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 xiii
... important, and this emphasis on history represents the third innovative aspect of the book. Fourth, every chapter ends with a reflection on what has been learned from the particular region's experience. This reflection ties together the ...
... important, and this emphasis on history represents the third innovative aspect of the book. Fourth, every chapter ends with a reflection on what has been learned from the particular region's experience. This reflection ties together the ...
Page 5
... importance over monetary factors. In the late 1980s, “new” growth theory, which emphasized the role of human capital in the growth process, rekindled interest in growth theory. Paul Romer and Robert Lucas's works on increasing returns ...
... importance over monetary factors. In the late 1980s, “new” growth theory, which emphasized the role of human capital in the growth process, rekindled interest in growth theory. Paul Romer and Robert Lucas's works on increasing returns ...
Page 7
... 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 elimination of poverty, unemployment, and ...
... 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 elimination of poverty, unemployment, and ...
Page 13
... important social institution in England, because it allowed an individual who wanted to become a skilled artisan to learn from someone who was already skilled in a particular trade. The apprentice would earn only his room and board ...
... important social institution in England, because it allowed an individual who wanted to become a skilled artisan to learn from someone who was already skilled in a particular trade. The apprentice would earn only his room and board ...
Page 20
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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