Alliance for Progress
And Interest
Botswana
Capital gain
Capital good
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Comparative advantage
Corruption
Decentralization
Developed country
Developing country
Development aid
Developmental state
Economic development
Economic expansion
Economic growth
Economic integration
Economic liberalization
Economic miracle
Economic power
Economic stability
Economic surplus
Economics
Economy
Effective exchange rate
Elite
Employment
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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
Positive feedback
Potential output
Productivity
Protectionism
Real income
Real interest rate
Relative strength
Retained earnings
Return on capital
Solvency
Subsidy
Suharto
Surplus labour
Tax
Total factor productivity
Tradable sector
Utility
Wealth
Welfare
Product details
- ISBN 9780691092690
- Weight: 680g
- Dimensions: 152 x 235mm
- Publication Date: 04 May 2003
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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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.
Dani Rodrik is Professor of International Political Economy at the John F. Kennedy School of Government, Harvard University. He is the author of "Has Globalization Gone too Far?"
