Allocative efficiency
Capital expenditure
Category=KCP
Comparative advantage
Competition
Consumption (economics)
Convergence (economics)
Corporate tax
Cost Of Funds
Customer lifetime value
Decentralization
Developed country
Economic development
Economic efficiency
Economic growth
Economic migrant
Economic miracle
Economic power
Economic restructuring
Economics
Economy
Economy of Scotland
Emerging technologies
Employment
Entrepreneurship
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Family income
Fiscal federalism
Foregone Earnings
Foreign direct investment
Fresh Talent Initiative
Funding
Globalization
Great Leap Forward
High tech
Human capital
Incentive
Income
Infrastructure
Investment
Inward investment
Liberalization
Literacy
Long-Term Growth
National wealth
Nationalization
New Home Economics
Opportunity cost
Population ageing
Population growth
Private sector
Productivity
Progressive tax
Provision (accounting)
Public expenditure
Public sector
Real estate appraisal
Recession
Regional policy
Research and development
Return on capital
Subsidy
Tax
Tax efficiency
Tax reform
Tax revenue
Technology
The Wealth of Nations
Tuition payments
Unemployment
Venture capital
Wealth
Product details
- ISBN 9780691122564
- Weight: 482g
- Dimensions: 152 x 235mm
- Publication Date: 10 Apr 2005
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
Secure
checkout
Fast Shipping
Easy returns
New Wealth for Old Nations provides a guide to policy priorities in small or regional economies. It will be of interest to policymakers, students, and scholars seeking avenues to improved growth, greater opportunity, and better governance. Some of the world's leading economists combine their research insights with a discussion of the practicalities of implementing structural reforms. Scotland is the ideal case study: the recent devolution of government in the United Kingdom offers a natural experiment in political economy, one whose lessons apply to almost any small, advanced economy. One fundamental conclusion is that policy can make a big difference to long-term prosperity in small economies open to flows of knowledge, investment, and migrants. Indeed the difficulty in introducing growth-oriented policies lies more in the politics of implementing change than in the theoretical diagnosis. Public sector governance is consequently a key issue in creating a pro-growth consensus. And faster growth must be seen to improve opportunities for the population as a whole.
Further, setting out the evidence--as this book does for Scotland--is vital to overcoming entrenched institutional barriers to policy reform. The first chapter is by Jo Armstrong, John McLaren, and the editors; and the subsequent chapters are by Paul Krugman, William Baumol, Edward Glaeser, Paul Hallwood and Ronald MacDonald, James Heckman and Dimitriy Masterov, Heather Joshi and Robert Wright, Nicholas Crafts, and John Bradley.
Diane Coyle is a consultant and member of the United Kingdom's Competition Commission and a Visiting Professor at the University of Manchester's Institute of Political and Economic Governance. Wendy Alexander is a Member of the Scottish Parliament and former Scottish Minister for Enterprise, Transport, and Lifelong Learning. Brian Ashcroft is Professor of Economics and Policy Director of the Fraser of Allander Institute for Research on the Scottish Economy at the University of Strathclyde.
