Economic Development: A Regional, Institutional, and Historical Approach
M.E. Sharpe, 2007 - Business & Economics - 320 pages
This innovative textbook provides an introduction to economic development in both an historical and contemporary, comparative, and systems framework. The text takes a regional approach, with the theory developed within regional contexts. This leads to the second innovative aspect, an emphasis on institutional structures unique to each region. Third, the authors analyze the development process within the historical context of each region, and consider institutional inheritance from both the pre-colonial and colonial eras and in contemporary times. Thoroughly classroom tested, the text requires no previous courses in economics, although basic principles of economics would be useful. An Instructor's Manual with discussion questions, a test bank, and PowerPoint slides is available online to instructors who adopt the text.
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Introduction to Economic Development
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European land in the Americas
The Middle East and North Africa
Socialist to Market
China and Russia 250
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absolute convergence Africa agricultural productivity agricultural sector argued Botswana capita income century China colonies commitment problem convergence created decline dependent diminishing returns discussed domestic dramatically economic development economic growth efflorescences England environment environmental equilibrium Europe European expansion experience exports extract factors farmers fertility firms Gini coefficients growth rates human capital impact import substitution important incentive increased India Industrial Revolution industrialization initial inputs institutional structure investment Japan Japanese labor land Latin America levels lineage group manufacturing MENA countries nations occur output percent period periphery policies political pollution population growth predatory profits property rights protoindustrial rapid reduce reform region relative rent seeking result revenue rise role ruling elite rural Russia significant Smithian growth social society South Asia South Korea Soviet Union Taiwan theory tion trade traditional transition University Press urban wealth workers World Bank