Economic DevelopmentM.E. Sharpe |
From inside the book
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... tothe circumstances facinga particular economy.Lessdeveloped countriesare seenas facing low levelsof physicalandhuman capital, incomplete markets, and poor institutions. This standard approach is incomplete in that it does not address ...
... tothe circumstances facinga particular economy.Lessdeveloped countriesare seenas facing low levelsof physicalandhuman capital, incomplete markets, and poor institutions. This standard approach is incomplete in that it does not address ...
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... tothe secondinnovative aspectof the book: an emphasison institutional structure, with different regions illustrating diverse institutional structures. In doing this,the historyofthe particular region becomesimportant, andthis emphasison ...
... tothe secondinnovative aspectof the book: an emphasison institutional structure, with different regions illustrating diverse institutional structures. In doing this,the historyofthe particular region becomesimportant, andthis emphasison ...
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... tothe first three characteristicsof development mentioned here. The lattertwowere addedbyeconomists such as T.W. Schultz(1962) and Dudley Seers (1969). Shultz introducedthe concept of human capital as a necessary ingredient for growth ...
... tothe first three characteristicsof development mentioned here. The lattertwowere addedbyeconomists such as T.W. Schultz(1962) and Dudley Seers (1969). Shultz introducedthe concept of human capital as a necessary ingredient for growth ...
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... tothe fruits of productivity growth mustaccrue to those who save andmake investmentsin new capital (tools). Thus, property rights must be affirmed and protected. Competition is the key to the efficient operation of markets. Competition ...
... tothe fruits of productivity growth mustaccrue to those who save andmake investmentsin new capital (tools). Thus, property rights must be affirmed and protected. Competition is the key to the efficient operation of markets. Competition ...
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... tothe implication that history, geography, and institutionsare important. Past history plays an important rolein determining thepathtaken bytechnological and economicdevelopment. Economic historians often refer tothe“lockin ...
... tothe implication that history, geography, and institutionsare important. Past history plays an important rolein determining thepathtaken bytechnological and economicdevelopment. Economic historians often refer tothe“lockin ...
Contents
Growth Versus Development HistoryofDevelopment Theory | |
References | |
European Emergence Growth Duringthe IndustrialRevolution | |
Protoindustrialization and Trade | |
Exploitation and Slavery The Evolutionand Role of Political Institutions | |
Recent Experience | |
The Chinese Experience | |
Explanation forDifferent ReformPaths Recent Chinese Experience | |
Urban Bias and Migration | |
Lineage Groups Fertility andthe Transition Demographic | |
Role of the Government What We Have Learned | |
Population Growth the Commitment Problem | |
TheMiddle East and North Africa | |
The Emergence of NationStates Petroleum Exports and the Petroleum Exporters | |
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Common terms and phrases
accumulation agricultural productivity agricultural sector andthe argued Asia Botswana bythe capital capital accumulation China Chinese colonial commercial comparative advantage competition created decline demographic dividend dependency theorists dependent developing countries developmental discussed domestic dramatically economic development economic growth efflorescences England environment environmental equilibrium Europe European expansion experience exports extract farmers firms fromthe growth rate impact important incentive income increased independence India Industrial Revolution industrialization infrastructure inputs institutional structure inthe investment involved Japan Japanese labor laborintensive land Latin America lineage groups longterm manufacturing Mform occur ofthe onthe organization output patronclient peasant percent periphery policies political population poverty predatory problem profit protoindustrial rapid reduce reform region rent seeking result revenue ruling elite rulingelite rural significant Smithian growth social South Asia South Korea Soviet Union subSaharan Africa surplus Taiwan theruling elite tobe tothe trade transition urban wealth withthe workers