Emerging Issues in Economic Development

In recent times developing countries across the world have focused on a market-driven approach to address their economic issues. While this has resulted in financial growth it has also led to a spurt in systemic challenges in many nations. This volume explores the concerns faced by emerging economies from a present-day viewpoint with in-depth analysis of key issues in economic development such as growth market structure poverty measurement corruption financial scams voting behavior informal credit markets and technology transfer through the use of theoretical models.The chapters in this volume have been written in honor of Dipankar Das Gupta and Amitava Bose two outstanding academicians and contributors to the field of economic theory. With contributions from leading theorists on topics ranging from democracy and development to patent laws and environmental concerns this volume bridges the gap between empirical analysis and a theoretical understanding of emerging issues in economic development.Foreword by Kazuo Nishimura Acknowledgements Introduction Sugata Marjit and Meenakshi RajeevSection I Corruption Information and TransparencyWhen is Competitive Behavior a Best Response? Anjan MukherjiMany Facets of Corruption Mukul Majumdar and Seung Han YooSection II Growth Poverty and MarketsInefficiency and the Golden Rule: Phelps-Koopmans RevisitedTapan Mitra and Debraj RayA Multidimensional Poverty Index Asis Kumar BanerjeeTransaction Costs and Optimal Market StructureMeenakshi RajeevThe Determination of ProfitsRomar CorreaSection Iii Informal Credit And Micro-FinanceVertical Linkage between Formal and Informal Credit Markets: Corruption and Credit Subsidy PolicySarbajit Chaudhuri and Krishnendu Ghosh DastidarSequential Lending: Dynamic Institutions and Micro-financePrabal Roy ChowdhurySection Iv Democracy And DevelopmentDemocracy Development and the Informal Sector Abhirup SarkarEfficient and Equilibrium Federation Structures with ExternalitiesGordon Myers and Abhijit SenguptaSection V Bargaining Technology Transfer and DeterrenceMarkets with Bilateral Bargaining and Incomplete InformationKalyan Chatterjee and Bhaskar DuttaTechnology Transfer as a Means to Combat Global WarmingVivekananda Mukherjee Dirk T.G. Rübbelke and Tilak SanyalEarly Withdrawal of Patented Drugs as an Entry-deterring Device Sugata Marjit Tarun Kabiraj and Arijita DuttaEntry Deterrence in Banking: The Role of Cost Asymmetry and Adverse SelectionIndrajit Mallick Sugata Marjit and Hamid BeladiAbout the Editors and Contributors Index