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. |
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Page 3
... factors are exogenous (i.e., caused by factors outside the economy) while others are not. Certain factors, such as technology, were presumed to be exogenous but have since been found to be endogenously determined (i.e., caused by ...
... factors are exogenous (i.e., caused by factors outside the economy) while others are not. Certain factors, such as technology, were presumed to be exogenous but have since been found to be endogenously determined (i.e., caused by ...
Page 5
... factors. In the late 1980s, “new” growth theory, which emphasized the role of human capital in the growth process ... factor productivity, embodied or endogenously determined technology, the direction of causality between human capital ...
... factors. In the late 1980s, “new” growth theory, which emphasized the role of human capital in the growth process ... factor productivity, embodied or endogenously determined technology, the direction of causality between human capital ...
Page 7
... factors that improve human capital can also improve the quality of human resources. Efforts at quantifying and identifying proxies for these measures have led to several different indexes. Some of these measures are skewed toward the ...
... factors that improve human capital can also improve the quality of human resources. Efforts at quantifying and identifying proxies for these measures have led to several different indexes. Some of these measures are skewed toward the ...
Page 12
... factor that allowed growth in the ability to produce. For this to occur, the production process must be broken down into specific tasks, and labor must be divided into groups, each of which would specialize in a particular task. This ...
... factor that allowed growth in the ability to produce. For this to occur, the production process must be broken down into specific tasks, and labor must be divided into groups, each of which would specialize in a particular task. This ...
Page 18
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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