"Understanding Development"

Book Review # 63126

Business
Economics
English

A review of the book "Understanding Development: People, Markets and the State in Mixed Economies" by Ignacy Sachs.

709 words () | 2 sources | MLA | 2005 United States

Paper Summary:

This paper discusses Richard V. Adkisson's review of the book titled "Understanding Development: People, Markets and the State in Mixed Economies" written by Ignacy Sachs as published in "Journal of Economics in March, 2001". It examines and analyzes Sachs' concept of development within the context of economics.

From the Paper:

"Further, Adkisson stated that his synopsis of Sachs' message was probably oversimplified. He specified that "Understanding Development" covered several topics, such as "looking for new development strategies, globalization, the role of the informal economy, creation of a biomass-based civilization, and planetary citizenship" (Adkisson, 2001). At this time, readers start picking up on the manner Sachs developed his theories, promoted his beliefs and generated his statements. Sachs' theories are wide-ranging, his statements are generalized and his beliefs are based on a "multidimensional measure of development that reflects social and cultural concerns as well as more narrowly economic ones" (Bruton, 2002). "