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Economic Development: A Regional, Institutional, and Historical Approach, Second Edition
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Comments/Reviews
Description: 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 online instructor's manual with discussion questions, a test bank, PowerPoint presentation materials, and more is available to adopters.
Selected Contents:
Tables, Figures, and Maps
Preface
Acknowledgments
1. Introduction to Economic Development
Growth Versus Development
History of Development Theory
Sustainable Development
Key Terms
References
Appendix: An Alternative Explanation of the Neoclassical Growth Model
2. European Emergence
Growth During the Industrial Revolution
Agricultural Growth
Protoindustrialization and Trade
Exploitation and Slavery
The Evolution and Role of Political Institutions
Culture and Nationalism
Culture and Technology
What We Have Learned
Key Terms
References
3. East Asian Experience
Early Experiences of Japan and China
Catching Up: A Neoclassical View
Catching Up: Role for the State
Catching Up: Japanese Success
Catching Up: Early Chinese Failure
Taiwan and Korea
What We Have Learned
Key Terms
References
4. Economies in Transition: Socialist to Market
Economic Systems
Economic Performance Under Socialism
Some Analysis of Transition
The Russian Experience
The Chinese Experience
Explanation for Different Reform Paths
Recent Chinese Experience
Vietnamese Transition
Explaining Reform Success in China and Vietnam
Sustainable Growth
What We Have Learned
Key Terms
References
5. Sub-Saharan Africa
Precolonial Period
The Colonial Era
Patron-Client Political Structure
Urban Bias and Migration
Risk Management and Lineage Groups
Lineage Groups, Fertility, and the Demographic Transition
The Failed State
Botswana: An Early Success Story
Recent Developments
Sustainable Development in Sub-Saharan Africa
What We Have Learned
Key Terms
References
6. South Asia
Introduction
Pre-Independence India
India After Independence
Unique Characteristics and Challenges
Role of the Government
What We Have Learned
Key Terms
References
7. Latin America
The Emergence of Spain
The Colonial Period
Independence and Trade
Export Expansion and Growth
Import-Substitution Industrialization
Globalization and the International Monetary Fund
Inflation
Population Growth
Solving the Commitment Problem
Recent Experience
What We Have Learned
Key Terms
References
8. The Middle East and North Africa
Early Economy in the Precolonial Era
The Precolonial and Colonial Eras
The Emergence of Nation-States
Petroleum Exports and the Petroleum Exporters
Nonpetroleum Exporters in the Middle East and North Africa
What We Have Learned
Key Terms
References
9. Conclusions: What Have We Learned?
Efflorescence
Impact of Colonization
Role of the State
Role of Democracy
Tying It All Together
Key Terms
References
Index
About the Authors
Comment(s): "The book covers the intellectual ground that a liberally educated student needs to grapple with to understand the complexity of economic development. For many years political scientists and economists have presented overly simplistic models and frameworks for understanding economic development that cannot withstand critical analyses of many individual country cases. 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 promotes integrative thinking and a strong sense of realism about both the prospects and challenges of economic development in our rapidly emerging global economy and highly conflicted global society."" -- Henry Smorynski, former Provost, College of St. Benedict / St. John's University (on the previous edition)
"...extremely engaging. It combines a clear explanation of the 'nuts and bolts' needed in a good textbook with intriguing current events often found only in supplemental reading." -- Tony Capecchi, student (on the previous edition)
"I was intrigued to learn about some of the world's biggest problems in a different light. It was also very easy to understand and read." -- Katie Ferber, student (on the previous edition)
""... easy to read and follow along, but it was still very informative. I also liked how it talked about real world issues ... so you could see how the theories/institutions actually apply." -- Karen Yokiel, student (on the previous edition)
"This text actually did hit the core of economic issues that affect the under-developed world. Using models that are complex yet comprehensible, [the authors] shed light on the socio-economic relationship challenging mainstream theories of development economics, and spark intellectual discourse among students. It is a must read for development enthusiasts."" -- JohnPaul Arabome, student (on the previous edition)
"Easy to read and follow. ... A good use of quantitative data and growth models while employing qualitative factors to determine economic development. A must read for any economist." -- Thomas J. Stangler, student (on the previous edition)
    
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