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
Page xi
... China and Russia 96 Africa 132 South Asia 168 European Land in the Americas 198 The Middle East and North Africa 224 Preface Most comprehensive books on economic development follow a similar xi Tables, Figures, and Maps.
... China and Russia 96 Africa 132 South Asia 168 European Land in the Americas 198 The Middle East and North Africa 224 Preface Most comprehensive books on economic development follow a similar xi Tables, Figures, and Maps.
Page 6
... land area in square kilometers. c Total population is based on the de facto definition of population (in millions). d Adult literacy rate (percentage of the population over fifteen years old who can read and write). Reporting years vary ...
... land area in square kilometers. c Total population is based on the de facto definition of population (in millions). d Adult literacy rate (percentage of the population over fifteen years old who can read and write). Reporting years vary ...
Page 13
... and division of labor did not occur to any significant extent. However, the growth of factories and mass production employed Table 1.2 Law of Diminishing Returns Labor Land Total output INTRODUCTION TO ECONOMIC DEVELOPMENT 13.
... and division of labor did not occur to any significant extent. However, the growth of factories and mass production employed Table 1.2 Law of Diminishing Returns Labor Land Total output INTRODUCTION TO ECONOMIC DEVELOPMENT 13.
Page 14
... land and labor, and that the supply of land is fixed while that of labor grows. If technology does not change, then as increasing amounts of labor are applied to a fixed amount of land, output will increase, but in diminishing amounts ...
... land and labor, and that the supply of land is fixed while that of labor grows. If technology does not change, then as increasing amounts of labor are applied to a fixed amount of land, output will increase, but in diminishing amounts ...
Page 15
... land, and no saving or capital accumulation occurs. Surplus labor exists, and decision making is traditional in nature. Traditional decision making does not involve profit maximization. Instead, output is shared among members of the ...
... land, and no saving or capital accumulation occurs. Surplus labor exists, and decision making is traditional in nature. Traditional decision making does not involve profit maximization. Instead, output is shared among members of the ...
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