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 xiv
... involved a significant rewriting of chapter 1. The discussion of growth theory is simplified and better integrated with the text. The discussion of development theory focuses on a much more select group of individuals. The regional ...
... involved a significant rewriting of chapter 1. The discussion of growth theory is simplified and better integrated with the text. The discussion of development theory focuses on a much more select group of individuals. The regional ...
Page 5
... those parts of the world that have yet to become involved. In many ways, people there, along with their needs, Table 1.1 Basic Economic Indicators, 2010 GDP per Population capitaa INTRODUCTION TO ECONOMIC DEVELOPMENT 5.
... those parts of the world that have yet to become involved. In many ways, people there, along with their needs, Table 1.1 Basic Economic Indicators, 2010 GDP per Population capitaa INTRODUCTION TO ECONOMIC DEVELOPMENT 5.
Page 7
... involved more than growth in per capita output. Seers believed that development meant the elimination of poverty, unemployment, and inequality. This led to a review of structural issues such as education, health care, population growth ...
... involved more than growth in per capita output. Seers believed that development meant the elimination of poverty, unemployment, and inequality. This led to a review of structural issues such as education, health care, population growth ...
Page 15
... involved. Surplus labor is labor that makes little or no contribution to the level of output, thus its marginal product (in the extreme case) is zero. Labor has increased relative to a fixed amount of land such that the law of ...
... involved. Surplus labor is labor that makes little or no contribution to the level of output, thus its marginal product (in the extreme case) is zero. Labor has increased relative to a fixed amount of land such that the law of ...
Page 29
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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