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
... trade, international finance, and the like. Within each chapter, there is generally a theoretical presentation, which is then illustrated through reference to a number of country-specific examples. Recently, several books have taken a ...
... trade, international finance, and the like. Within each chapter, there is generally a theoretical presentation, which is then illustrated through reference to a number of country-specific examples. Recently, several books have taken a ...
Page 3
... (trade), and institutional differences. Some factors are exogenous (i.e., caused by factors outside the economy) while others are not. Certain factors, such as technology, were presumed to be exogenous but have since been found to be ...
... (trade), and institutional differences. Some factors are exogenous (i.e., caused by factors outside the economy) while others are not. Certain factors, such as technology, were presumed to be exogenous but have since been found to be ...
Page 12
... trade could be regulated so as to promote exports (via subsidy) and restrict imports (via tariffs). A positive balance of trade (exports minus imports) implies that foreigners would pay the balance due to England in terms of gold ...
... trade could be regulated so as to promote exports (via subsidy) and restrict imports (via tariffs). A positive balance of trade (exports minus imports) implies that foreigners would pay the balance due to England in terms of gold ...
Page 15
... trade was a mechanism for offsetting the law of diminishing returns in agriculture. This was one reason Ricardo favored free trade. A more general argument in favor of free trade is discussed in Chapter 2. However, it must be noted that ...
... trade was a mechanism for offsetting the law of diminishing returns in agriculture. This was one reason Ricardo favored free trade. A more general argument in favor of free trade is discussed in Chapter 2. However, it must be noted that ...
Page 16
... trade can allow the growth process to continue. Alternatively, in an economy closed to trade, the productivity of the agricultural sector must increase. Thus in a closed-economy setting (no trade), balanced growth is the only possible ...
... trade can allow the growth process to continue. Alternatively, in an economy closed to trade, the productivity of the agricultural sector must increase. Thus in a closed-economy setting (no trade), balanced growth is the only possible ...
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