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 6
... rate (percentage of the population over fifteen years old who can read and write). Reporting years vary between 2006 ... growth was applied by Kuznets to refer to the current economic experience, as contrasted with merchant capitalism or ...
... rate (percentage of the population over fifteen years old who can read and write). Reporting years vary between 2006 ... growth was applied by Kuznets to refer to the current economic experience, as contrasted with merchant capitalism or ...
Page 7
... growth. This introduced education and training as important prerequisites for growth. According to Seers, development was a social phenomenon that involved more than growth in per capita output. Seers believed that development meant the ...
... growth. This introduced education and training as important prerequisites for growth. According to Seers, development was a social phenomenon that involved more than growth in per capita output. Seers believed that development meant the ...
Page 9
... growth, and yet they continue to use per-capita GDP and its growth rate when assessing whether a country has shown signs of development. They confuse prosperity with development even when it is known that one need not necessarily lead ...
... growth, and yet they continue to use per-capita GDP and its growth rate when assessing whether a country has shown signs of development. They confuse prosperity with development even when it is known that one need not necessarily lead ...
Page 13
... growth. Malthus 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 ...
... growth. Malthus 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 ...
Page 14
... in one another's way. Thus the increases in output become smaller and smaller. Ricardo, like Smith, thought that savings, investment, and capital accumulation drive the growth process, and this, in the short run, drives up the cost of ...
... in one another's way. Thus the increases in output become smaller and smaller. Ricardo, like Smith, thought that savings, investment, and capital accumulation drive the growth process, and this, in the short run, drives up the cost of ...
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