Economic Development: A Regional, Institutional, and Historical ApproachM.E. Sharpe, 2013 - 296 pages The second edition of this innovative and affordable book integrates environmental and financial sustainability into its distinctive regional approach. By focusing on political economy in its cultural, religious and historical roots, as well as leadership decisions, it spurs critical thinking. Working through the unique development paths of individual countries, the authors foster integrative thinking and a strong sense of realism about both the prospects and challenges of economic development in the rapidly evolving global economy. The book is exceptional in both its theoretical nuance and accessible writing. An Instructors Manual with discussion questions, a test bank, and PowerPoint slides is available online to professors who adopt the text. |
From inside the book
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Page 12
... argued that the wealth of a nation was best measured by its ability to produce goods and services, not its ability to accumulate gold. The process of specialization and division of labor was a powerful factor that allowed growth in the ...
... argued that the wealth of a nation was best measured by its ability to produce goods and services, not its ability to accumulate gold. The process of specialization and division of labor was a powerful factor that allowed growth in the ...
Page 13
... argued that human populations tend to grow at a geometric rate (2, 4, 6, 8, 16, 32, ...), but food grows at an arithmetic rate (1, 2, 3, 4, ...). Eventually, therefore, the rate of population growth will outpace that of food. This ...
... argued that human populations tend to grow at a geometric rate (2, 4, 6, 8, 16, 32, ...), but food grows at an arithmetic rate (1, 2, 3, 4, ...). Eventually, therefore, the rate of population growth will outpace that of food. This ...
Page 14
... argue that this is due to congestion. As more labor works a fixed amount of land, each worker has less land to work, which leads, eventually, to workers getting in one another's way. Thus the increases in output become smaller and ...
... argue that this is due to congestion. As more labor works a fixed amount of land, each worker has less land to work, which leads, eventually, to workers getting in one another's way. Thus the increases in output become smaller and ...
Page 15
... argue that the Corn Laws should be eliminated and grain should be freely imported into England to lower the cost of ... argument in favor of free trade is discussed in Chapter 2. However, it must be noted that free trade is only a short ...
... argue that the Corn Laws should be eliminated and grain should be freely imported into England to lower the cost of ... argument in favor of free trade is discussed in Chapter 2. However, it must be noted that free trade is only a short ...
Page 16
... argued that all of a society's ideas, values, philosophies, music, literature, etc., are fundamentally influenced and determined by the way in which production is carried out (method of production). As the method of production changes ...
... argued that all of a society's ideas, values, philosophies, music, literature, etc., are fundamentally influenced and determined by the way in which production is carried out (method of production). As the method of production changes ...
Contents
3 | |
2 European Emergence | 29 |
3 East Asian Experience | 59 |
Socialist to Market | 97 |
5 SubSaharan Africa | 133 |
6 South Asia | 169 |
7 Latin America | 199 |
8 The Middle East and North Africa | 225 |
What Have We Learned? | 247 |
Index | 257 |
About the Authors | 277 |
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Common terms and phrases
accumulation agricultural productivity agricultural sector areas argued Botswana capital accumulation China Chinese colonial commitment problem costs created decline demographic dividend dependency theorists dependent developing countries diminishing returns discussed domestic dramatically economic development economic growth efflorescence England environment environmental Europe European expansion experience exports extract factors firms GDP per capita growth rate impact important incentive increased India Industrial Revolution industrialization inputs institutional structure investment involved Japan Japanese Kuznets Curve labor land Latin America law of diminishing lineage groups manufacturing MENA modern sector occur output patron-client per-capita GDP per-capita income percent period periphery policies political population growth poverty predatory profit property rights protoindustrial reduce reform region relatively rent seeking result revenue role ruling elite rural significant Smithian growth social society South Asia South Korea Soviet Union sub-Saharan Africa Taiwan theory tion trade transition urban wealth workers