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 xiv
... discussed above are often reflected in diverse institutional forms. for example, protection for income streams flowing from investment is essential for economic development. However, the institutional provisions of such protection can ...
... discussed above are often reflected in diverse institutional forms. for example, protection for income streams flowing from investment is essential for economic development. However, the institutional provisions of such protection can ...
Page 15
... discussed in Chapter 2. However, it must be noted that free trade is only a short-run solution to the problems generated by the law of diminishing returns, because slow growth of world production of food grains will eventually activate ...
... discussed in Chapter 2. However, it must be noted that free trade is only a short-run solution to the problems generated by the law of diminishing returns, because slow growth of world production of food grains will eventually activate ...
Page 16
... discussed here is Karl Marx (1818–1883), whose work covers a vast area in social science, so the focus is on his ideas that are most relevant to economic growth. First, Marx's perspective was materialist in nature—which means that he ...
... discussed here is Karl Marx (1818–1883), whose work covers a vast area in social science, so the focus is on his ideas that are most relevant to economic growth. First, Marx's perspective was materialist in nature—which means that he ...
Page 17
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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