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
Results 1-5 of 88
Page xi
... Increasing Returns in Knowledge 21 A.1 Steady-State Growth 27 3.1 Catching Up 69 4.1 Pollution and GDP Per Capita 124 Maps World Population Growth Rates 2 Europe 28 Southeast Asia 58 China and Russia 96 Africa 132 South Asia 168 ...
... Increasing Returns in Knowledge 21 A.1 Steady-State Growth 27 3.1 Catching Up 69 4.1 Pollution and GDP Per Capita 124 Maps World Population Growth Rates 2 Europe 28 Southeast Asia 58 China and Russia 96 Africa 132 South Asia 168 ...
Page 3
... set of explanations does not fit all. What works for one country may not work for another. Why is it that some countries increased the size of the production pie, but only a few individuals within 3 1. Introduction to Economic Development.
... set of explanations does not fit all. What works for one country may not work for another. Why is it that some countries increased the size of the production pie, but only a few individuals within 3 1. Introduction to Economic Development.
Page 5
... increasing returns to scale and endogenous growth marked a new era of interest in growth. Growth literature in the ... increases in per-capita GDP, yet lag far behind in other areas of development. As mentioned, after the end of World ...
... increasing returns to scale and endogenous growth marked a new era of interest in growth. Growth literature in the ... increases in per-capita GDP, yet lag far behind in other areas of development. As mentioned, after the end of World ...
Page 14
... increases from 1 to 2 to 3, and so on. The third column represents total output, and the fourth is the marginal product of labor (MPL), the increase in output that occurs as labor is increased by 1 unit. The final column represents the ...
... increases from 1 to 2 to 3, and so on. The third column represents total output, and the fourth is the marginal product of labor (MPL), the increase in output that occurs as labor is increased by 1 unit. The final column represents the ...
Page 15
... increased relative to a fixed amount of land such that the law of diminishing returns has caused the marginal product of a substantial part of the labor force to be zero. However, traditional decision making implies that output will be ...
... increased relative to a fixed amount of land such that the law of diminishing returns has caused the marginal product of a substantial part of the labor force to be zero. However, traditional decision making implies that output will be ...
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 |
Other editions - View all
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