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 9
... (1723–1790) published his treatise, An Inquiry into Nature and Causes ofthe Wealth ofNations, which was taken by many to be Figure 1.1 Correlation Between Per-Capita GDP and Life Expectancy, 2000 INTRODUCTION TO ECONOMIC DEVELOPMENT 9.
... (1723–1790) published his treatise, An Inquiry into Nature and Causes ofthe Wealth ofNations, which was taken by many to be Figure 1.1 Correlation Between Per-Capita GDP and Life Expectancy, 2000 INTRODUCTION TO ECONOMIC DEVELOPMENT 9.
Page 12
... wealth of a nation was related to the amount of gold that a society accumulates, where gold represented money. For a society that lacked gold, such as England, trade could be regulated so as to promote exports (via subsidy) and restrict ...
... wealth of a nation was related to the amount of gold that a society accumulates, where gold represented money. For a society that lacked gold, such as England, trade could be regulated so as to promote exports (via subsidy) and restrict ...
Page 13
... wealthy through saving, investment, and the accumulation of tools (capital). But this must occur within a competitive market system in which specialization and division of labor accompany capital accumulation. T.R. Malthus (1766–1834) ...
... wealthy through saving, investment, and the accumulation of tools (capital). But this must occur within a competitive market system in which specialization and division of labor accompany capital accumulation. T.R. Malthus (1766–1834) ...
Page 17
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Page 25
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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