Economic Development: A Regional, Institutional, and Historical Approach: A Regional, Institutional and Historical Approach

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  • Edition: 2nd
  • Format: Nonspecific Binding
  • Copyright: 2012-11-15
  • Publisher: Routledge

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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 Mapsp. xi
Prefacep. xiii
Acknowledgmentsp. xv
Introduction to Economic Developmentp. 3
Growth Versus Developmentp. 4
History of Development Theoryp. 9
Sustainable Developmentp. 23
Key Termsp. 24
Referencesp. 24
Appendix: An Alternative Explanation of the Neoclassical Growth Modelp. 25
European Emergencep. 29
Growth During the Industrial Revolutionp. 30
Agricultural Growthp. 31
Protoindustrialization and Tradep. 35
Exploitation and Slaveryp. 37
The Evolution and Role of Political Institutionsp. 42
Culture and Nationalismp. 47
Culture and Technologyp. 51
What We Have Learnedp. 54
Key Termsp. 55
Referencesp. 55
East Asian Experiencep. 59
Early Experiences of Japan and Chinap. 61
Catching Up: A Neoclassical Viewp. 68
Catching Up: Role for the Statep. 72
Catching Up: Japanese Successp. 78
Catching Up: Early Chinese Failurep. 82
Taiwan and Koreap. 86
What We Have Learnedp. 92
Key Termsp. 93
Referencesp. 93
Economies in Transition: Socialist to Marketp. 97
Economic Systemsp. 98
Economic Performance Under Socialismp. 100
Some Analysis of Transitionp. 104
The Russian Experiencep. 108
The Chinese Experiencep. 110
Explanation for Different Reform Pathsp. 115
Recent Chinese Experiencep. 117
Vietnamese Transitionp. 119
Explaining Reform Success in China and Vietnamp. 121
Sustainable Growthp. 123
What We Have Learnedp. 129
Key Termsp. 130
Referencesp. 130
Sub-Saharan Africap. 133
Precolonial Periodp. 133
The Colonial Erap. 136
Patron-Client Political Structurep. 139
Urban Bias and Migrationp. 144
Risk Management and Lineage Groupsp. 147
Lineage Groups, Fertility, and the Demographic Transitionp. 150
The Failed Statep. 154
Botswana: An Early Success Storyp. 157
Recent Developmentsp. 160
Sustainable Development in Sub-Saharan Africap. 163
What We Have Learnedp. 164
Key Termsp. 165
Referencesp. 165
South Asiap. 169
Introductionp. 169
Pre-Independence Indiap. 171
India After Independencep. 174
Unique Characteristics and Challengesp. 180
Role of the Governmentp. 187
What We Have Learnedp. 193
Key Termsp. 194
Referencesp. 195
Latin Americap. 199
The Emergence of Spainp. 199
The Colonial Periodp. 201
Independence and Tradep. 203
Export Expansion and Growthp. 204
Import-Substitution Industrializationp. 206
Globalization and the International Monetary Fundp. 209
Inflationp. 215
Population Growthp. 216
Solving the Commitment Problemp. 217
Recent Experiencep. 219
What We Have Learnedp. 221
Key Termsp. 222
Referencesp. 222
The Middle East and North Africap. 225
Early Economy in the Precolonial Erap. 225
The Precolonial and Colonial Erasp. 228
The Emergence of Nation-Statesp. 231
Petroleum Exports and the Petroleum Exportersp. 232
Nonpetroleum Exporters in the Middle East and North Africap. 237
What We Have Learnedp. 243
Key Termsp. 244
Referencesp. 245
Conclusions: What Have We Learned?p. 247
Efflorescencep. 247
Impact of Colonizationp. 248
Role of the Statep. 250
Role of Democracyp. 253
Tying It All Togetherp. 255
Key Termsp. 256
Referencesp. 256
Indexp. 257
About the Authorsp. 277
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