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 24
... rise endlessly . However , Equation ( 1.8 ) also implies that capital will rise faster than labor , and thus the law of diminishing returns will set in , the productivity of capital will fall , and v will rise , giving Equation ( 1.11 ) ...
... rise endlessly . However , Equation ( 1.8 ) also implies that capital will rise faster than labor , and thus the law of diminishing returns will set in , the productivity of capital will fall , and v will rise , giving Equation ( 1.11 ) ...
Page 133
... rise in λ will temporarily cause rural to urban migration until λ falls to its equilibrium level . Hence , the number of unemployed workers would rise and the unemployment rate in the economy as a whole would rise if the ur- ban ...
... rise in λ will temporarily cause rural to urban migration until λ falls to its equilibrium level . Hence , the number of unemployed workers would rise and the unemployment rate in the economy as a whole would rise if the ur- ban ...
Page 237
... rise in oil prices resulted in renewed growth and prosperity for these countries . Two factors make long - term immiserizing growth of major oil exporters unlikely . First , in the long term , rising demand for oil may outstrip the ...
... rise in oil prices resulted in renewed growth and prosperity for these countries . Two factors make long - term immiserizing growth of major oil exporters unlikely . First , in the long term , rising demand for oil may outstrip 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