A comparison of past and present suggests that the launching of modern economic growth in today’s underde- veloped countries may require an even more basic “revolution” than it did in Europe and North America in the late 18th and 19th centuries. The first publication in the new FOUNDA- TIONS OF MODERN ECONOMICS SERIES, this volume presents a frame- work for examining the problems of economic growth and development. Lucidly and colorfully, Dr. Gill empha- sizes the significant contrasts between:
a. the historical development of the economically advanced countries of Europe, North America, and Australasia
b. the problems facing the modern underdeveloped countries.