contradicted by the data. Focusing on issues of critical relevance to Third World development, including foreign aid, the role of multinational corporations and foreign investment, migration, the impact of political corruption and a host of other issues, this important and iconoclastic work will be vital reading for anyone concerned about the development of the Third World.