The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics

Description

Why economists' attempts to help poorer countries improve their economic well-being have failed. Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that people-private individuals and businesses, government officials, even aid donors-respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

Details

Author(s)
William R. Easterly
Format
Paperback | 360 pages
Dimensions
152 x 229 x 19mm | 476g
Publication date
08 Aug 2002
Publisher
MIT Press Ltd
Imprint
MIT Press
Publication City/Country
Cambridge, Mass., United States
Language
English
Edition statement
Revised ed.
Illustrations note
4 illus.; 4 Illustrations, unspecified
ISBN10
0262550423
ISBN13
9780262550420
Bestsellers rank
133,670

Warning: fopen(/home/clark/irondownload.com/public_html/includes/../datas/recent-view-books.txt): failed to open stream: Permission denied in /home/clark/irondownload.com/public_html/includes/write_recent.5.6-7.0.php on line 36

Warning: fwrite() expects parameter 1 to be resource, boolean given in /home/clark/irondownload.com/public_html/includes/write_recent.5.6-7.0.php on line 37

Warning: fclose() expects parameter 1 to be resource, boolean given in /home/clark/irondownload.com/public_html/includes/write_recent.5.6-7.0.php on line 38