Economic Development: A Regional, Institutional, and Historical ApproachM.E. Sharpe, 2007 - 320 pages This innovative textbook provides an introduction to economic development in both an historical and contemporary, comparative, and systems framework. The text takes a regional approach, with the theory developed within regional contexts. This leads to the second innovative aspect, an emphasis on institutional structures unique to each region. Third, the authors analyze the development process within the historical context of each region, and consider institutional inheritance from both the pre-colonial and colonial eras and in contemporary times. Thoroughly classroom tested, the text requires no previous courses in economics, although basic principles of economics would be useful. An Instructor's Manual with discussion questions, a test bank, and PowerPoint slides is available online to instructors who adopt the text. |
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Page 41
... England did indeed become the workshop for the world , to the extent that by the mid - to - late nineteenth century a huge gap had opened between it and all other countries . Specifically , in 1860 England accounted for 45 percent of ...
... England did indeed become the workshop for the world , to the extent that by the mid - to - late nineteenth century a huge gap had opened between it and all other countries . Specifically , in 1860 England accounted for 45 percent of ...
Page 48
... England , but in producing cloth it uses only 20 percent less labor . Thus , relatively , France is best at corn and England's disadvantage is relatively the least in manufacturing cloth . Thus France can produce one more bushel of corn ...
... England , but in producing cloth it uses only 20 percent less labor . Thus , relatively , France is best at corn and England's disadvantage is relatively the least in manufacturing cloth . Thus France can produce one more bushel of corn ...
Page 49
... England . However , its interpretation of the role of free trade in England's growth is quite different . It was not through the exchange of goods that Eng- land benefited as much as via the extraction of profits . That is , the ...
... England . However , its interpretation of the role of free trade in England's growth is quite different . It was not through the exchange of goods that Eng- land benefited as much as via the extraction of profits . That is , the ...
Contents
TABLES FIGURES AND MAPS | 11 |
History of Development Theory | 12 |
Changes in Recent Development Thinking | 27 |
Copyright | |
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absolute convergence Africa agricultural productivity agricultural sector argued Botswana capita income century China colonies commitment problem convergence created decline discussed domestic dramatically economic development economic growth efflorescences England environment environmental Europe European expansion experience exports extract factors farmers fertility firms Gini coefficients growth rates human capital impact import substitution important incentive increased India industrial initial inputs institutional structure investment Japan labor land Latin America levels lineage group manufacturing MENA countries migration nations occur output percent periphery policies political pollution population growth poverty predatory profits property rights protoindustrial rapid reduce reform region relative rent seeking result revenue role ruling elite rural Russia significant Smithian growth social society South Asia South Korea Soviet Union strategy Sub-Saharan Africa Taiwan theory tion total factor productivity trade traditional transition U-form University Press urban wealth workers World Bank