In This Review

Economic Growth in the Third World, 1850-1980
Economic Growth in the Third World, 1850-1980
By Lloyd G. Reynolds
Yale University Press, 1985, 469 pp

Too often the past has been neglected by those who have prescribed for the present and future of developing countries. This attractive and ambitious essay in economic history surveys the growth of 41 of the larger developing countries. It provides national summaries, Professor Reynold's careful generalizations and his sharp analytic comments on political as well as economic issues. Although it cannot deal thoroughly with everything, the book is interesting on such troublesome questions as the economics of colonialism, the persistence of poverty with growth, the gains from exporting compared to the resulting dependency and the proper functions of government in promoting growth. There is a good bibliography.