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. |
From inside the book
Results 1-3 of 39
Page 84
... ( poor ) , have identical values of s , v , and n , then one would expect that the poor country would grow more rapidly . Its capital - output ratio would increase until it reached the same value as in the rich country . In this case ...
... ( poor ) , have identical values of s , v , and n , then one would expect that the poor country would grow more rapidly . Its capital - output ratio would increase until it reached the same value as in the rich country . In this case ...
Page 85
... poor countries . If the return to capital is related to the productivity of capital , then investors will perceive there to be a higher rate of return on investment in P , the poor country . Thus , savings would flow from R to P until s ...
... poor countries . If the return to capital is related to the productivity of capital , then investors will perceive there to be a higher rate of return on investment in P , the poor country . Thus , savings would flow from R to P until s ...
Page 86
... poor country to expand the production of labor - intensive goods , increasing the demand for la- bor , thus driving up the relative wage . In addition , if foreign investment flows into the poor country it will enhance the productivity ...
... poor country to expand the production of labor - intensive goods , increasing the demand for la- bor , thus driving up the relative wage . In addition , if foreign investment flows into the poor country it will enhance the productivity ...
Contents
TABLES FIGURES AND MAPS | 11 |
History of Development Theory | 12 |
Changes in Recent Development Thinking | 27 |
Copyright | |
17 other sections not shown
Other editions - View all
Common terms and phrases
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