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
... in a variety of forms. One need only think of property rights protection in china relative to Japan and the United States. The second edition involved a significant rewriting of chapter 1. The discussion of growth theory is simplified ...
... in a variety of forms. One need only think of property rights protection in china relative to Japan and the United States. The second edition involved a significant rewriting of chapter 1. The discussion of growth theory is simplified ...
Page 4
... in spite of the absence of private-property rights? Why did countries such as India do poorly until the 1980s and then show remarkable growth, while Venezuela did well until the 1980s and poorly thereafter? This book is written with ...
... in spite of the absence of private-property rights? Why did countries such as India do poorly until the 1980s and then show remarkable growth, while Venezuela did well until the 1980s and poorly thereafter? This book is written with ...
Page 12
... in the market, and these rules must be enforced. Rights to the fruits of productivity growth must accrue to those who save and make investments in new capital (tools). Thus, property rights must be affirmed and protected. Competition is ...
... in the market, and these rules must be enforced. Rights to the fruits of productivity growth must accrue to those who save and make investments in new capital (tools). Thus, property rights must be affirmed and protected. Competition is ...
Page 13
... in private market activities. This does not mean that the state has nothing to do. It must provide the foundation for market exchange. Property rights and the rules for market behavior must be enforced. In addition, the state must ...
... in private market activities. This does not mean that the state has nothing to do. It must provide the foundation for market exchange. Property rights and the rules for market behavior must be enforced. In addition, the state must ...
Page 21
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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