Description:
This book examines the critical themes of employment, growth and development, to focus on challenges and opportunities, both old and new, in the contemporary world economy. The essential theme that runs through the book is that there is a strong relationship not only between employment and growth but also between employment and development, where the causation runs in both directions. The author shows how employment transforms economic growth into meaningful development by providing livelihoods and incomes to people.
Review Quotes:
"Deepak Nayyar is a rare breed among economists. At a time when economists migrate to 'fashionable' fields like monetary economics, trade theories and derivatives, he retains an abiding interest in development economics with special reference to the growth and welfare concerns of developing countries... This book has set the tone for a larger debate on development economics."
Kandaswami Subramanian, The Hindu