Development, duality, and the international economic regime

by Gustav Ranis

When Gustav Ranis began his scholarly career in the field of economic development, the global economy presented a landscape of widely contrasting conditions. Almost two-thirds of the global population was ill-fed, ill-housed, illiterate, and lacking access to proper medical care. Today, four decades later, while standards of living have generally improved and some areas of Asia, Latin America, and the Middle East have joined the highly productive economies, the gap between the wealthy few and the rest of the world has widened. In a much-needed effort to assess the current issues facing...

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