Suchergebnisse

Across cities in India, migrant groups, squatters and the urban poor residing in slums have played a crucial role in developing low‐income housing. This form of housing is closely connected to the economic activity of the poor, which in turn contributes to the wider urban economy. It also enables the poor to consolidate their position in the city and make claims on the city administration for infrastructure. However, such housing has been bracketed as 'informal' and lacks legitimacy. Policies concerning low‐income housing must address this issue while enabling the poor to further their economic and entrepreneurial initiatives.

1. A notable exception is Reclam (1984). He refers to the 1970 book to appraise the evolution of money from a simple medium of exchange to a complex credit mechanism.

Why do some nations become rich while others remain poor? Traditional mainstream economic growth theory has done little to answer this question—during most of the twentieth century the theory focused on models that assumed growth was a simple function of labor, capital, and technology. Through a collection of case studies from Asia and Africa to Latin America and Europe, Making Poor Nations Rich argues for examining the critical role entrepreneurs and the institutional environment of private property rights and economic freedom play in economic development. Making Poor Nations Rich begins by explaining how entrepreneurs create economic growth and why some institutional environments encourage more productive entrepreneurship than others. The volume then addresses countries and regions that have failed to develop because of barriers to entrepreneurship. Finally, the authors turn to countries that have developed by reforming their institutional environment to protect private property rights and grant greater levels of economic freedom. The overall lesson from this volume is clear: pro-market reforms are essential to promoting the productive entrepreneurship that leads to economic growth. In countries where this institutional environment is lacking, sustained economic development will remain illusive

Frontmatter -- THE POLITICAL ECONOMY OF THE AUSTRIAN SCHOOL Series -- Contents -- Acknowledgments -- 1. Introduction -- 1. Theory -- 2. Money and Capital in Economic Development -- 3. The Theory of Economic Development and the "European Miracle'' -- II. Case Studies of Planning -- 4. The Political Economy of Development in Communist China: China and the Market -- 5. The Failure of Development Planning in India -- 6. The Failure of Development Planning in Africa -- III. The Record on Foreign Aid and Advice -- 7. The World Bank and the IMF: Misbegotten Sisters -- 8. Does Eastern Europe Need a New (Marshall) Plan? -- IV. The Political Economy of the Asian Miracle -- IV. The Political Economy of the Asian Miracle 229 9. Industrial Policy as the Engine of Economic Growth in South Korea: Myth and Reality -- 10. The Political Economy of Post-World War II Japanese Development: A Rent-Seeking Perspective -- V. Market Solutions to Economic Development -- 11. Privatization and Development: The Case of Sri Lanka -- 12. Financial Reform and Economic Development: The Currency Board System for Eastern Europe -- Contributors -- Index