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The second edition of this innovative textbook integrates environmental and financial sustainability into its distinctive regional approach. The authors cover the essential concepts in economic development in the context of institutional structures, including history, politics, and religion. Their resulting discussion is exceptional in both its theoretical nuance and accessible writing. An Instructor's Manual with discussion questions, a test bank, and PowerPoint slides is available online to professors who adopt the text.
Table of Contents
|Tables, Figures, and Maps||p. xi|
|Introduction to Economic Development||p. 3|
|Growth Versus Development||p. 4|
|History of Development Theory||p. 9|
|Sustainable Development||p. 23|
|Key Terms||p. 24|
|Appendix: An Alternative Explanation of the Neoclassical Growth Model||p. 25|
|European Emergence||p. 29|
|Growth During the Industrial Revolution||p. 30|
|Agricultural Growth||p. 31|
|Protoindustrialization and Trade||p. 35|
|Exploitation and Slavery||p. 37|
|The Evolution and Role of Political Institutions||p. 42|
|Culture and Nationalism||p. 47|
|Culture and Technology||p. 51|
|What We Have Learned||p. 54|
|Key Terms||p. 55|
|East Asian Experience||p. 59|
|Early Experiences of Japan and China||p. 61|
|Catching Up: A Neoclassical View||p. 68|
|Catching Up: Role for the State||p. 72|
|Catching Up: Japanese Success||p. 78|
|Catching Up: Early Chinese Failure||p. 82|
|Taiwan and Korea||p. 86|
|What We Have Learned||p. 92|
|Key Terms||p. 93|
|Economies in Transition: Socialist to Market||p. 97|
|Economic Systems||p. 98|
|Economic Performance Under Socialism||p. 100|
|Some Analysis of Transition||p. 104|
|The Russian Experience||p. 108|
|The Chinese Experience||p. 110|
|Explanation for Different Reform Paths||p. 115|
|Recent Chinese Experience||p. 117|
|Vietnamese Transition||p. 119|
|Explaining Reform Success in China and Vietnam||p. 121|
|Sustainable Growth||p. 123|
|What We Have Learned||p. 129|
|Key Terms||p. 130|
|Sub-Saharan Africa||p. 133|
|Precolonial Period||p. 133|
|The Colonial Era||p. 136|
|Patron-Client Political Structure||p. 139|
|Urban Bias and Migration||p. 144|
|Risk Management and Lineage Groups||p. 147|
|Lineage Groups, Fertility, and the Demographic Transition||p. 150|
|The Failed State||p. 154|
|Botswana: An Early Success Story||p. 157|
|Recent Developments||p. 160|
|Sustainable Development in Sub-Saharan Africa||p. 163|
|What We Have Learned||p. 164|
|Key Terms||p. 165|
|South Asia||p. 169|
|Pre-Independence India||p. 171|
|India After Independence||p. 174|
|Unique Characteristics and Challenges||p. 180|
|Role of the Government||p. 187|
|What We Have Learned||p. 193|
|Key Terms||p. 194|
|Latin America||p. 199|
|The Emergence of Spain||p. 199|
|The Colonial Period||p. 201|
|Independence and Trade||p. 203|
|Export Expansion and Growth||p. 204|
|Import-Substitution Industrialization||p. 206|
|Globalization and the International Monetary Fund||p. 209|
|Population Growth||p. 216|
|Solving the Commitment Problem||p. 217|
|Recent Experience||p. 219|
|What We Have Learned||p. 221|
|Key Terms||p. 222|
|The Middle East and North Africa||p. 225|
|Early Economy in the Precolonial Era||p. 225|
|The Precolonial and Colonial Eras||p. 228|
|The Emergence of Nation-States||p. 231|
|Petroleum Exports and the Petroleum Exporters||p. 232|
|Nonpetroleum Exporters in the Middle East and North Africa||p. 237|
|What We Have Learned||p. 243|
|Key Terms||p. 244|
|Conclusions: What Have We Learned?||p. 247|
|Impact of Colonization||p. 248|
|Role of the State||p. 250|
|Role of Democracy||p. 253|
|Tying It All Together||p. 255|
|Key Terms||p. 256|
|About the Authors||p. 277|
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