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The political economy of poverty, equity, and growth : Malawi and Madagascar /
Frederic L. Pryor.
New York : Published for the World Bank [by] Oxford University Press, c1990.
xiv, 470 p. : map ; 24 cm. --
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New York : Published for the World Bank [by] Oxford University Press, c1990.
catalogue key
Includes bibliographical references (p. 437-457) and index.
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Full Text Reviews
Appeared in Choice on 1991-07:
The World Bank has sponsored several comparative studies to "provide a critical evaluation of the economic history of selected developing countries in 1950-85." This, the first study in the series to be published, is important because not much scholarly work has been done on either of the two countries examined. Malawi and Madagascar are both low-income East African countries with similar populations. On the surface, Malawi is more of a market-driven economy, whereas Madagascar is more of a planned economy. Many of the African countries have poor quality basic statistics, and these two countries are no exception. In view of that, Pryor has done an admirable job of comparing and contrasting the two countries with respect to economic institutions, economic growth, agriculture, foreign trade and balance of payments, manufacturing and transportation, the government sector, and distribution of income. Perhaps the most innovative chapter in the book is the last, "Explorations in Political Economy." This "exercise in positive economics" richly deserves the attention of all students of economic development. -D. N. Sinha, Central State University (OK)
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Choice, July 1991
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