It is from a book review of Nikkei newspaper the other day.
“Why poor countries do not go away” Otsuka Keijiro Author
“Review “Keio University Professor Yasunori Fujita
The preamble abbreviation
The “system of common sense", as will be expressed with integrity economics, and “common sense is collection of prejudices acquired by age 18”, that, as symbolized by the words of Einstein that, to obtain the correct common sense is difficult.
Omit the last part
Development Economics Introduction to preach priorities of investment
Imagine, the construction of a large farm of white colonial power is moved during the colonial period, the majority of the population is agricultural country that has been forced to live in “poverty line" following as peasants and agricultural workers.
Mountains devastated for sloppy management by the country, the city continues to expand at the influx of impoverished farmer, a man of education, and wages of those working for a small company is low.
In Chapter 6 this book, as an example a country like this, with a "no-no to ", “what to do " is described. To transfer to the peasants by the landlord confiscated from cultivated land, it protects the forest managed jointly by farmers in the “social forestry”, "To develop the heavy and chemical industries in favor of large companies”, "It sets a high minimum wage “.
The authors raise issues developing such policies is, correct.
The author, behavioral intellectuals he is familiar with the economic theory of Chicago style, for 35 years, has continued to field study in Africa and Asia. This book’s introduction he has written down the results. The reader must feel the joy of step by step closer to the top of the development economics. This is the case also is a humble academic but therefore enough to represent the “tip of the iceberg," the study of itself, give out discussion does not take into account the mechanism of economic development is the only developed economy to the “logical “.
This book, the development economics, is defined as "academic discipline to study the strategy to contribute to poverty reduction in poor developing countries", this book reveals the order and areas for investment of limited resources.
The "necessity is the mother of invention, but the rise in the price many of them” as, while also focusing on market mechanism, also recognize its limitations, should invest, "areas where the market has failed", he argues with.
Economics, the "system of common sense", as will be expressed with integrity, that, as symbolized by the words of Einstein called "a collection of prejudices acquired by age 18 and common sense", to obtain the correct common sense is difficult.
"Basics of agriculture family-run", “It does not lead to sustainable economic development in low-income countries, even if the heavy and chemical industrialization hastily", "Minimum wage policy, embarrass workers bad luck", such as, to know them in this book, the reader will feel the joy and fresh surprise.
Correct development policy is born when common sense is organized. Answer to development policy at the beginning is "incorrect". Why policy plausible at first glance may not be justified. It can be seen that by this book, it did not know, that it that would have been found not know, sequel becomes impatient spirit of inquiry is being stirs. It is a book that the essence of learning is known, is a bridge between development assistance and development economics.