eBook

In Search of Prosperity

Rodrik, Dani

2012,2003,2015

Overview

The economics of growth has come a long way since it regained center stage for economists in the mid-1980s. Here for the first time is a series of country studies guided by that research. The thirteen essays, by leading economists, shed light on some of the most important growth puzzles of our time. How did China grow so rapidly despite the absence of full-fledged private property rights? What happened in India after the early 1980s to more than double its growth rate? How did Botswana and Mauritius avoid the problems that other countries in sub--Saharan Africa succumbed to? How did Indonesia manage to grow over three decades despite weak institutions and distorted microeconomic policies and why did it suffer such a collapse after 1997? What emerges from this collective effort is a deeper understanding of the centrality of institutions. Economies that have performed well over the long term owe their success not to geography or trade, but to institutions that have generated market-oriented incentives, protected property rights, and enabled stability. However, these narratives warn against a cookie-cutter approach to institution building. The contributors are Daron Acemoglu, Maite Careaga, Gregory Clark, J. Bradford DeLong, Georges de Menil, William Easterly, Ricardo Hausmann, Simon Johnson, Daniel Kaufmann, Massimo Mastruzzi, Ian W. McLean, Lant Pritchett, Yingyi Qian, James A. Robinson, Devesh Roy, Arvind Subramanian, Alan M. Taylor, Jonathan Temple, Barry R. Weingast, Susan Wolcott, and Diego Zavaleta.

• Publisher: Princeton University Press
• Subject: Alliance for Progress / And Interest / Botswana / BUSINESS & ECONOMICS / Capital gain / Capital good / Comparative advantage / Congresses / Corruption / Decentralization / Developed country / Developing countries / Developing countries -- Economic conditions -- Congresses / Developing country / Development aid / Developmental state / Economic conditions / Economic development / Economic development -- Congresses / Economic expansion / Economic growth / Economic integration / Economic liberalization / Economic miracle / Economic power / Economic stability / Economic surplus / Economics / Economy / Effective exchange rate / Elite / Employment / Entwicklungsländer / Expansionism / Export Incentives / Export subsidy / Extensive growth / Factor endowment / Foreign direct investment / Free trade / Free trade area / Funding / Gainful employment / Genuine progress indicator / Good governance / Great power / Growth accounting / Hindu rate of growth / Incentive / Income / Institution / Liberalization / Long-Term Growth / Mature Economy / New Economic Policy / Oil boom / Optimism / Pareto efficiency / POLITICAL SCIENCE / Public Policy / Economic Policy / Positive feedback / Potential output / Productivity / Prosperity / Protectionism / Real income / Real interest rate / Relative strength / Retained earnings / Return on capital / Schwellenländer / Solvency / Subsidy / Suharto / Surplus labour / Tax / Total factor productivity / Tradable sector / Utility / Wealth / Welfare / Wirtschaftliche Konvergenz / Wirtschaftswachstum
• ISBN: 1400845890, 9781400845897, 9780691092683, 9780691092690, 0691092699, 0691092680