We are now closed for the Christmas and New Year period, returning on Monday 5th January 2026. Orders placed during this time will be processed upon our return on 5th January.
This volume addresses issues facing today's less-developed countries (LDCs). The authors ask who should bear the cost of development and examine a variety of specific policy issues, among them questions of taxation and subsidies to the poor.;The authors believe that such policy issues can be described only by developing and using models that capture the central features of LDCs. They construct a range of simple equilibrium models of LDCs, allowing us to deal with the diversity of institutions and behaviour observed in different LDCs.;Though the book is primarily concerned with issues of taxation, the general methodology has other applications as well. Written in a non-technical style, each chapter contains a statement of problems at hand and a summary of the analysis.
