Economic development: a regional, institutional, and historical approach

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 ac.

1. Introduction to economic development -- 2. European emergence -- 3. East Asian experience -- 4. Economies in transition : socialist to market -- 5. Sub-Saharan Africa -- 6. South Asia -- 7. Latin America -- 8. The Middle East and North Africa -- 9. Conclusions : what have we learned?

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 ac

Introduction to economic development. Growth versus development. History of development theory. Changes in recent development thinking. What lessons have we learned and where do we go from here? -- 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 -- East Asian experience. Early experiences of Japan and China. Catching up : a neoclassical view. Catching up : a role for the state. Catching up : Japanese success. Catching up : early Chinese failure. Taiwan and Korea -- Sub-Saharan Africa. Pre-colonial period. The Colonial era. Patron-client political structure. Urban biased policy. Urban bias and migration. Risk management and lineage groups. Lineage groups, fertility and the demographic transition. The failed state. Botswana : a success story -- South Asia. Pre-independence India. India after independence. A theoretical framework. Population growth and unemployment. Poverty. Dependence on agriculture. Religion and caste. Gender bias. Education -- 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 -- The Middle East and North Africa. Early economy in the Precolonial era. The Precolonial and Colonial era. The emergence of nation-states. Petroleum exports and the petroleum exporters. Petroleum and nonpetroleum exporters in MENA -- Economies in transition : socialist to market. Economic systems. Economic performance of socialism. Some analysts on transition. The Russian experience. The Chinese experience. Explanation for different reform paths. Sustainable growth -- Conclusions: what have we learned? Efflorescence. Impact of colonization. Role of the state. Role of democracy. Tying it all together.

Provides an introduction to economic development in both an historical and contemporary, comparative, and systems framework. This volume authors analyzes the development process within the historical context of each region, and considers institutional inheritance from both the pre-colonial and colonial eras and in contemporary times