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 xv
... experiences in using the first edition in the classroom. The students in these classes made numerous useful comments, which ultimately improved the work. We thank an anonymous reviewer for a number of useful suggestions. Also, we thank ...
... experiences in using the first edition in the classroom. The students in these classes made numerous useful comments, which ultimately improved the work. We thank an anonymous reviewer for a number of useful suggestions. Also, we thank ...
Page 3
... experiences. Such explanations are varied and wide ranging, such as differences in human capital, natural resource endowments, population density, degree of openness, market structures, government policies, technology, geography ...
... experiences. Such explanations are varied and wide ranging, such as differences in human capital, natural resource endowments, population density, degree of openness, market structures, government policies, technology, geography ...
Page 4
... experiences in mind. It looks at different parts of the developing world and seeks to explain what worked where and what went wrong. The following chapters attempt to identify and analyze which of these explanations are pertinent to ...
... experiences in mind. It looks at different parts of the developing world and seeks to explain what worked where and what went wrong. The following chapters attempt to identify and analyze which of these explanations are pertinent to ...
Page 5
... experienced a lull, rekindled by Robert Solow's neoclassical growth theory, in 1956, which is based on the assumption of diminishing returns. In the 1970s, interest shifted from growth theory to monetary theories, business cycles, and ...
... experienced a lull, rekindled by Robert Solow's neoclassical growth theory, in 1956, which is based on the assumption of diminishing returns. In the 1970s, interest shifted from growth theory to monetary theories, business cycles, and ...
Page 6
... experience, as contrasted with merchant capitalism or feudalism. Today, we understand economic development as combining (1) self-sustaining growth; (2) structural changes in patterns of production; (3) technological upgrading; (4) ...
... experience, as contrasted with merchant capitalism or feudalism. Today, we understand economic development as combining (1) self-sustaining growth; (2) structural changes in patterns of production; (3) technological upgrading; (4) ...
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