Development economics Books

Book SynopsisJeffrey D. Sachs turns to world history to shed light on how we can meet the challenges and opportunities of the twenty-first century. He takes readers through a series of seven distinct waves of technological and institutional change, starting with early modern humans and ending with reflections on today’s globalization.Trade ReviewSachs has produced a masterpiece—its scope is breathtaking, its insights stimulating, and its conceptual innovation pathbreaking. For those seeking a story about where humanity has come from and is going to, his book is a story with many lessons and hopes for the future. At once clear-headed and opinionated, he provides a roadmap for what we could and should do for our grandchildren. A wonderful book. -- Gordon L. Clark, University of OxfordThis romp through world history, by the famous economist Jeffrey Sachs, summarizes most of what you really need to know about the history of the last 70,000 years. Buy just this one book: it will let you throw away dozens of specialized books that you already own! -- Jared Diamond, author of Guns, Germs, and Steel: The Fates of Human SocietiesUnderstanding history can help steer the future, yet economic history is too often missing from the economics curricula. Sachs goes directly against this trend by providing a tour de force historical account on how humans, technology, and nature have interacted over the last 72,000 years! Key to the book’s message is that while technological progress has been exponential, our ability to benefit from it has always depended on the ways in which people have chosen to organize themselves. Today this means that while digital technologies provide endless possibilities, public policy and corporate governance decisions are key to determining who benefits. Sustainable and inclusive development will depend on our concrete forms of democratic participation, ethical standards, and the ability to create public spheres that allow us all to flourish. A must-read! -- Mariana Mazzucato, University College LondonSachs has produced a brilliant, yet remarkably short, book on the biggest challenges now confronting humanity. He provides a compelling account of how geography, technology, and institutions have combined to shape globalization over 70,000 years, in seven distinct ages. Then he explains what humanity now has to do if it is to escape the environmental, social, and geopolitical calamities that its own staggering successes have brought so close. This book is essential reading. -- Martin Wolf, Chief Economics Commentator, Financial TimesAs my special advisor on the Sustainable Development Goals, Jeffrey Sachs consistently emphasized that the world can achieve sustainable development only through bold and forward-looking cooperation on a global scale. In his new panoramic history of globalization, Sachs shows why the imperative of peaceful cooperation is more crucial than ever. Our very survival as a species requires that we understand our common fate. This book will help us to reach that shared understanding. -- Ban Ki-moon, former Secretary-General of the United NationsThe Ages of Globalization provides an unparalleled explanation of human development. This lucidly written book is a must read for anyone interested in how humanity has evolved and the root causes of the challenges we face today. Jeff Sachs's magisterial and engaging book provides profound perspectives on human history, offering urgently needed insights to make sense of the present and offer an essential guide to our future. -- Ian Goldin, author of Age of Discovery: Navigating the Storms of Our Second RenaissanceEconomics is rediscovering historical perspectives, and thus its own roots. The result, in Jeffrey Sachs’s masterful hands, is eye-opening and refreshing. The Ages of Globalization is a tour de force through many millennia of human history, discerning patterns that help us understand in new ways our contemporary dilemmas. While the story he tells provides many reasons to be pessimistic about our future, Sachs also restores a sense of possibility with his steadfast refusal to think in ahistorical categories and his urgent plea to embrace the possibilities of the human condition. An important and empowering book. -- Sven Beckert, coeditor of American Capitalism: New HistoriesThis dazzling book makes an invaluable contribution to the debate about the future of globalization by brilliantly summarizing humanity’s existential challenges and providing bold ideas for ensuring our survival. Sachs makes a persuasive argument that applying the concept of sustainable development must be today’s essential mission. His thoughtful proposals for reforming key international institutions, starting with the UN, merit particular attention. The Ages of Globalization is required reading for our times. -- Vuk Jeremić, former president of the United Nations General AssemblyIn this erudite yet accessible book, Jeffrey D. Sachs traces the history of modern humans from our migration from Africa some 70,000 years ago to today. In a pathbreaking account, he shows how geography, technology, and institutions drive change. His analysis is indispensable for understanding current global predicaments. A tour de force. -- Prasannan Parthasarathi, Boston CollegeAs it comes from Jeffrey D. Sachs, I had expected this book to be analytical, punchy, and readable, and so it is. But it is a pleasure to be able to report that it is also a book by a superstar economist that takes both history and geography seriously and that allows the past, with all its complexities and contingencies, to speak for itself. Impressively broad in both temporal and geographical scope, this is a masterpiece of concision and a great introduction to global economic history. -- Kevin O’Rourke, author of A Short History of Brexit: From Brentry to BackstopAt a time when the foundations of the world economic order are being challenged, we must rely on the knowledge accumulated throughout history to make wiser choices for the future of our societies. In The Ages of Globalization, Jeffrey Sachs offers a superb and unique historical and analytical framework for understanding the process of globalization, highlighting its dynamic nature and addressing its social and economic implications. From the Paleolithic Age to the current digital age, this book examines the interplay of geography, technology, and institutions to achieve a comprehensive explanation of how globalization emerges and evolves. Analysts, policy makers, social and political leaders, interested citizens, and anyone concerned with the future of the global economy can draw invaluable lessons from this book. -- Felipe Larraín B., former minister of finance of ChileThe Ages of Globalization is not just a book for the modern citizen. It is an essential survival kit for the twenty-first century. At the same time that humanity was amassing wealth, it was also creating the means of its own destruction. Now we are facing forces none of us can counter alone, such as climate change and environmental degradation. Sachs’s call for action resonates with vigor and urgency. With this book, we can better explore, learn, and act. -- Miroslav Lajčák, minister of foreign and European affairs of the Slovak RepublicFew scholars have the breadth of knowledge with which to cogently weave insights from such wide-ranging fields such as agronomy, economics, archaeology, anthropology, and engineering to recount the layered story of how globalization and development unfolded. As always, Sachs is a treat to read. -- Gordon McCord, University of California, San DiegoAn authoritative account of our “shared,” increasingly interdependent human journey. * Kirkus Reviews *This masterful history of the human experience of global interconnectedness begins in the Paleolithic Age and ends in today’s COVID-19 pandemic. Sachs makes a powerful case that the globalizing forces creating our increasingly interdependent world are deeply rooted in the human condition and that they are forces—for better and worse—that are here to stay. -- G. John Ikenberry * Foreign Affairs *Sachs wears his own extensive reading lightly. He’s a very clear writer, too, and the book has some lovely (colour) charts and maps. -- Diane Coyle * The Enlightened Economist *Sachs writes in simple, clean prose that most students and general readers should find accessible. This is no small feat considering the massiveness of the topics and the brevity of the book. * Middle Ground Journal *Table of Contents1. Seven Ages of Globalization2. The Paleolithic Age (70,000–10,000 BCE)3. The Neolithic Age (10,000–3000 BCE)4. The Equestrian Age (3000–1000 BCE)5. The Classical Age (1000 BCE –1500 CE)6. The Ocean Age (1500–1800)7. The Industrial Age (1800–2000)8. The Digital Age (Twenty-First Century)9. Guiding Globalization in the Twenty-First CenturyAcknowledgmentsData AppendixNotesFurther ReadingsBibliographyIndex

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Book SynopsisSuitable for policy-makers, who increasingly find themselves dealing with complex issues of growth, inequality, poverty, and social welfare, this book presents a synthesis of recent and older literature in the development economics and raises important questions that will help to set the agenda for future research.Trade Review"An elegant, insightful, and extremely effective textbook on development economics. It combines astute theoretical reasoning with a firm grip on empirical circumstances, including institutional possibilities and limitations. There is real originality here without sacrificing usefulness and accessibility."—Amartya Sen, Winner of the 1998 Nobel Prize for Economics, Harvard UniversityTable of ContentsPreface Chapter 1: Introduction Chapter 2: Economic Development: Overview 2.1. Introduction 2.2. Income and growth 2.2.2. Historical experience 2.2.1. Measurement issues 2.3. Income distribution in developing countries 2.4. The many faces of underdevelopment 2.4.1. Human development 2.4.2. An index of human development 2.4.3. Per capita income and human development 2.5. Some structural features 2.5.1. Demographic characteristics 2.5.2. Occupational and production structure 2.5.3. Rapid rural--urban migration 2.5.4. International trade 2.6. Summary Exercises Chapter 3: Economic Growth 3.1. Introduction 3.2. Modern economic growth: Basic features 3.3. Theories of economic growth 3.3.1. The Harrod--Domar model 3.3.2. Beyond Harrod--Domar: Other considerations 3.3.3. The Solow model 3.4. Technical progress 3.5. Convergence? 3.5.1. Introduction 3.5.2. Unconditional convergence 3.5.3. Level convergence: Evidence or lack thereof 3.5.4. Unconditional convergence: A summation 3.5.5. Conditional convergence 3.5.6. Reexamining the data 3.6. Summary Appendix 3.A.1. The Harrod--Domar equations 3.A.2. Production functions and per capita magnitudes Exercises Chapter 4: The New Growth Theories 4.1. Introduction 4.2. Human capital and growth 4.3. Another look at conditional convergence 4.4. Technical progress again 4.4.1. Introduction 4.4.2. Technological progress and human decisions 4.4.3. A model of deliberate technical progress 4.4.4. Externalities, technical progress, and growth 4.4.5. Total factor productivity 4.5. Total factor productivity and the East Asian miracle 4.6. Summary Appendix: Human capital and growth Exercises Chapter 5: History, Expectations, and Development 5.1. Introduction 5.2. Complementarities 5.2.1. Introduction: QWERTY 5.2.2. Coordination failure 5.2.3. Linkages and policy 5.2.4. History versus expectations 5.3. Increasing returns 5.3.1. Introduction 5.3.2. Increasing returns and entry into markets 5.3.3. Increasing returns and market size: Interaction 5.4. Competition, multiplicity, and international trade 5.5. Other roles for history 5.5.1. Social norms 5.5.2. The status quo 5.6. Summary Exercises Chapter 6: Economic Inequality 6.1. Introduction 6.2. What is economic inequality? 6.2.1. The context 6.2.2. Economic inequality: Preliminary observations 6.3. Measuring economic inequality 6.3.1. Introduction 6.3.2. Four criteria for inequality measurement 6.3.3. The Lorenz curve 6.3.4. Complete measures of inequality 6.4. Summary Exercises Chapter 7: Inequality and Development: Interconnections 7.1. Introduction 7.2. Inequality, income, and growth 7.2.1. The Inverted-U hypothesis 7.2.2. Testing the inverted-U hypothesis 7.2.3. Income and inequality: Uneven and compensatory changes 7.2.4. Inequality, savings, income, and growth 7.2.5. Inequality, political redistribution, and growth 7.2.6. Inequality and growth: Evidence 7.2.7. Inequality and demand composition 7.2.8. Inequality, capital markets, and development 7.2.9. Inequality and development: Human capital 7.3. Summary Appendix: Multiple steady states with imperfect capital markets Chapter 8: Poverty and Undernutrition 8.1. Introduction 8.2. Poverty: First principles 8.2.1. Conceptual issues 8.2.2. Poverty measures 8.3. Poverty: Empirical observations 8.3.1. Demographic features 8.3.2. Rural and urban poverty 8.3.3. Assets 8.3.4. Nutrition 8.4. The functional impact of poverty 8.4.1. Poverty, credit, and insurance 8.4.2. Poverty, nutrition, and labor markets 8.4.3. Poverty and the household 8.5. Summary Appendix: More on poverty measures Exercises Chapter 9: Population Growth and Economic Development 9.1. Introduction 9.2. Population: Some basic concepts 9.2.1. Birth and death rates 9.2.2. Age distributions 9.3. From economic development to population growth 9.3.1. The demographic transition 9.3.2. Historical trends in developed and developing countries 9.3.3. The adjustment of birth rates 9.3.4. Is fertility too high? 9.4. From population growth to economic development 9.4.1. Some negative effects 9.4.2. Some positive effects 9.5. Summary Exercises Chapter 10: Rural and Urban 10.1. Overview 10.1.1. The structural viewpoint 10.1.2. Formal and informal urban sectors 10.1.3. Agriculture 10.1.4. The ICRISAT villages 10.2. Rural--urban interaction 10.2.1. Two fundamental resource flows 10.2.2. The Lewis model 10.3. Rural--urban migration 10.3.1. Introduction 10.3.2. The basic model 10.3.3. Floors on formal wages and the Harris--Todaro equilibrium 10.3.4. Government policy 10.3.5. Comments and extensions 10.4. Summary Exercises Chapter 11: Markets in Agriculture: An Introduction 11.1. Introduction 11.2. Some examples 11.3. Land, labor, capital, and credit 11.3.1. Land and labor 11.3.2. Capital and credit Chapter 12: Land 12.1. Introduction 12.2. Ownership and tenancy 12.3. Land rental contracts 12.3.1. Contractual forms 12.3.2. Contracts and incentives 12.3.3. Risk, tenancy, and sharecropping 12.3.4. Tenancy forms: Other considerations 12.3.5. Land contracts, eviction, and use rights 12.4. Land ownership 12.4.1. A brief history of land inequality 12.4.2. Land size and productivity: Concepts 12.4.3. Land size and productivity: Empirical evidence 12.4.4. Land sales 12.4.5. Land reform 12.5. Summary Appendix 1: Principal--agent theory and its applications 12.A.1. Risk, moral hazard, and the agency problem 12.A.2. Tenancy contracts revisited Appendix 2: Screening and sharecropping Exercises Chapter 13: Labor 13.1. Introduction 13.2. Labor categories 13.3. A familiar model 13.4. Poverty, nutrition, and labor markets 13.4.1. The basic model 13.4.2. Nutrition, time, and casual labor markets 13.4.3. A model of nutritional status 13.5. Permanent labor markets 13.5.1. Types of permanent labor 13.5.2. Why study permanent labor? 13.5.3. Permanent labor: Nonmonitored tasks 13.5.4. Permanent labor: casual tasks 13.6. Summary Exercises Chapter 14: Credit 14.1. Introduction 14.1.1. The limits to credit and insurance 14.1.2. Sources of demand for credit and insurance 14.2. Rural credit markets 14.2.1. Who provides rural credit? 14.2.2. Some characteristics of rural credit markets 14.3. Theories of informal credit markets 14.3.1. Lender's monopoly 14.3.2. The lender's risk hypothesis 14.3.3. Default and fixed-capital loans 14.3.4. Default and collateral 14.3.5. Default and credit rationing 14.3.6. Informational asymmetries and credit rationing 14.3.7. Default and enforcement 14.4. Interlinked transactions 14.4.1. Hidden interest 14.4.2. Interlinkages and information 14.4.3. Interlinkages and enforcement 14.4.4. Interlinkages and creation of efficient surplus 14.5. Alternative credit policies 14.5.1. Vertical formal--informal links 14.5.2. Microfinance 14.6. Summary Exercises Chapter 15: Insurance 15.1. Basic concepts 15.2. The perfect insurance model 15.2.1. Theory 15.2.2. Testing the theory 15.3. Limits to insurance: Information 15.3.1. Limited information about the final outcome 15.3.2. Limited information about what led to the outcome 15.4. Limits to insurance: Enforcement 15.4.1. Enforcement-based limits to perfect insurance 15.4.2. Enforcement and imperfect insurance 15.5. Summary Chapter 16: International Trade 16.1. World trading patterns 16.2. Comparative advantage 16.3. Sources of comparative advantage 16.3.1. Technology 16.3.2. Factor endowments 16.3.3. Preferences 16.3.4. Economies of scale 16.4. Summary Exercises Chapter 17: Trade Policy 17.1. Gains from trade? 17.1.1. Overall gains and distributive effects 17.1.2. Overall losses from trade? 17.2. Trade policy: Import substitution 17.2.1. Basic concepts 17.2.2. More detail 17.3. Export promotion 17.3.1. Basic concepts 17.3.2. Effect on the exchange rate 17.3.3. The instruments of export promotion: More detail 17.4. The move away from import substitution 17.4.1. Introduction 17.4.2. The eighties crisis 17.4.3. Structural adjustment 17.5. Summary Appendix: The International Monetary Fund and the World Bank Chapter 18: Multilateral Approaches to Trade Policy 18.1. Introduction 18.2. Restricted trade 18.2.1. Second-best arguments for protection 18.2.2. Protectionist tendencies 18.2.3. Explaining protectionist tendencies 18.3. Issues in trade liberalization 18.3.1. Introduction 18.3.2. Regional agreements: Basic theory 18.3.3. Regional agreements among dissimilar countries 18.3.4. Regional agreements among similar countries 18.3.5. Multilateralism and regionalism 18.4. Summary Appendix 1: Elementary Game Theory A1.1. Introduction A1.2. Basic concepts A1.3. Nash equilibrium A1.4. Games over time Appendix 2: Elementary Statistical Methods A2.1. Introduction A2.2. Summary statistics A2.3. Regression References Index

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Book SynopsisDaniel Tudor covers all the important issues, yet does not simply tell the more familiar stories, but looks deeper and wider to give the full story of Korea today. Martin Uden, Former British Ambassador to South Korea.Trade Review"Tudor, Seoul correspondent for The Economist, provides a fairly perfunctory account of the 'miracle on the Han River,' which saw South Korea transformed from postwar ruin to prosperous democracy within four decades. The book's real value comes in its exploration of the cultural forces behind the country's zeal for self-improvement." --Financial Times"Sixty years ago, South Korea was an economic wasteland. Today, it is not only the world's 11th largest economy but also a vibrant democracy and an emerging cultural force. This transformation is the subject of a new book, Korea: The Impossible Country, by Daniel Tudor, Korea correspondent for The Economist.'" --Time Magazine"Mr. Tudor pushes into new social and economic territory with his book, including the rising role of immigrants, multicultural families and even gay people in South Korea. He lays out some of the contradictory behavior one finds in South Korea, such as the unending desire for new and trendy gadgets and fashion and yet the tunnel-like view of what constitutes a successful life." --Wall Street Journal

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Book SynopsisAn exciting exploration of the new frontier of finance, to value the planet and protect what has too long been treated as free and taken for granted--the natural assets we need and love most In Pricing the Priceless: The Financial Transformation to Value the Planet, Solve the Climate Crisis, and Protect Our Most Precious Assets, renowned environmental strategist, speaker, world traveler and author Paula DiPerna brings a unique voice and optic to de-mystify and unveil today's most fascinating financial disruptionpricing the priceless to flip conventional ideas of how we value natural assets and why. She asks the provocative question long ignored: Why do we value the indispensable atmosphere at zero, but dispensable production in the trillions? She digs into alternatives, with real-life examples from around the globe of fascinating and pioneering financial innovationscontroversial and paradoxical, but essential. In the book, you'll travel from rainforests to Wall Street, Board Rooms to the Vatican, coral reefs to mangroves to China's carbon markets. Timely, adventurous, eclectic, and accessible, Pricing the Priceless brings alive the critical financial transformation that will determine future planetary health and social stability. With power, clarity and real-world experience, the author also examines: Fascinating new financial inventions and experimentsinsurance, bonds, markets, investment fundsall aimed at pricing what is precious and vital to human well-beingHow the great current intergenerational shift in wealth and attitudes is redefining investment trends and the idea of what constitutes wealth and returnHow climate change and other urgent environmental problems now require entirely new financial thinking to trigger solutionsHow once-radical ideas about measuring economic progress are now re-imagining the very purpose of capitalismWhy finance needs critical re-invention to remain credible in the face of increasing public skepticism of business-as-usual economic practice A can't-miss read for thought leaders, business executives, investors, activists, and entrepreneurs, Pricing the Priceless is a landmark that will shape the world and future, bridging the tangible and intangible to answer a critical question of rising economic and social inspiration: What is money for?Table of ContentsPreface vii 1 Michelangelo’s Finger: The Pope and the Atmosphere 1 2 Marooned: The Island of Wrong Things Measured 15 3 One of a Kind: The Gamble of Rarity and Price 31 4 Art in a Box: Pricelessness Saves Detroit 39 5 Mangroves and Money: All of Nature Is an Economic Machine 55 6 The Cosmic Penthouse: Carbon Pricing, Carbon Markets 69 7 Dare to Surmount: China Joins the Marathon 103 8 Wall Street to the Rescue? Nauru May Answer 121 9 Never Another Drop: The Flow of Water Markets 151 10 Wildlife and Wonderment: The Rhino Bond 177 11 Premiums to the Coral: Coral Reef Insurance 189 12 Forests as Infrastructure: The Forest Resilience Bond 197 13 Off Limits: The Value of Do Not Touch 213 14 Infinite Value: Return to Rome 241 References 247 Acknowledgments 253 Index 255

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Book Synopsis***THE SUNDAY TIMES BESTSELLER***BOOK OF THE YEAR IN GUARDIAN, ECONOMIST & NEW STATESMAN'Excellent and provocative... a passionate, timely book.' Sunday Times'A fine new book... thoughtful, deeply reported and impeccably even-handed.' The TimesEmerging from a collection of city states 150 years ago, no other country has had as turbulent a history as Germany or enjoyed so much prosperity in such a short time frame. Today, as much of the world succumbs to authoritarianism and democracy is undermined from its heart, Germany stands as a bulwark for decency and stability.Mixing personal journey and anecdote with compelling empirical evidence, this is a critical and entertaining exploration of the country many in the West still love to hate. Raising important questions for our post-Brexit landscape, Kampfner asks why, despite its faults, Germany has become a model for others to emulate, while Britain fails to tackle contemporary challenges. Part memoir, part history, part travelogue, Why the Germans Do It Better is a rich and witty portrait of an eternally fascinating country.Trade ReviewExcellent and provocative... a passionate, timely book. * Sunday Times *A fine new book... One of the best English-language introductions in recent years to modern Germany and its politics: thoughtful, deeply reported and impeccably even-handed. * The Times *A rich guide to modern Germany... For the British readers this book is directed at, the implied contrasts are startling. German conservatism produced Angela Merkel, easily the most respected democratic leader in the world, while the English variety produced Boris Johnson. * Guardian *Highly readable and well-informed... [Kampfner] mixes historical sweep with vivid reporting to celebrate Germany's strengths and achievements. * Financial Times *A revelation of a book... with insights based on painstaking research and evidence gleaned from months crisscrossing the country... Kampfner's analysis is simply peerless. * Literary Review *A nuanced but compelling account... Kampfner marshals a convincing argument that other countries would be foolish to ignore Germany's emotional maturity and solidity. * New Statesman *Authoritative, timely and courageous, this is a compellingly readable book that raises profoundly important questions on history, our times and the future. * Philippe Sands, bestselling author of East West Street and The Ratline *A lively, affectionate portrait... A paeon to Germany. * Irish Times *Passionate yet carefully argued, Why The Germans Do It Better is a must-read. * James Hawes, author of The Shortest History of Germany *A well-argued case for learning from our German cousins. * Prospect *Smart, provocative and entertaining, this is a timely and enthralling love letter to our much misunderstood near neighbour. * Kay Burley *A forensic and highly readable account of Germany's ability to get things right. Kampfner's clear and unanswerable argument should be compulsory reading for every politician, civil servant and commentator in Britain. * John Simpson *We need a great book on Germany as the Merkel era ends: this is that book. It confronts the country's history, and charts with authority and affection its modern course with lessons for us all. * Lyse Doucet, BBC Chief International Correspondent *Kampfner's admiration of what post-war Germany has achieved doesn't blind him to her imperfections. Why the Germans Do It Better abounds with sharp analysis and telling anecdotes. A lively, very readable introduction to a country we ought to understand a lot better than we do. * David Lidington *One of Britain's most distinguished political writers. * Mail on Sunday *Kampfner roams widely in Germany and has a reporter's ear for the telling anecdote. He knows his history too. * Lionel Barber, The Spectator *There is plenty of good material here and the timing is impeccable. * TLS *A fascinating, affectionate and deeply researched portrait of Germany in the modern era -- Kampfner vividly brings Germany's turbulent history to life, and explains its profound influence on Europe today. Why The Germans Do It Better is essential for all who want to understand what Britain should do post-Brexit. * Sir Anthony Seldon, author of May at 10 *Germany's success in tackling the great pandemic of 2020 has surprised many. John Kampfner shows why it should not have done so. This is a compelling account of how, in two generations, a country adopted the principles of liberal democracy, then mastered them, and now has more to teach us than we might wish to admit * Baroness Catherine Ashton, former EU High Representative and former Leader of the House of Lords *Table of Contents1: Rebuilding and Remembering 2: Mutti's Warm Embrace 3: Multikulti 4: No Longer a Child 5: The Wonder 6: The Dog Doesn't Eat the Dog 7: No More Pillepalle

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Book SynopsisEconomic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate.Discrimination and Disparities gathers a wide array of empirical evidence to challenge the idea that different economic outcomes can be explained by any one factor, be it discrimination, exploitation, or genetics. This revised and enlarged edition also analyzes the human consequences of the prevailing social vision of these disparities and the policies based on that vision--from educational disasters to widespread crime and violence.

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Book SynopsisWe are all aware of the extreme hunger and poverty that afflict the world''s poor. We hear the facts, see the images on television, buy the T-shirt and are moved as individuals and governments to dig deep into our pockets. Yet what happens to all this aid? Why after 50 years and $2.3 trillion are there still children dying for lack of twelve cents medicine? Why are there so many people still living on less than $1 a day without clean water, food, sanitation, shelter, education or medicine?In The White Man''s Burden William Easterly, acclaimed author and former economist at the World Bank, addresses these twin tragedies head on. While recognising the energy and compassion behind the campaign to make poverty history he argues urgently and powerfully that grand plans and good intentions are a part of the problem not the solution. Giving aid is not enough, we must ensure that it reaches the people who need it most and the only way to make this happens is through accountability and by learning from past experiences. Without claiming to have all the answers, William Easterly chastises the complacent and patronising attitude of the West that attempts to impose solutions from above. In this book, which is by turns angry, moving, irreverent but always rigorous, he calls on each and everyone of us to take responsibility, whether donors, aid workers or ordinary citizens, so that more aid reaches the people it is supposed to help, the mother who cannot feed her children, the little girl who has to collect firewood rather than go to school, the father who cannot work because he has been crippled by war.Trade ReviewCompelling reading...Easterly's book is an important one, and the arguments he raises cannot and should not be ignored. * London Book Review.com *Table of ContentsWHY PLANNERS CANNOT BRING PROSPERITY; ACTING OUT THE BURDEN; THE WHITE MAN'S ARMY; THE FUTURE

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Book SynopsisFrom a renowned pioneer of the anti-globalization movement, a primer on working towards a localized world From disappearing livelihoods to financial instability, from climate chaos to an epidemic of depression, we face crises on a number of seemingly unrelated fronts. This well-referenced book traces the common roots of these problems in a globalized economy that is incompatible with life on a finite planet. But Local is Our Future does more than just describe the problem: it describes the policy shifts and grassroots steps – many of them already underway around the world – that can move us towards the local and, thereby, towards a better world.

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Book SynopsisWith clarity, conscience, and courage, global-systems pioneer Jorgen Randers and his distinguished contributors map the forces that will shape the next four decades. Forty years ago, The Limits to Growth study addressed the grand question of how humans would adapt to the physical limitations of planet Earth. It predicted that during the first half of the 21st century the ongoing growth in the human ecological footprint would stop-either through catastrophic "overshoot and collapse"-or through well-managed "peak and decline." So, where are we now? And what does our future look like? In the book 2052, Jorgen Randers, one of the coauthors of Limits to Growth, issues a progress report and makes a forecast for the next forty years. To do this, he asked dozens of experts to weigh in with their best predictions on how our economies, energy supplies, natural resources, climate, food, fisheries, militaries, political divisions, cities, psyches, and more will take shape in the coming decades. He then synthesized those scenarios into a global forecast of life as we will most likely know it in the years ahead. The good news: we will see impressive advances in resource efficiency, and an increasing focus on human well-being rather than on per capita income growth. But this change might not come as we expect. Future growth in population and GDP, for instance, will be constrained in surprising ways-by rapid fertility decline as result of increased urbanization, productivity decline as a result of social unrest, and continuing poverty among the poorest 2 billion world citizens. Runaway global warming, too, is likely. So, how do we prepare for the years ahead? With heart, fact, and wisdom, Randers guides us along a realistic path into the future and discusses what readers can do to ensure a better life for themselves and their children during the increasing turmoil of the next forty years.Trade ReviewChoice- In commemoration of the 40th anniversary of Limits to Growth (CH, Nov'73), Randers (climate strategy, BI Norwegian Business School) forecasts changes in population, consumption, energy use, emissions, quality of life, and climate over the next 40 years. As one of the original contributors to Limits to Growth, the author's current forecast is based on the ‘overshoot and collapse’ scenario. Regional scenarios highlight the distribution of benefits and costs from climate change across the globe, underscoring the distinct consequences on the developed and developing world. The author emphasizes that shortsighted decision making associated with democracy is ill suited to handle climate change, given its long-term outcomes. A novel feature of this work is the inclusion of predictions from more than two dozen experts working in ecology, political science, industry, and economics. These individual contributions are woven into the larger story to provide comparison with the author's predictions. Overall, this work is accessible to a general audience; however, Randers's limited analysis and justification of model assumption restrict the usefulness of this book as a stand-alone text. It could be useful in conjunction with some formal texts on globalization, economics, and the environment. Summing Up: Optional. General readers and undergraduate students.Publishers Weekly- Randers has made it his life's work to caution the world about the dangers of unfettered expansion, and to seek out solutions to current and prospective problems. Beginning with The Limits to Growth in 1972, he has explored possible scenarios for our social, economic, and environmental future. In this global study, Randers presents a forecast for the next 40 years, supported by ‘statistical data, anecdotal stories, impressions from traveling the world…formal analyses of particular developments,’ and short essays by a variety of experts. While he discusses his own opinions—such as his belief that the world economy must shift its focus from ‘fossil-fuelled economic growth’ to ‘sustainable well-being’ — the enormous amount of information and speculation here function additionally as an excellent springboard for a timely discourse. And open and informed conversation seems crucial to Randers's project—indeed, he posits that unchecked climate change is not a technological problem, but a political one. Randers and his colleagues present a portrait of the future that is radically different from today, but not entirely bleak: while he believes that the worst of his predictions are possible, he humbly asks his readers to ‘help make my forecast wrong.’"This thoughtful and thought-provoking book will be inspiring, and challenging, for all who really care about our common future."--Gro Harlem Brundtland, former prime minister of Norway; leader, World Commission on Environment and Development"A sober, cogent, and courageous assessment of a future not dictated by fate, or economics, or limits to technology, but by the most egregious leadership failure in history. But there is still time to change course...just enough time and no more."--David W. Orr, Oberlin College, author of Down to the Wire: Confronting Climate Collapse"Read 2052 and get the views of a great futurist-one with a fine track record of being right."--Paul R. Ehrlich, author of The Dominant Animal "This is an extraordinary and profoundly important book. Randers' mastery of many fields is impressive, and he presents his 'best guess' future with clarity and force. As a result, he provides a challenging template against which we can judge our own expectations for mid-century."--James Gustave Speth, author of America the Possible"An unconventional and lucid explanation of the likely macroeconomic developments of the world over the next forty years."--Lord Nicholas Stern, author, The Stern Review on the Economics of Climate Change; chair, Grantham Research Institute on Climate Change and the Environment, London School of Economics "With clarity, conscience, and courage, global-systems pioneer Jorgen Randers and his distinguished contributors map the forces that will shape the next four decades. Their sobering but far from despairing insights will encourage all who strive in applied hope to build a society worthy of nature's legacy and humans' potential."--Amory B. Lovins, chairman and chief scientist, Rocky Mountain Institute; senior author, Reinventing Fire; coauthor, Natural Capitalism "It's too late to wonder how different and refreshingly breathable the world would be if everyone had listened hard to Jorgen Randers 40 years ago. The question now is if we'll heed him this time. Here's our chance. Please seize it, everyone."--Alan Weisman, author of The World Without Us and Gaviotas Table of ContentsPreface: what will the future bring Part 1: Background. Worrying about the future Five big issues toward 2052 Part 2: My global forecast The logic behind my forecast Population and consumption to 2052 Energy and CO2 to 2052 Food and footprint to 2052 The nonmaterial future to 2052 The Zeitgeist in 2052 Part 3: Analysis Reflections on the future Five regional futures Comparison with other futures What should you do? Closing words

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Book SynopsisAnswers questions such as: How did the industrialized nations of North America and Europe come to be seen as the appropriate models for post-World War II societies in Asia, Africa, and Latin America? How did the postwar discourse on development actually create the so-called Third World? And what will happen when development ideology collapses?Trade Review"Arturo Escobar has given us an important and exciting take on issues of Third World development and its alternatives... [This book] indisputably provides some exciting and significant new ways of thinking about development... Arturo Escobar has done us all a service."--Contemporary Sociology "[T]he cultural critique--and politics--proposed in this penetrating book are crucial in these perilous times."--Michael F. Jimenez, American Journal of Sociology "[I]mportant... [A]n original and provocative analysis."--Population and Development ReviewTable of ContentsPreface to the 2012 Edition vii Preface xlv CHAPTER 1: Introduction: Development and the Anthropology of Modernity 3 CHAPTER 2: The Problematization of Poverty: The Tale of Three Worlds and Development 21 CHAPTER 3: Economics and the Space of Development: Tales of Growth and Capital 55 CHAPTER 4: The Dispersion of Power: Tales of Food and Hunger 102 CHAPTER 5: Power and Visibility: Tales of Peasants, Women, and the Environment 154 CHAPTER 6: Conclusion: Imagining a Postdevelopment Era 212 Notes 227 References 249 Index 275

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Book SynopsisThe basic function of companies is to add value to society. Profits are a means to an end, not an end in itself. The ability of companies to innovate, scale and invest provides them with a powerful base for positive change. But companies are also criticized for not contributing sufficiently to society's grand challenges. An increasingly VUCA (Volatile, Uncertain, Complex and Ambiguous) world creates serious governance gaps that not only require new ways of regulation, but also new ways of doing business. Can companies effectively contribute to sustainable development and confront society's systemic challenges?Arguably the most important frame to drive this ambition was introduced and unanimously adopted in 2015: the Sustainable Development Goals (SDGs). The SDG-agenda not only defines a holistic set of global goals and targets, but also foundational principles to guide meaningful action to their achievement by 2030. Multinational companies have signed up to the Trade Review"The SDGs provide a moral framework at the time the world needs it most. It is also the world’s best long-term business plan. It’s the unlock to what is the growth story of our century, putting people and the planet first. But the implementation is in need of a ‘booster shot’. Principles of Sustainable Business presents state-of-the-art science-based answers on how to achieve this ambition in the Decade of Action. The detailed elaborations of business models, transition trajectories and partnering strategies provide actionable targets for companies that want to drive systems change."Paul Polman, Former CEO Unilever, Co-chair and founder IMAGINE, Vice Chair UN Global Compact "Achieving the SDGs requires an all of society effort, including the vital role of the private sector. While progress has been made, serious challenges still remain to fully realize the private sector's power and dynamism. This book is an important contribution by providing valuable insights and practical examples of how companies can achieve greater impact towards a better world."Ban Ki-moon, Eighth Secretary-General of the United Nations"This book is a truly inspiring collection of proven tools and frameworks to motivate global and local business leaders to make their businesses contribute to achieve a world that is more fair, just and environmentally sustainable. Principles of Sustainable Business is an amazing resource for business practitioners, business school educators and students to drive the urgently needed systems change to help companies adopt the Sustainable Development Goals and create the world we want. And very timely, it is co-authored by a business school educator and a business practitioner, Rob van Tulder and Eveline van Mil." Dr. Mette Morsing, Head of PRME Principles for Responsible Management Education, United Nations Global Compact"Our world is facing three pressing global challenges: the climate emergency, the loss of nature and growing inequality. As risks associated with these challenges continue to build, we need business leaders to rally behind a bold and urgent agenda for transformation. The SDGs provide a unique lens through which to translate global needs and ambitions into tangible business solutions, and this book provides insights to support companies in this effort. With a solid overview of resources available, it presents new techniques and tools to walk the talk." Peter Bakker, President & CEO, World Business Council for Sustainable Development (WBCSD)"Whether you are an executive, economist, or future business leader, Principles of Sustainable Business will be a comprehensive guide to why companies are increasingly taking action on the sustainable development goals, and how they can do so. It is eloquently written, yet academically rigorous."Prof. Klaus Schwab, President and founder of the World Economic Forum"This book is a must read for anyone who craves for inspiration on how to turn companies into a force for positive change. Reaching the Sustainable Development Goals is a matter of commitment, of owning a strong moral compass and of 21st Century Leadership. And books like this is fuel for these visionary leadership skills. But the book is more than that. It brings clarity in the alphabet soup. And, more importantly, it takes key international concepts, standards (such as my own organization the Global Reporting Initiative and the GRI standards) and tools in the arena of sustainability, responsible business and ESG, analyses them critically and scientifically in their potential and shortcomings and then boldly and innovatively improves, enriches and even transforms them into a next level. Take the example of ‘materiality’, which is turned into the concept of ‘reversed materiality’, to capture a more forward-looking angle. This is a book that deserves a spot on your desk where you can read it time and again. You will find yourself turning to it when you need to revisit a certain idea. It will help all of us sharpen our mind, and focus on what needs to be done by each of us to build a better world through the Sustainable Development Goals."Teresa C. Fogelberg, Former Climate Change Director, Women’s Rights Director, Research Director at the Netherlands Ministries of Foreign Affairs and Environment, Co-Founder and Deputy Chief Executive of the Global Reporting Initiative "In Africa, we place a high premium on the private sector as a critical engine of growth for the continent. This outstanding book offers excellent insight into how the corporate world can impact positive change – change for the Africa we want and more broadly at a global level, as we strive to bring the SDGs to fruition." Dr. Akinwumi Adesina, President African Development Bank and World Food Prize Laureate"The Decade of Action needs serious acceleration. The intentions are still there, but the realization requires sophisticated approaches of governments, civil society and companies alike. The frameworks offered by this all-encompassing book provide the badly needed road map for the coming years. A truly amazing achievement!"Prof. dr. Jan Peter Balkenende, former Prime Minister of the Netherlands, chair Dutch Sustainable Growth Coalition"Sustainability is easy to talk about, but we all know it is much harder to deliver. As this comprehensive guide makes clear, addressing our most pressing societal and environmental issues will require deep organizational transformation. That change must be led from the top. CEOs and boards now face an unprecedented opportunity to embed sustainability across strategy, operations, and leadership cultures. We welcome this timely roadmap to making this transition."Constantine Alexandrakis, CEO Russell Reynolds Associates"Principles of Sustainable Business of Rob van Tulder and Eveline van Mil describes in depth why and how businesses should and can be purposeful by creating economic, societal and ecological value at the same time. The authors recognize the importance how frontrunner companies in the past have been able to break through a number of the critical tipping points to uplift sustainability and contribute to systems change. Sustainability should be anchored in the core of the business and the SDGs could provide a very relevant framework for companies to define where to contribute. The frameworks developed in this book make it possible for (aspiring) leaders to ‘walk the talk’." Feike Sijbesma, former CEO DSM, Chair Supervisory Board Philips, member Supervisory Board Unilever "Principles of Sustainable Business stands out for its breadth, mastery of detail, and its bridging of scientific evidence with actionable tools for making positive real-world impact. The book explains why companies are critical for attaining the SDGs and outlines how they can contribute to these global goals. At Robeco we are dedicated to this ambition: we are a research-driven investment firm that is pioneering SDG investment strategies in fixed income and listed equity. This relevant book confirms and inspires our SDG-investing journey."Karin van Baardwijk, CEO Robeco"There is no way to keep climate change from surpassing the critical 1.5 degrees Celsius level without the strong engagement of the private sector. Delivering fully on the Paris Agreement and the SDGs is in fact a pipe dream absent the active collaboration of business. This insightful book provides a valuable guide to strategic investment decisions that align with core international priorities in sustainability that can benefit us all." President Mohamed Nasheed, Speaker of the Maldives People’s Majlis and founding Chair of the Climate Vulnerable Forum"The scientific community has argued for a long time that the transformation to sustainable business is necessary for the world to have a chance of delivering the SDGs within a safe operating space on Earth. Rob van Tulder and Eveline van Mil reinforce the urgency of solving the planetary crisis we face, while adding a crucial additional dimension – the new narrative for the future; that sustainable business is not only the path to planetary responsibility, it is also the path to prosperity and equity, i.e., it is not only our common future on Earth that is at stake, it is also a choice between modernity and regress." Prof. dr. Johan Rockström, Director of the Potsdam Institute for Climate Impact Research and Professor at the Institute of Earth and Environmental Science at Potsdam University "This book speaks to the new world of work. The sustainable future that we all want and the resilience that must be developed by businesses to make it possible for us to arrive at a better quality of life for all. Excellent insights on three broad sets of principles: systemic, societal and dynamic as well as strategic and operational."Douglas Opio, Executive Director, Federation of Uganda Employers (FUE)"Principles of Sustainable Business presents the clear and defining frameworks needed in order to turn our social, ecological and climate problems into business opportunities. Translating the SDG agenda into pro-active business models and cross-sectoral partnership strategies will help business leaders bridge the gap between intention and realization."Paul Hawken, creator, author, editor of 'Drawdown', 'Natural Capitalism', 'The Ecology of Commerce', and 'Re-Generation. Ending the climate crisis in one generation'"From its inception in the form of the 'Millennium Declaration' at the change of the millennium, to the status of the SDGs, and in the midst of the Covid pandemic the world is struggling through different and difficult challenges. Rules, techniques, approaches, and past and newly created systems are simply insufficient to address the complexity of the challenge.This book is a brave attempt to break the conundrum by elevating our mindset to address it from the ‘Principles’ level, providing well thought out ideas at the macro, meso and micro level of analysis and action steps. The SDGs tagline: Global Goals National Targets, and its 232 indicators is just a start to appreciate the complexity across the wide spectrum of developments that the world is living in. With the business and corporate world playing a major role in both the economic development and management knowledge fronts, if we are serious about hitting the goals, this book is a must read to elevate our approaches beyond strategy and policy. After all, strategy may change, Principles remain."Prof. Kuntoro Mangkusubroto, Head of President of Indonesia’s Delivery Unit (2010–2014), and co-founder of School of Business and Management – Institut Teknologi Bandung (SBM-ITB)"The 2030 Sustainable Development Agenda, and the 17 SDGs that underpin it, recognize that the natural world and its life-giving services must be urgently protected if we are to fulfil the needs of nine billion people by 2050. The SDGs are premised on the notion that we cannot solve problems in isolation. Protecting these ecosystems will require strong institutions, governance and cooperation from the local to the international level (SDGs 16 and 17). Nature-based Solutions (NbS) are thereby increasingly recognized as a key part of the response to the climate crisis by governments, businesses and communities. It is crucial that these interventions are credible, measurable and inclusive. Principles of Sustainable Business fills the intellectual and practical gap for private organizations willing to work on Nature-based approaches in a profound, fundamental as well as thought-provoking manner. For public organizations and communities, the book provides relevant tools, resources and (cross-sector) partnering techniques to help companies move beyond a reactive to a proactive approach in support of Nature-based Solutions." Angela Andrade, Chair, IUCN Commission on Ecosystem Management and IUCN’s Global Standard for Nature-based Solutions"Principles of Sustainable Business is a milestone for all executives, academics and students keen to dwell deeper into the SDGs. The book aptly shows the extreme importance of purpose-driven organizations. We like the solid treatment of the opportunities and threats surrounding the ‘hybridization’ of many organizations that try to combine profits and societal purpose, not as a compromise but as an innovative novel business model that presents a resilient approach to many of today’s sustainability challenges. We are, of course, thrilled to see the SDG Action Manager being mentioned as one of the practical tools that can be used by large and small companies to implement the SDGs."Marcello Palazzi and Leen Zevenbergen, Co-founders, B Lab Europe"This book is essential reading for anyone partnering in or with the corporate sector. The authors are clear – collaboration across and beyond the usual boundaries is fundamental to sustainable and transformative development. Partnering is not only enshrined in SDG 17 – Partnerships for the Goals – but forms the basis of the collaborative approach of all SDGs: People, Planet, Prosperity, Peace and Partnering. The question is no longer ‘why?’ but ‘how?’ Those involved in initiating, nurturing and supporting the partnering process have a subtle but vital task to assist partners in navigating what is complicated and penetrating to the heart of what is complex. The concepts so thoroughly articulated here give those in the brokering role the solid ground on which to build their work."Ros Tennyson, Founder & Strategic Advisor, Partnership Brokers Association"This innovative, state-of-the-art book approaches the SDGs as both wicked problems and wicked opportunities. Its complexity-based approach will challenge leaders (and future leaders) to think and act in new ways to transform their organizations to negotiate the VUCA world that the authors well document."Sandra Waddock, Galligan Chair of Strategy, Carroll School Scholar of Corporate Responsibility, Professor of Management, Boston College"This is a unique and outstanding textbook and a practitioner treasure. It provides a clear understanding of the Sustainable Development Goals and their relevance to business. It offers insightful, distinctive, and constructive guidance on how to achieve more societally impactful sustainability strategies and operations, including essential cross-sector partnering. The book is rigorous and highly readable. Each chapter starts with guiding Principles and ends with crisp takeaways. Supplemental Web-related sources provide additional resources to deepen and broaden the learning. A timely and valuable contribution." James E. Austin, Eliot I. Snider and Family Professor of Business Administration, Emeritus, Co-Founder Social Enterprise Initiative, Harvard Business School"FLAME University's core values include ecological balance and an inclusive society, which implies that we often challenge what is known and believed about higher education. For this aim we are collaborating with the Wage Indicator Foundation to learn how students can engage in action research, blended learning and investigative journalism by collecting robust data on Living Wages around the world. Principles of Sustainable Business, not only supports us in this effort, but presents the scientific basis to found our research and teaching in the broader agenda of the Sustainable Development Goals. A must-apply approach for all universities."Dr. Santosh Kumar Kudtarkar, Dean, Faculty of Liberal Education, FLAME University, India"The Sustainable Development Goals (SDGs) are 'wicked problems' (systemic, ambiguous, complex and conflictual problems), where politics trumps evidence, and solutions are never first best or permanent. Wicked problems cannot be solved, only managed or resolved over and over again. However, as Van Tulder and Van Mil argue, the SDGs are not only wicked problems but also provide wicked opportunities for firms that want to become sustainable businesses that add value to society. The core question that motivates the book is how can companies become sustainable businesses? The answer provided by the authors is a principles-based road map for corporate action on the SDGs, organized around three levels of analysis: systemic, societal and dynamic, and strategic and operational principles. Drawing on multiple frameworks, examples and illustrations, Principles of Sustainable Development pulls together the newest thinking in academia, consulting, and government policymaking. The book is a 'one stop shop' – that rare book which provides an over-arching, principle-based approach to understanding sustainable business in the 21st century. Everyone – from instructors looking for a textbook for their course on the SDGs to business executives who want to better link their CSR strategies to the SDGs to policy makers hoping to attract foreign multinationals that will foster sustainable development – will find what they are looking for here. Principles of Sustainable Business is a 'must read' for students, corporate executives, and policymakers who want to think intelligently and effectively about the SDGs and how firms can and should develop strategies that are SDG relevant."Lorraine Eden, Professor Emerita of Management and Research Professor of Law, Texas A&M University, 2020–2023 Dean of Academy of International Business (AIB) Fellows"In a global economy that can only be guided by principles rather than rules, multinational enterprises face many challenges to compete while at the same time sustaining and gaining a license to operate. It is important that companies subscribe to the Sustainable Development Goals as a set of unifying principles and get the frameworks and tools to ‘walk the talk’. Dealing with the SDGs has not only been a challenge for firms, but also for International Business (IB) scholars around the world: how can we make sure that companies become a ‘force for positive change’. This groundbreaking book by highly acclaimed IB professor Rob van Tulder and his co-author Eveline van Mil provides the intellectual foundation for corporations to base their contributions to the SDGs on intentions and solid academic knowledge to change preferences into realizations. And the teaching material will be very helpful in academia."Maria Tereza Fleury, President of the Academy of International Business (AIB), Full Professor at Fundação Getulio Vargas (FGV) and the University of São Paulo"Principles of Sustainable Business is a gift to the world – and not a moment too soon. If we humans are to survive and thrive into the distant future, we must embrace the SDGs and see them realized in practice. But how? Rob van Tulder and Eveline van Mil provide just the kind of cross-level, cross-sector, substantive and process-oriented approach the world needs at this crucial time. They imagine why and how key actors, and especially businesses, might achieve an idea embodied in an English word that dates from the 15th century – commonwealth – which meant common well-being. These authors show us how well-being can become far more common and far more long lasting."John M. Bryson, McKnight Presidential Professor Emeritus, Hubert H. Humphrey School of Public Affairs, University of Minnesota"Principles of Sustainable Business is extremely valuable for its advocacy and operationalization of a paradigm shift from maximizing shareholder wealth to generating additional societal value by contributing to the achievement of the SDGs. It surfaces the challenges businesses face in an uncertain and disruptive world and provides concrete cases from the literature and the authors’ intimate knowledge of sustainable business practices on the ground. The authors’ discussion of resilience is a convenient handle for unpredictable situations. At the same time, the chapter on collaboration underscores the importance of carving spaces for cross-sector partnerships as a means to address complex and seemingly insurmountable challenges."Maria Cynthia Rose Banzon-Bautista, Ph.D., Vice President for Academic Affairs, University of the PhilippinesTable of ContentsPart I: WHY? SYSTEMIC PRINCIPLES 1 Why now? A necessary frame for grand societal challenges; 2 Why not? Understanding the potential of the SDGs; 3 Why slow? Conditions for realizing the SDGs; Part II: WHAT AND WHO? SOCIETAL AND DYNAMIC PRINCIPLES 4 What if? The SDGs as wicked problems; 5 What and who? The SDGs as wicked opportunities; 6 Who? The governance challenge; Part III: HOW? STRATEGIC AND OPERATIONAL PRINCIPLES 7 Making it resilient – dealing with triggering events; 8 Making it strategic – business cases for sustainability; 9 Making it material – designing sustainable business models; 10 Making it powerful – using power as a force for positive change; 11 Making it functional – the internal alignment challenge; 12 Making it collaborative – the partnership challenge

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Book SynopsisTrade ReviewWe rarely have as much of anything as we want, but we can learn to do more with it. Scott Sonenshein is a gifted thinker whose insights have sharpened my work for over a decade, and his fascinating debut book reveals how resourcefulness is a skill that's waiting to be learned. Get ready to unleash your inner MacGyver. -- Adam Grant, bestselling author of Originals and Give and Take I always appreciate a book that challenges me, forces me to think, and creates constructive discomfort. And I especially value such a book when its key conclusions have a base of research. Dr. Sonenshein has accomplished all this with Stretch, and I am thankful for the chance to grow from reading his work. -- Jim Collins, bestselling author of Good to Great and Great by Choice It's easy to feel like we never have enough time, resources, or money. Scott Sonenshein's surprising and entertaining book inspires and instructs us to make the most out of what we already have. The result is more-more creativity, more engagement, and more satisfaction. -- Daniel H. Pink, bestselling author of To Sell is Human and Drive Stretch is a masterpiece. Whether you want to build a better life or a better business, Scott Sonenshein reveals how the power of constraints sets you free and why the lust for more is bad for your mental health and-ironically- your personal success and the success of your business. I love the stories, rigorous research, and especially, how Sonenshein's warmth and wisdom fill every page and make Stretch a joy to read -- Robert Sutton, Stanford professor and author of the The No Asshole Rule Well-informed and frequently enlightening...Sonenshein is an amiable guide to attaining the benefits of stretching. A convincing argument within a compelling narrative-recommended for business managers and resourceful individuals alike. -- Kirkus In Silicon Valley successful entrepreneurs value constraints to help define both the problem and solution. In Stretch, Scott Sonenshein explains how to turn limitations into valuable assets, helping us achieve our goals both at work and at home. -- Ann Doerr, Chairman, Kahn Academy A smart yet accessible book that will appeal to readers interested in simplifying their careers and lives. -- Library Journal

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Book SynopsisGives graduate student's tools to analyze growth and related macroeconomic problems, and also perspective needed to apply those tools to the big-picture questions of growth and divergence. In this title, the author introduces economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous and easy to follow manner.Trade Review"It's hard not to be impressed by Acemoglu's mastery of the subject and for a handful of top graduate programs this is clearly the book for the next generation."--Tyler Cowen, Marginal Revolution "Beyond coursework, this is a book that should be compulsory reading for any PhD student in macroeconomics, even for those whose thesis does not specifically focus on growth. [S]elected materials from this book, and Part I in particular, could also be included in the reading list of an undergraduate course in advanced macroeconomics... This book will be an inseparable and precious companion ... for many years to come."--Fabrizio Carmignani, Economic RecordTable of ContentsPreface xv Part I: Introduction Chapter 1: Economic Growth and Economic Development: The Questions 3 1.1 Cross-Country Income Differences 3 1.2 Income and Welfare 7 1.3 Economic Growth and Income Differences 9 1.4 Origins of Today's Income Differences and World Economic Growth 11 1.5 Conditional Convergence 15 1.6 Correlates of Economic Growth 18 1.7 From Correlates to Fundamental Causes 19 1.8 The Agenda 21 1.9 References and Literature 23 Chapter 2: The Solow Growth Model 26 2.1 The Economic Environment of the Basic Solow Model 27 2.2 The Solow Model in Discrete Time 34 2.3 Transitional Dynamics in the Discrete-Time Solow Model 43 2.4 The Solow Model in Continuous Time 47 2.5 Transitional Dynamics in the Continuous-Time Solow Model 51 2.6 A First Look at Sustained Growth 55 2.7 Solow Model with Technological Progress 56 2.8 Comparative Dynamics 67 2.9 Taking Stock 68 2.10 References and Literature 69 2.11 Exercises 71 Chapter 3: The SolowModel and the Data 77 3.1 Growth Accounting 77 3.2 The Solow Model and Regression Analyses 80 3.3 The Solow Model with Human Capital 85 3.4 Solow Model and Cross-Country Income Differences: Regression Analyses 90 3.5 Calibrating Productivity Differences 96 3.6 Estimating Productivity Differences 100 3.7 Taking Stock 105 3.8 References and Literature 106 3.9 Exercises 107 Chapter 4: Fundamental Determinants of Differences in Economic Performance 109 4.1 Proximate versus Fundamental Causes 109 4.2 Economies of Scale, Population, Technology, and World Growth 112 4.3 The Four Fundamental Causes 114 4.4 The Effect of Institutions on Economic Growth 123 4.5 What Types of Institutions? 136 4.6 Disease and Development 137 4.7 Political Economy of Institutions: First Thoughts 140 4.8 Taking Stock 140 4.9 References and Literature 141 4.10 Exercises 143 Part II: Toward Neoclassical Growth Chapter 5: Foundations of Neoclassical Growth 147 5.1 Preliminaries 147 5.2 The Representative Household 149 5.3 Infinite Planning Horizon 156 5.4 The Representative Firm 158 5.5 Problem Formulation 160 5.6 Welfare Theorems 161 5.7 Proof of the Second Welfare Theorem (Theorem 5.7) * 168 5.8 Sequential Trading 171 5.9 Optimal Growth 174 5.10 Taking Stock 176 5.11 References and Literature 176 5.12 Exercises 178 Chapter 6: Infinite-Horizon Optimization and Dynamic Programming 182 6.1 Discrete-Time Infinite-Horizon Optimization 182 6.2 Stationary Dynamic Programming 185 6.3 Stationary Dynamic Programming Theorems 187 6.4 The Contraction Mapping Theorem and Applications * 190 6.5 Proofs of the Main Dynamic Programming Theorems * 194 6.6 Applications of Stationary Dynamic Programming 201 6.7 Nonstationary Infinite-Horizon Optimization 211 6.8 Optimal Growth in Discrete Time 215 6.9 Competitive Equilibrium Growth 219 6.10 Computation 221 6.11 Taking Stock 221 6.12 References and Literature 222 6.13 Exercises 223 Chapter 7: An Introduction to the Theory of Optimal Control 227 7.1 Variational Arguments 228 7.2 The Maximum Principle: A First Look 235 7.3 Infinite-Horizon Optimal Control 240 7.4 More on Transversality Conditions 250 7.5 Discounted Infinite-Horizon Optimal Control 253 7.6 Existence of Solutions, Concavity, and Differentiability * 259 7.7 A First Look at Optimal Growth in Continuous Time 268 7.8 The q-Theory of Investment and Saddle-Path Stability 269 7.9 Taking Stock 274 7.10 References and Literature 275 7.11 Exercises 278 Part III: Neoclassical Growth Chapter 8: The Neoclassical Growth Model 287 8.1 Preferences, Technology, and Demographics 287 8.2 Characterization of Equilibrium 293 8.3 Optimal Growth 298 8.4 Steady-State Equilibrium 300 8.5 Transitional Dynamics and Uniqueness of Equilibrium 302 8.6 Neoclassical Growth in Discrete Time 305 8.7 Technological Change and the Canonical Neoclassical Model 306 8.8 The Role of Policy 312 8.9 Comparative Dynamics 313 8.10 A Quantitative Evaluation 315 8.11 Extensions 317 8.12 Taking Stock 317 8.13 References and Literature 318 8.14 Exercises 319 Chapter 9: Growth with Overlapping Generations 327 9.1 Problems of Infinity 328 9.2 The Baseline Overlapping Generations Model 329 9.3 The Canonical Overlapping Generations Model 335 9.4 Overaccumulation and Pareto Optimality of Competitive Equilibrium in the Overlapping Generations Model 336 9.5 Role of Social Security in Capital Accumulation 339 9.6 Overlapping Generations with Impure Altruism 342 9.7 Overlapping Generations with Perpetual Youth 345 9.8 Overlapping Generations in Continuous Time 348 9.9 Taking Stock 353 9.10 References and Literature 354 9.11 Exercises 355 Chapter 10: Human Capital and Economic Growth 359 10.1 A Simple Separation Theorem 359 10.2 Schooling Investments and Returns to Education 361 10.3 The Ben-Porath Model 363 10.4 Neoclassical Growth with Physical and Human Capital 367 10.5 Capital-Skill Complementarity in an Overlapping Generations Model 371 10.6 Physical and Human Capital with Imperfect Labor Markets 374 10.7 Human Capital Externalities 379 10.8 The Nelson-Phelps Model of Human Capital 380 10.9 Taking Stock 382 10.10 References and Literature 384 10.11 Exercises 384 Chapter 11: First-Generation Models of Endogenous Growth 387 11.1 The AK Model Revisited 388 11.2 The AK Model with Physical and Human Capital 393 11.3 The Two-Sector AK Model 395 11.4 Growth with Externalities 398 11.5 Taking Stock 402 11.6 References and Literature 404 11.7 Exercises 404 Part IV: Endogenous Technological Change Chapter 12: Modeling Technological Change 411 12.1 Different Conceptions of Technology 411 12.2 Science and Profits 414 12.3 The Value of Innovation in Partial Equilibrium 416 12.4 The Dixit-Stiglitz Model and Aggregate Demand Externalities 422 12.5 Individual R&D Uncertainty and the Stock Market 428 12.6 Taking Stock 429 12.7 References and Literature 430 12.8 Exercises 431 Chapter 13: Expanding VarietyModels 433 13.1 The Lab-Equipment Model of Growth with Input Varieties 433 13.2 Growth with Knowledge Spillovers 444 13.3 Growth without Scale Effects 446 13.4 Growth with Expanding Product Varieties 448 13.5 Taking Stock 452 13.6 References and Literature 453 13.7 Exercises 453 Chapter 14: Models of Schumpeterian Growth 458 14.1 A Baseline Model of Schumpeterian Growth 459 14.2 A One-Sector Schumpeterian Growth Model 468 14.3 Innovation by Incumbents and Entrants 472 14.4 Step-by-Step Innovations * 479 14.5 Taking Stock 489 14.6 References and Literature 490 14.7 Exercises 491 Chapter 15: Directed Technological Change 497 15.1 Importance of Biased Technological Change 498 15.2 Basics and Definitions 500 15.3 Baseline Model of Directed Technological Change 503 15.4 Directed Technological Change with Knowledge Spillovers 514 15.5 Directed Technological Change without Scale Effects 518 15.6 Endogenous Labor-Augmenting Technological Change 519 15.7 Generalizations and Other Applications 522 15.8 An Alternative Approach to Labor-Augmenting Technological Change* 523 15.9 Taking Stock 526 15.10 References and Literature 527 15.11 Exercises 529 Part V: Stochastic Growth Chapter 16: Stochastic Dynamic Programming 537 16.1 Dynamic Programming with Expectations 537 16.2 Proofs of the Stochastic Dynamic Programming Theorems * 544 16.3 Stochastic Euler Equations 549 16.4 Generalization to Markov Processes * 552 16.5 Applications of Stochastic Dynamic Programming 554 16.6 Taking Stock 561 16.7 References and Literature 561 16.8 Exercises 562 Chapter 17: Stochastic Growth Models 566 17.1 The Brock-Mirman Model 567 17.2 Equilibrium Growth under Uncertainty 571 17.3 Application: Real Business Cycle Models 579 17.4 Growth with Incomplete Markets: The Bewley Model 583 17.5 The Overlapping Generations Model with Uncertainty 586 17.6 Risk, Diversification, and Growth 588 17.7 Taking Stock 603 17.8 References and Literature 604 17.9 Exercises 605 Part VI: Technology Diffusion, Trade, and Interdependences Chapter 18: Diffusion of Technology 611 18.1 Productivity Differences and Technology 611 18.2 A Benchmark Model of Technology Diffusion 613 18.3 Technology Diffusion and Endogenous Growth 619 18.4 Appropriate and Inappropriate Technologies and Productivity Differences 623 18.5 Contracting Institutions and Technology Adoption 630 18.6 Taking Stock 642 18.7 References and Literature 643 18.8 Exercises 644 Chapter 19: Trade and Growth 648 19.1 Growth and Financial Capital Flows 648 19.2 Why Does Capital Not Flow from Rich to Poor Countries? 653 19.3 Economic Growth in a Heckscher-Ohlin World 655 19.4 Trade, Specialization, and the World Income Distribution 663 19.5 Trade, Technology Diffusion, and the Product Cycle 674 19.6 Trade and Endogenous Technological Change 678 19.7 Learning-by-Doing, Trade, and Growth 680 19.8 Taking Stock 684 19.9 References and Literature 685 19.10 Exercises 687 Part VII: Economic Development and Economic Growth Chapter 20: Structural Change and Economic Growth 697 20.1 Nonbalanced Growth: The Demand Side 697 20.2 Nonbalanced Growth: The Supply Side 703 20.3 Agricultural Productivity and Industrialization 715 20.4 Taking Stock 719 20.5 References and Literature 720 20.6 Exercises 721 Chapter 21: Structural Transformations and Market Failures in Development 725 21.1 Financial Development 726 21.2 Fertility, Mortality, and the Demographic Transition 729 21.3 Migration, Urbanization, and the Dual Economy 736 21.4 Distance to the Frontier and Changes in the Organization of Production 744 21.5 Multiple Equilibria from Aggregate Demand Externalities and the Big Push 752 21.6 Inequality, Credit Market Imperfections, and Human Capital 758 21.7 Toward a Unified Theory of Development and Growth? 764 21.8 Taking Stock 768 21.9 References and Literature 769 21.10 Exercises 771 Part VIII: The Political Economy of Growth Chapter 22: Institutions, Political Economy, and Growth 781 22.1 The Impact of Institutions on Long-Run Development 781 22.2 Distributional Conflict and Economic Growth in a Simple Society 784 22.3 The Canonical Cobb-Douglas Model of Distributional Conflict 792 22.4 Distributional Conflict and Competition 793 22.5 Subgame Perfect versus Markov Perfect Equilibria 799 22.6 Inefficient Economic Institutions: A First Pass 802 22.7 Heterogeneous Preferences, Social Choice, and the Median Voter * 805 22.8 Distributional Conflict and Economic Growth: Heterogeneity and the Median Voter 814 22.9 The Provision of Public Goods: Weak versus Strong States 817 22.10 Taking Stock 822 22.11 References and Literature 823 22.12 Exercises 825 Chapter 23: Political Institutions and Economic Growth 831 23.1 Political Regimes and Economic Growth 832 23.2 Political Institutions and Growth-Enhancing Policies 834 23.3 Dynamic Trade-offs 837 23.4 Understanding Endogenous Political Change 850 23.5 Taking Stock 856 23.6 References and Literature 857 23.7 Exercises 858 Epilogue: Mechanics and Causes of Economic Growth 861 What Have We Learned? 861 A Possible Perspective on Growth and Stagnation over the Past 200 Years 864 Many Remaining Questions 872 Part IX: Mathematical Appendixes Appendix A: Odds and Ends in Real Analysis and Applications to Optimization 877 A.1 Distances and Metric Spaces 878 A.2 Mappings, Functions, Sequences, Nets, and Continuity 880 A.3 A Minimal Amount of Topology: Continuity and Compactness * 885 A.4 The Product Topology * 889 A.5 Absolute Continuity and Equicontinuity * 891 A.6 Correspondences and Berge's Maximum Theorem 894 A.7 Convexity, Concavity, Quasi-Concavity, and Fixed Points 898 A.8 Differentiation, Taylor Series, and the Mean Value Theorem 900 A.9 Functions of Several Variables and the Inverse and Implicit Function Theorems 904 A.10 Separation Theorems * 907 A.11 Constrained Optimization 910 A.12 Exercises 915 Appendix B: Review of Ordinary Differential Equations 917 B.1 Eigenvalues and Eigenvectors 917 B.2 Some Basic Results on Integrals 918 B.3 Linear Differential Equations 920 B.4 Solutions to Linear First-Order Differential Equations 921 B.5 Systems of Linear Differential Equations 924 B.6 Local Analysis and Stability of Nonlinear Differential Equations 926 B.7 Separable and Exact Differential Equations 927 B.8 Existence and Uniqueness of Solutions 929 B.9 Continuity and Differentiability of Solutions 930 B.10 Difference Equations 930 B.11 Exercises 932 Appendix C: Brief Review of Dynamic Games 934 C.1 Basic Definitions 934 C.2 Some Basic Results 937 C.3 Application: Repeated Games with Perfect Observability 941 C.4 Exercises 942 Appendix D: List of Theorems 944 Chapter 2 944 Chapter 5 944 Chapter 6 944 Chapter 7 945 Chapter 10 945 Chapter 16 945 Chapter 22 946 Appendix A 946 Appendix B 947 Appendix C 947 References 949 Name Index 971 Subject Index 977

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Book SynopsisTrue Colors, written by Keith Recker, presents the work and vision of 26 natural dye artists from around the world, opening a window into their culture, their lives, and the power of colour. The artist’s stories are organized by colour and begin with white, traveling through the spectrum to blues, purples, reds, pinks, golds, arriving at varying hues of green. The colours are as extraordinary as the artists themselves: Handmade paper dyed with indigo in Ghana. Rare greens from a fungus-infested plant that grows in the Peruvian jungle. Blues that adorned ancient Briton warriors rediscovered in a Norwich studio. Purples from shellfish collected along the western coast of Mexico. Vivid coral dyes obtained from mushrooms foraged in northern California. New to this paperback edition is a chapter about Heartwear, a collaborative of artists and fashion designers who have created and supported indigo-dyeing projects from Benin to Morocco to India and beyond. Natural pigments aren’t limited to cloth dyeing. They find their way into ceramic tile, glassware, pottery, artists’ paints and pastels, all explored in Recker’s lyrical narrative. Keith Recker is the perfect person to collect and share these timeless stories. His years of global travel, working with artisan groups and individuals as well as connecting them to influential designers in the fashion and interiors industries, put this book right on trend. Gorgeous, carefully curated photography connects the colours to ancient traditions and to the artists. True Colors provides an immersive visual experience and an inspiring travelogue of personal stories and practical information.

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Book SynopsisWhy do some states thrive, grow their economies and uplift their people, while others, facing similar challenges, slide into low growth, social dysfunction and failure? After decades of work on the ground in Africa, Latin America, Asia, Europe and the Middle East, bestselling author Greg Mills seeks to provide answers in Rich State, Poor State. After decades of work on the ground in Africa, Latin America, Asia, Europe and the Middle East, bestselling author Greg Mills seeks to provide answers in Rich State, Poor State. On each continent he traverses, Mills interrogates the how and why. How did Botswana go from being one of the least-developed and poorest nations at independence to enjoying the highest rate of per capita growth of any country in the world? Why has South Africa failed to attain similar heights? How did the Baltic states achieve reforms that have positioned them among the best-performing economies in Europe? How did Vietnam overcome a traumatic past in favour of a rapid and positive development transformation? Why is Mexico the only large developing economy that competes with China in manufacturing? Drawing from interviews with current and former presidents, prime ministers and key government officials across the globe, as well as research from leading institutions to enrich his fieldwork, Mills contrasts the successes and the failures, and in so doing, seeks to determine a path for the next generation of leaders.Insightful and inspiring, Rich State, Poor State shows that with better choices, the right policies and the will to implement them, it is entirely possible to travel the road from poverty to prosperity.

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Book SynopsisTrade Review"A FiveBooks Best Economic History Book of the Year""An excellent book."---Tyler Cowen, Marginal Revolution"[Prak and van Zanden] have provided a path forward for studying economic history that takes complexity seriously without letting it prevent us from getting to the important truths of economic history. One can only hope that more social and economic historians follow Prak and van Zanden’s path in the future."---Samuel Gregg, Engelsberg Ideas"[Pioneers of Capitalism] will be the standard work on the topic for years and perhaps decades to come, as it offers a very well-written and powerful account of the rise and fall of the Dutch Republic in the medieval and early modern periods."---Gijs Dreijer, Business History Review"[Pioneers of Capitalism] surpasses the previous syntheses of Dutch capitalism by bringing it in line with recent developments in economic history. . . . Fascinating."---Bas Spliet, Journal of European Economic History

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Book SynopsisJoin Frieda as she learns how to make a difference in the world! This is the story about a young girl named Frieda who embarks on a wonderful adventure to bring about positive change in the world. One day, Ana from the United Nations visits Frieda's school to teach her class about the Sustainable Development Goals–the world's plan to reduce poverty and protect the planet by 2030. Frieda develops a global perspective and is encouraged to take action against the biggest issues of our day: from combating climate change and protecting endangered species to ending poverty and fighting inequality. But most important, Frieda learns that "everyone must work together to make the world much better for all". With colourful illustrations, engaging text, and tips on how to change the world, children will discover what they can do to make a difference" in their lives and the lives around them.

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Book SynopsisA rigorous defense of free markets and open enterprise in the tradition of Adam Smith.“Many great libertarian thinkers were economists or philosophers. Zitelmann is a historian and sociologist. He does not argue theoretically, but empirically. In his book, he shows that development aid and redistribution do not eliminate poverty, but private property, entrepreneurship, and capitalism do.”—John Mackey, co-founder, Whole Foods MarketsDuring the 20th century, Vietnam and Poland were both victims not only of devastating wars, but also of socialist planned economies that destroyed whatever war hadn''t already. In 1990, Vietnam was still one of the poorest countries in the world, while Poland was one of the poorest in Europe. But in the three decades since then, both countr

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Book SynopsisOn 25 September 2015, countries adopted a set of 17 goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda to be achieved by 2030. For the goals to be reached, everyone needs to do their part: governments, the private sector, civil society and people like you. Elyx, the United Nations' digital ambassador, uses various expressions and actions to help demonstrate the meaning of each goal. Created by French artist YAK, Elyx has no race, sex or nationality and is a universal character promoting the importance of the United Nations' work.

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Book SynopsisDealing with distributors can be hard. They are constantly looking for better and exclusive deals, form a bad fit with your company's strategy, do not spend enough time on your products and rely too heavily on your support. At least, that is the viewpoint of many managers. However, getting a better result from the cooperation with distributors starts at your own organisation. Distributors aren't just clients, but an essential extension to your own organisation. That means they should be treated as such. Because why would your distributor want to work exclusively for your organisation? Once organisations start tweaking their attitude towards distributors in the right ways, they will undoubtedly only stand to gain from their cooperation with distributors.

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Book SynopsisThe Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike MariathasaTrade ReviewFinalist for the 2015 Estoril Global Issues Distinguished Book Prize "[The authors demonstrate] that the increasing interconnectedness of the world makes the world's economics, infrastructure, health and social conditions behave [as] an interconnected meteorological system. The next big crisis will be of unexpected origin."--Professor Rober J. Shiller, Wall Street Journal "This is an important and thought-provoking book."--Shawn Donnan, Financial Times "This book covers many different sectors and points out that globalization brings opportunities as well as threats; readers from diverse professional and academic backgrounds will gain insights."--Library Journal "The arguments put forward are cohesive and coherent with well-constructed logical chapters, good, well thought out examples and jargon free language... Upon reflection of this book, I was left with a clear and defined picture of how systemic risk effects systems and how globalization inherently increases these risks."--Jason Paul Stansbie, Leonardo Reviews "Although the authors' prose is clear and unburdened by jargon, the nature of the topic means this is not a light read. But it will reward the persistent. The issues they raise, and the interconnections they identify, are such that specialists will come away with a deeper understanding of the risks involved in each of the specific fields they cover... To paraphrase John F. Kennedy, this book should be widely read not because it is easy, but because it is hard."--Survival Global Politics and Strategy "In this context of uncertainty about the future of globalization, the book is a very timely intervention, as it focuses exactly on the risks created by the process of globalization itself. The authors have formidable expertise."--Dariusz Wojcik, Journal of Economic Geography "A timely addition to the nascent literature on CT-inspired methods and models... Bound to trigger debate and invite (if not beckon) its readers to pursue further the ideas discussed on its pages."--Emilian Kavalski, Political Studies ReviewTable of ContentsList of Boxes, Illustrations, and Tables ix Preface xiii Acknowledgments xvii Introduction 1 1 Globalization and Risk in the Twenty-First Century 9 Globalization and Integration 10 Global Connectivity and Complex Systems 13 Globalization and the Changing Nature of Risk 23 Globalization: A Double-Edged Sword 30 The Way Forward 33 2 The Financial Sector 36 with Co-Pierre Georg and Tiffany Vogel The Financial Crisis of 2007/2008 37 Financial Globalization in the Twenty-First Century 39 Complexity and Systemic Risk 54 Global Financial Governance 60 Lessons for the Financial Sector 64 3 Supply Chain Risks 70 Global Supply Chains 72 Supply Chain Risk 79 From Management of Risk to Risk Management 90 Lessons for Supply Chain Management 95 4 Infrastructure Risks 100 Transportation 101 Energy 105 The Internet 112 Lessons for Global Infrastructure 120 5 Ecological Risks 123 The Nature of Environmental Risk 124 Risks from the Environment 129 Risks to the Environment 133 Can Globalization Be Good for the Environment? 138 The Export of Pollution 139 Lessons for Managing Environmental Risk 141 6 Pandemics and Health Risks 144 Pandemic Risk 145 Globalization and Health Risks 147 Case Studies 150 Noninfectious Diseases 159 Global Cooperation and Disease Control 160 Lessons from Pandemic Management 164 7 Inequality and Social Risks 168 Global Integration and Inequality 169 The Channels of Inequality 180 The Risks of Inequality 181 Lessons for Challenging Global Inequalities 195 8 Managing Systemic Risk 198 Moving Forward, Not Backward 200 Confronting a New Challenge? 202 The Need to Reform Global Governance 206 Why Reform Has Been So Sluggish 209 Lessons for Global Policy Reform 212 Managing Systemic Risk 219 Notes 221 References 257 Index 285

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Book SynopsisArab Development Denied examines how over the last three decades the Arab world has undergone a process of developmental descent, or de-development. As a result of defeat in wars, the loss of security and sovereignty, and even their own class proclivity, the Arab ruling classes have been transformed into fully compradorial classes that have relinquished autonomy over policy. The neoliberal policies adopted since the early eighties are not developmental policies, but the terms of surrender by which Arab resources, human or otherwise, are stifled or usurped. In this book, Ali Kadri attributes the Arab world’s developmental failure to imperialist hegemony over oil and the rising role of financialisation, which goes hand in hand with the wars of encroachment that strip the Arab world of its sovereignty and resources.Trade Review‘Kadri offers a new window into the Arab street. […] His class-based narrative shows how war—or the desire for power—over oil is the main culprit behind the heart-rending grief in the region.’ —Aqdas Afzal, ‘Heterodox Economics Newsletter’‘ “Arab Development Denied” is an exciting and dynamic examination of how and why countries of the Arab League have been impoverished and underdeveloped.’ —Ray Bush, University of Leeds‘Ali Kadri has written a book that is essential reading for anyone wishing to understand the economics of the Arab world, combining a provocative political economy analysis with careful attention to detail. I strongly recommend it.’ —John Weeks, School of Oriental and African Studies, University of LondonTable of ContentsIntroduction; Chapter 1: Stocktaking and Assessment; Chapter 2: De-development and Conventional Policies; Chapter 3: Class Politics Masquerading as Democracy; Chapter 4: The Stillborn and Decomposing Arab State; Chapter 5: War and Oil Control; Chapter 6: Dislocation under Imperialist Assault; Chapter 7: Arab Disintegration and the Rising Power of Imperialism; Chapter 8: Commodification of Labour Coming to Conclusion in Times of Socialist Ideological Retreat

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Book SynopsisFamily businesses thrive in some of the world's toughest environments, providing vital lessons for businesses everywhere.   The bulk of the world’s growth in population and economic activity in the foreseeable future will be generated in the developing world. This is precisely where enterprising families dominate, operating very differently than their peers in more stable and affluent nations. These businesses not only survive but actually thrive in turbulent times, enduring wars, lawlessness, market failures, environmental disasters, and more. The world’s most advanced economies will increasingly experience these types of structural shocks and chronic uncertainties in the years ahead. The question is, what can they do about it?   In The Enduring Enterprise, Devin DeCiantis and Ivan Lansberg bring readers into the lives of families operating in emerging and frontier economies who rely on a unique portfolio of stabilizing s

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Book SynopsisA dynamic revision of the most modern development economics textbook.

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Book SynopsisJeffrey D. Sachs presents a compelling and practical framework to address the seemingly intractable worldwide problems of persistent extreme poverty, environmental degradation, and political-economic injustice: sustainable development. Sachs explains how modern societies can develop economically, equitably, and sustainably.Trade ReviewJeff Sachs's admirable book explains what sustainable development means, why it matters, and our history in relation to our environment. It shows how the pattern of growth we have followed has placed intense strains on our planet and generated severe risks to our lives and livelihoods. Above all, it explains clearly where we can go and how to get there. It describes a potential future of great attraction in terms of wellbeing, community and prosperity, properly understood. It should, and I hope it will, strengthen both the understanding of the great choices we face and the resolve to act. It is a splendid achievement. -- Lord Nicholas Stern, Grantham Research Institute on Climate Change and the Environment This terrific book stands out for its breadth, clarity, mastery of detail, honest discussion of complex matters, and its author's practical experience and good sense. It is actually ten terrific books under one cover because its accounts of economics, history, health, development, education, gender issues, food, climate change and biological diversity are among the best available. If you want to understand the modern world, and if you have room on your shelf for only one book, this is your book. -- Jared Diamond, Pulitzer Prize-winning author of Guns, Germs, and Steel There are very few authors that can so effectively rally the masses around an important cause-one that in this case concerns our collective future. There are still too few leaders with knowledge about global sustainable development challenges to affect the scalable changes that are needed. Professor Sachs's book is a comprehensive summary of complex issues, but it breaks them down and makes them digestible and understandable while making the imperative clear. It will clearly contribute significantly in closing the gap between science and policy, and hopefully serve as a catalyst for action. -- Hans Vestberg, CEO, Ericsson An important, comprehensive and remarkably accessible book-a standout in a sea ofjargon-laden titles that fail to explain and vivify this enormously complex topic Kirkus Reviews (starred review) Sweeping, enlightening, affecting, and invaluable, The Age of Sustainable Development should be available to everyone and consulted repeatedly. Booklist (starred review) Clear straightforward prose and a wealth of statistics... Sachs balances alarming forecasts with signs of progress. Publishers Weekly It is truly gratifying that an economist as distinguished as Jeffrey Sachs has authored The Age of Sustainable Development. His vast knowledge in the field and deep insights on various sectors of economic activity make him uniquely qualified to provide a view of the subject. Given the fact that almost a quartercentury has gone by since the Rio Summit of 1992, it is time for an authoritative volume such as the one Professor Sachs has authored for the benefit of global society. -- Dr. Rajendra K. Pachauri, director-general, TERI; former chairman, IPCC Comprehensive and crystal clear-what we need to make sustainable development a reality, not a dream. -- James E. Hansen, director, Earth Institute Program in Climate Science, Awareness, and Solutions The Age of Sustainable Development is both sobering and inspiring: sobering because it presents in great detail the unprecedented challenges facing mankind; inspiring because it assures us that we can meet those challenges, if only we summon the will to act. -- Kerry Kennedy, president, RFK Center for Justice and Human Rights It is, in my view, the best, most comprehensive and most articulate exposition of sustainable development ever written... I would make this book compulsory reading for all politicians and business leaders. -- David Griggs Nature Sachs has probably produced the best book to date on how to manage the planet for 10 billion people. -- Fred Pearce New Scientist A comprehensive introduction to the field of sustainable development by one of its leading scholars, advocates, and practitioners... Recommended. Library Journal In a book of incredible breadth, Sachs delivers a sobering account of the impact of human activity upon the balance of life on Earth... Highly recommended. Choice An inspiring and enlightening read. Africa Report a perceptive, analytical, and hopeful book about the future...This landmark in economic publications presents a brilliant examination of major worldwide threats to the planet and puts forward ways to balance economic development and environmental sustainability to overcome those threats...It is a magnum opus; the chief source of information for any person interested in understanding what sustainable development is all about. -- Bill Schwab Missourian A thoughtful and comprehensive resource on this crucial topic. Civil Engineering A clear and cogent nontechnical survey of the world's major challenges beyond the preservation of peace and security. -- Richard N. Cooper Foreign Affairs Sachs's book is written for a popular audience and could be used as a complementary text for courses in environmental or development economics or in public health classes or environmental studies classes. Its breadth of insights and coverage is staggering and students and general readers will find new ideas on every page of the book. -- Matthew E. Kahn Journal of Economic LiteratureTable of ContentsForeword, by Secretary-General Ban Ki-moon of the United Nations Preface Acknowledgments 1. Introduction to Sustainable Development 2. An Unequal World 3. A Brief History of Economic Development 4. Why Some Countries Developed While Others Stayed Poor 5. Ending Extreme Poverty 6. Planetary Boundaries 7. Social Inclusion 8. Education for All 9. Health for All 10. Food Security 11. Resilient Cities 12. Climate Change 13. Saving Biodiversity and Protecting Ecosystem Services 14. Sustainable Development Goals Bibliography Index

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Book SynopsisEvery four years since 2004, the Copenhagen Consensus Center has organized and hosted a high profile thought experiment about how a hypothetical extra $75 billion of development assistance money might best be spent to solve twelve of the major crises facing the world today. Collated in this specially commissioned book, a group of more than 50 experts make their cases for investment, discussing how to combat problems ranging from armed conflicts, corruption and trade barriers, to natural disasters, hunger, education and climate change. For each case, ''Alternative Perspectives'' are also included to provide a critique and make other suggestions for investment. In addition, a panel of senior economists, including four Nobel Laureates, rank the attractiveness of each policy proposal in terms of its anticipated cost-benefit ratio. This thought-provoking book opens up debate, encouraging readers to come up with their own rankings and decide which solutions are smarter than others.Trade ReviewPraise for the Copenhagen Consensus 2004–2013: 'I have served on four Copenhagen Consensus committees of experts since 2004. All involved hard choices among attractive alternatives to meet crucial objectives for development and health. And the reason I keep serving? I learn so much.' Thomas C. Schelling, Distinguished University Professor Emeritus of Economics, University of Maryland, and Nobel Laureate in EconomicsPraise for the Copenhagen Consensus 2004–2013: 'The Copenhagen Consensus brings together an impressive roster of minds, and while not everyone agrees with the composition and ordering of Lomborg's priorities lists - climate change tends to rank lower than many stakeholders would like, for example - as a point of departure for discussion, the exercise of priority-setting is a sound one.' Tom Zeller, Jr, The Huffington PostPraise for the Copenhagen Consensus 2004–2013: '[The] Copenhagen Consensus is an outstanding, visionary idea and deserves global coverage.' The EconomistPraise for the Copenhagen Consensus 2004–2013: 'The selection of zinc supplements by the Copenhagen Consensus as the top global remedy for hunger and malnutrition was one of the main drivers for our $3 million initiative 'Zinc Saves Kids' with UNICEF. We are now expanding this effort to help the 450,000 kids at risk of dying every year, working with the United Nations Foundation, the Gates Foundation and others.' Stephen R. Wilkinson, Executive Director, International Zinc AssociationPraise for the Copenhagen Consensus 2004–2013: 'One of the greatest leadership skills discussed in the Global Leadership Forum in Washington DC (October 2012) was the Copenhagen Consensus simulation. This activity was very important because it gave us the opportunity to work together on a key leadership skill: building consensus around difficult issues.' Naglaa Hassab, Humphrey Fellow, MBA student in Economic Development, Finance and Banking, EgyptTable of ContentsIntroduction Bjørn Lomborg; Part I. The Solutions: 1. Armed conflicts J. Paul Dunne; 1.1 Alternative perspective Anke Hoeffler; 1.2 Alternative perspective Andrew Mack; 2. The challenge of ecosystems and biodiversity Salman Hussain, Anil Markandya, Luke Brander, Alistair McVittie, Rudolf de Groot, Olivier Vardakoulias, Alfred Wagtendonk and Peter H. Verburg; 2.1 Alternative perspective Juha V. Siikamäki; 2.2 Alternative perspective John C. Whitehead and Paul E. Chambers; 3. Chronic disease prevention and control Prabhat Jha, Rachel Nugent, Stéphane Verguet, David Bloom and Ryan Hum; 3.1 Alternative perspective Julia Fox-Rushby; 3.2 Alternative perspective Marc Suhrcke; 4. Climate change: CO2 abatement Richard S. J. Tol; Technology-led mitigation Isabel Galiana and Christopher Green; Climate-engineering R&D J. Eric Bickel and Lee Lane; Climate-change adaptation Francesco Bosello, Carlo Carraro and Enrica De Cian; 4.1 Alternative perspective Samuel Fankhauser; 4.2 Alternative perspective Anil Markandya; 5. Education: the case for improving school quality and student health as a development strategy Peter F. Orazem; 5.1. Alternative perspective Lant Pritchett; 5.2 Alternative perspective George Psacharopoulos; 6. Hunger and malnutrition: investments to reduce hunger and undernutrition John Hoddinott, Mark Rosegrant and Maximo Torero; 6.1 Alternative perspective Anil B. Deolalikar; 6.2 Alternative perspective Beatrice Lorge Rogers; 7. Infectious disease, injury, and reproductive health Dean T. Jamison, Prabhat Jha, Ramanan Laxminarayan and Toby Ord; 7.1 Alternative perspective Till Bärnighausen, David Bloom and Salal Humair; 7.2 Alternative perspective David Canning; 8. Policy options for reducing losses from natural disasters: allocating $75 billion Howard Kunreuther and Erwann Michel-Kerjan; 8.1 Alternative perspective Stéphane Hallegatte; 8.2 Alternative perspective Ilan Noy; 9. Population growth Hans-Peter Kohler; 9.1 Alternative perspective Oded Galor; 9.2 Alternative perspective David Lam; 10. Water and sanitation Frank Rijsberman and Alix Peterson Zwane; 10.1 Alternative perspective W. Michael Hanemann; 10.2 Alternative perspective Guy Hutton; 11. Corruption and policy reform Susan Rose-Ackerman and Rory Truex; 12. Trade barriers and subsidies: multilateral and regional reform opportunities Kym Anderson; Part II. Ranking the Opportunities: Expert Panel Ranking Finn E. Kydland, Robert Mundell, Thomas Schelling, Vernon Smith and Nancy Stokey; Conclusion: making your own prioritisation Bjørn Lomborg; Index.

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Book SynopsisFocuses on women and households as significant productive units of global production systems and brings gender and social reproduction into the theoretical center of global commodity and value chain analysis.Trade Review"A collective project between Virginia Tech and SUNY Binghamton, original essays from both novice researchers and senior scholars use ethnographic, archival, and some social survey data to provide alternatives to neoclassical and neoliberal economic analysis . . . Recommended." -- G. M. Massey * CHOICE *"[B]oth the analysis and case studies brought together in this book are based on strong scholarly research. Combined, they provide important insights into key aspects of the gendered dimensions of commodity chains, and rightly establish gender as central to the analysis. For those in accord with a World Systems perspective, the book is a must read that will provide a foundation for future investigation. For those with differing perspectives on gender, development, and global value chains, this is a thought-provoking book that will help to stimulate much needed future debate and research." -- Stephanie Ware Barrientos"Work on gender, while very difficult because of the resistance, is also very urgent. We have, as the saying goes, not a minute to lose, which is why this book constitutes an important contribution not merely to the social sciences but to the larger world political scene." * From the foreword by Immanuel Wallerstein *"This is a genuinely exciting collection that fills a critical need. Gendered Commodity Chains contains interesting empirical case studies, as well as probing conceptual pieces that synopsize larger bodies of recent research—and then push the envelope much further! It will be an invaluable addition to course readings in fields including development studies, comparative sociology, international studies, political economy, and feminist studies, and a must for academic libraries." -- David A. Smith, University of California * Irvine *"Wilma Dunaways's Gendered Commodity Chains: Seeing women's Work and Households in Global Production is a stunning collaboration that will inspire further conceptual work and research in fields as diverse as anthropology, economics, development studios, sociology, and geography. The prose is crystal clear, accessible, and compelling." -- Altha J. Cravey * American Journal of Sociology *"Wilma A. Dunaway's edited volume contributes to the fields of economics, development, and gender studies by drawing attention to fundamental features of the capitalist system that have long exploited women . . . Dunaway superbly describes how women's unpaid labor and home-based production lowers the value of labor power, cheapens wage rates, externalized costs to households, and creates levels of exploitation to the direct benefit of capitalists . . . Dunaway's volume provides a pivotal contribution to the study of commodity chains by exposing how capitalists externalize hidden costs to women's uncompensated and inequitable reproductive and productive labor with direct ramifications on the sustainability of households. Communities, local economies, and ecosystems worldwide." -- Nicole Coffey Kellett"This volume enters uncharted territory. As well as a range of sectors and geographical case studies, it provides a far-reaching theoretical reappraisal of the significance of women's work—both paid and unpaid, hidden and visible—to the accumulation of capital and the social reproduction systems that underlie the accumulation of capital. Unmissable." -- Professor Ruth Pearson * University of Leeds *"From theoretical and methodological analysis to empirical work, this volume fills a vacuum in commodity chain studies to show how 'gender is everywhere.' Gendered Commodity Chains will be of great use for teaching and research, with many policy implications and suggestions for future research." -- Lourdes Benería * Cornell University *

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Book SynopsisExamines the recent and diverse proliferation of responses that challenge, reform, and even retrench neoliberalism's hegemony in Latin America.Trade Review"Neoliberalism Interrupted is a timely book on the winds of change sweeping through Latin America. Covering a wide range of countries it provides many important reference points against which the wider phenomenon of the so-called Pink Tide can be viewed an assessed. Usefully, it deals not only with those countries that are often paradigmatically associated with the leading edge of resistance to neoliberalism (Bolivia, Venezuela, Ecuador) but also those countries where neoliberal socio-economic and political practices have remained firmly entrenched (Colombia, Mexico, El Salvador) or where assessment has been more ambiguous (Argentina) . . . [This] is a highly readable and engaging book for both students and seasoned scholars of Latin America. It deserves to be read widely."—Chris Hesketh, Bulletin of Latin American Research"Neoliberalism, Interrupted is an aptly titled volume that examines the current status of neoliberal economic policy and governmentality in Latin America . . . Fine-grained political analysis and rich empirical detail reveal that while Washington Consensus policies are no longer hegemonic in Latin America, neoliberal governance is entrenched and evolving . . . Each of the eight country case studies offers rich historical and political analysis that is alive to contradiction and complexity . . . [T]he case studies are valuable and clearly grounded in deep engagements with research sites."—Jennifer Goett, Journal of Anthropological Research"Mark Goodale and Nancy Postero's collection offers us a vivid panorama of neoliberalism and its interruption, keeping in mind broader patterns of political economic transformation and civil society struggle. The chapters forcefully demonstrate neoliberalism's investment in violence and regulation, while opening our eyes to civil society's spaces to challenge them. From Buenos Aires to Venezuela, from race to gender, this collection represents an important theoretical and critical engagement with Latin America's current realities."—Sarah A. Radcliffe, University of Cambridge, author of Indigenous Development in the Andes: Culture, Power, and Transnationalism"Neoliberalism, Interrupted makes an important contribution to studying Latin America's rapidly changing socio-political landscape. The volume's authors remind us that the region presents a rich laboratory for experiments that defy existing categories of social and political theory in contradictory, but potentially exciting new ways."—Philip Oxhorn, McGill University"This book will resonate with all those interested in one of the most important political questions for Latin America today. The authors resist the temptation to provide easy answers—the essays are subtle and effective, their sophistication buttressed by empirical and theoretical rigor."—Sian Lazar, University of Cambridge"This timely collection brings together diverse disciplinary perspectives to explore the limits of neoliberal governmentality in contemporary Latin America. The contributors provide fine-grained, ethnographic analysis of alternatives to the 'Washington consensus,' both grandiose and grassroots, revealing in the process the promises and contradictions of 'post-neoliberal' political programs and social projects."—Patrick C. Wilson, University of Lethbridge

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Book SynopsisTrade Review"A Choice Outstanding Academic Title of the Year""Winner of the Gyorgy Ranki Prize, Economic History Association""Essential reading for economic historians."---Anne McCants, Journal of Economic History"[A] compendious history. . . . The geographic breadth and temporal length of [Ogilvie's] coverage make The European Guilds unique."---Marc Levinson, Wall Street Journal"The new and highly comprehensive book by Sheilagh Ogilvie . . . . likely to stand as one of the more important works of economic history from the last decade."---Tyler Cowen, Marginal Revolution"A major contribution to economic history and institutional economics."---Mark Koyama, The Review of Austrian Economics"A comprehensive study of European guilds."---Steven A. Epstein, H-France Review"Ogilvie has re-galvanised the debate on guilds."---Richard Goddard, Medieval Archaeology"A learned and comprehensive study of an institution that stood at the heart of the European non-agricultural economy for over seven centuries."---Jan de Vries, EH.net"Ogilvie’s wide-ranging and scrutinous analysis of craft guilds is an essential and stimulating read for all scholars interested in guilds and institutions."---Arie van Steensel, Low Countries Journal of Social and Economic History"Ogilvie’s arguments are so well established in empirical terms, and so thoroughly designed, that all those who harbor more friendly attitudes toward guilds will have serious difficulties refuting her conclusions. . . . A unique contribution to the history of guilds.—Josef Ehmer, Renaissance Quarterly"

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Book SynopsisGDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth. In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.Trade Review "Fioramonti's critique of the limitations of GDP is extremely well constructed, highly appropriate and relevant."—Colin Crouch, University of Warwick, UK "What governments don't track today is often far more important than what they do because what we measure changes how we behave – and how we think. And changing what we think is essential if we are to build a more sustainable economic system. Read this fascinating and well-written book – and change the way you think!"—Graeme Maxton, Secretary General of the Club of Rome and bestselling author of The End of Progress "An original, comprehensive and compelling analysis of the problems with GDP and how to make the world better without it."—Robert Costanza, Australian National University and editor-in-chief of Solutions "A well-written and persuasive analysis of how to change the world by moving beyond the current narrow focus on GDP."—Herman Daly, founder of Ecological Economics and Emeritus Professor, University of Maryland "comprehensive, passionate and detailed overview" —Edoardo Campanella, International Affairs"Prof. Fioramonti’s The World After GDP is a very important study in helping us to understand the role of GDP in getting the world into its present condition, and what aspects of our understanding of GDP may help guide us through the coming era of great change. "—Defense & Foreign Affairs Table of ContentsContents Acknowledgements Figures and Tables Introduction Chapter 1 The making of a post-GDP world Chapter 2 The rise and fall of the GDP ideology Chapter 3 Post-GDP economy Chapter 4 Post-GDP politics Chapter 5 Post-GDP world Conclusion References

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Book SynopsisTrade ReviewThis immensely stimulating book enriches our understanding of comparative and international political economy with new perspectives drawn from post-Keynesian economics about how and why growth models vary across countries and time. Bringing macroeconomics back into the center of the study of comparative capitalism, the authors skillfully weave economics and politics together to yield a distinctive view of the challenges facing the contemporary world. This is an illuminating volume that all political economists will want to read. * Peter A. Hall, Krupp Foundation Professor of European Studies, Harvard University *What happens when growth slows down? This excellent book contributes to a growing research agenda on economic growth, ranging from heterodox economics and international political economy to political science. At the core are institutional differences between national growth regimes that are interconnected in the global economy. Understanding those institutions and dynamics will allow us to better guide the transition from fossil-fuelled growth towards decarbonization. * Anke Hassel, Professor of Public Policy, Hertie School *Every once in a while, a book comes along that genuinely takes the scholarly and analytical debates in a field forwards. This impressively substantial tome is just such a volume, enriching comparative capitalisms analysis in bringing together an array of the world's leading political economists to explore growth models and capitalist restructuring in many parts of the globe. This will become a landmark volume that students and scholars of the political economy interested in the politics of capitalist growth in all parts of the globe will need to read. * Ben Clift, Professor of Political Economy, University of Warwick *Table of ContentsList of Contributors Introduction: Rethinking Comparative Capitalism Lucio Baccaro, Mark Blyth and Jonas Pontusson Part 1: Theoretical Perspectives Chapter 1: Growth Models and Post Keynesian Macroeconomics Engelbert Stockhammer and Özlem Onaran Chapter 2: From Fordism to Franchise: Intellectual property and growth models in the Knowledge Economy Herman Mark Schwartz Chapter 3: Four Galtons and a Minsky: Growth Models from an IPE Perspective Herman Mark Schwartz and Mark Blyth Part 2: Growth Models at Scale Chapter 4: The Political Economy of the Eurozone's Post-Crisis Growth Model Alison Johnston and Matthias Matthijs Chapter 5: China's Growth Models in Comparative and International Perspective Yeling Tan and James Conran Chapter 6: The Politics of Growth Model Switching: Why Latin America Tries, and Fails, to Abandon Commodity-Driven Growth Jazmin Sierra Chapter 7: The FDI-led Growth Models of the East-Central and South-Eastern European Periphery Cornel Ban and Dragos Adascalitei Part 3: Country Case Studies Chapter 8: Credit and Consumption-Led Growth Models in the United States and United Kingdom Alexander Reisenbichler and Andreas Wiedemann Chapter 9: The Political-Economic Foundations of Export-led Growth: An Analysis of the German Case Lucio Baccaro and Martin Höpner Chapter 10: Rebalancing Balanced Growth: The Evolution of the Swedish Growth Model since the mid- 1990s Lennart Erixon and Jonas Pontusson Chapter 11: Growth and Stagnation in Southern Europe: The Italian and Spanish Growth Models Compared Lucio Baccaro and Fabio Bulfone Chapter 12: Global Capital and National Growth Models: The Cases of Ireland and Latvia Dorothee Bohle and Aidan Regan Part 4: Policies and Politics Chapter 13: Financialization and Growth Regimes Cornel Ban and Oddny Helgadóttir Chapter 14: Political Parties and Growth Models Jonathan Hopkin and Dustin Voss Chapter 15: Growth Models Under Austerity Evelyne Hübscher and Thomas Sattler Chapter 16: Welfare States and Growth Models: Accumulation and Legitimation Julia Lynch and Sara Watson Chapter 17: Green Growth Models Jonas Nahm Index

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Book SynopsisTrade Review'This extraordinarily important book should be read by everyone who cares about Africa.' - Max Hastings, Sunday Times "Terrifically readable." --Time.com "Set to become a classic. Crammed with statistical nuggets and common sense, his book should be compulsory reading." --The Economist "If Sachs seems too saintly and Easterly too cynical, then Collier is the authentic old Africa hand: he knows the terrain and has a keen ear.... If you've ever found yourself on one side or the other of those arguments--and who hasn't?--then you simply must read this book." --Niall Ferguson, The New York Times Book Review "Rich in both analysis and recommendations.... Read this book. You will learn much you do not know. It will also change the way you look at the tragedy of persistent poverty in a world of plenty." --Financial Times "Insightful and influential."--Newsweek "Workable development ideas are hard to find, but Professor Collier may have identified the next frontier for positive change."--Tyler Cowen, The New York TimesTable of ContentsPart I: What's the Issue? A Personal Preface - 1. Falling Behind and Falling Apart: The Bottom Billion; Part II: The Traps - 2. The Conflict Trap; 3. The Natural Resource Trap; 4. Landlocked with Bad Neighbors; 5. Bad Governance in a Small Country; Part III: An Interlude: Globalization to the Rescue - 6. On Missing the Boat: The Marginalization of the Bottom Billion in the World Economy; Part IV: The Instruments - 7. Aid to the Rescue?; 8. Military Intervention; 9. Laws and Charters; 10. Trade; Part V: The Struggle for the Bottom Billion - 11. An Agenda for Action.

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Book SynopsisThe world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Angus Deaton--one of the foremost experts on economic development and on poverty--tells the remarkable story of how, beginning 250Trade ReviewAngus Deaton, Winner of the 2015 Nobel Prize in Economics Winner of the 2013 William G. Bowen Award, Industrial Relations Section of Princeton University One of Bloomberg Businessweek's Best Books of 2015, chosen by John Snow One of Bloomberg/Businessweek Best Books of 2013, selected by Christopher L. Eisgruber (president of Princeton University) One of Forbes Magazine's Best Books of 2013 Honorable Mention for the 2013 PROSE Award in Economics, Association of American Publishers Shortlisted for the 2014 Spear's Book Awards in Financial History Longlisted for the 2013 Business Book of the Year Award, Financial Times/Goldman Sachs A "Best Business Book of the Year for 2013" selected on LinkedIn by Matthew Bishop, Economics Editor of The Economist Featured in The Sunday Times 2013 Holiday Roundup "If you want to learn about why human welfare overall has gone up so much over time, you should read The Great Escape: Health, Wealth, and the Origins of Inequality."--Bill Gates "[O]ne of the most succinct guides to conditions in today's world... The story Deaton tells--the most inspiring human story of all--should give all of us reason for optimism, so long as we are willing to listen to its moral."--David Leonhardt, New York Times Book Review "[A]n illuminating and inspiring history of how mankind's longevity and prosperity have soared to breathtaking heights in modern times... [Deaton's] book gives a stirring overview of the economic progress and medical milestones that, starting with the Industrial Revolution and accelerating after World War II, have caused life expectancies to soar."--Fred Andrews, New York Times "[A]n engaging and sure-footed guide to the 'endless dance between progress and inequality ...'"--Martha C. Nussbaum, New Republic "Is the world becoming a fairer as well as a richer place? Few economists are better equipped to answer this question than Angus Deaton of Princeton University, who has thought hard about measuring international well-being and is not afraid to roam through history. Refreshingly, Mr Deaton also reaches beyond a purely economic narrative to encompass often neglected dimensions of progress such as better health... [T]he theme requires a big canvas and bold brushwork, and Mr Deaton capably offers both."--Economist "[E]loquently written and deeply researched... For those interested in world poverty, it is unquestionably the most important book on development assistance to appear in a long time."--Kenneth Rogoff, Project Syndicate "A truly elegant exploration... It offers an erudite sojourn through history, all the way to the domestic and international policy issues pressing in on us today. Unusual for scholarly works in economics, this book is rendered in easily accessible prose, supported by fascinating statistics presented graphically."--Uwe E. Reinhardt, NYTimes.com's Economix blog "[A] masterful account."--Anne-Marie Slaughter, CNN.com "As the title of his book suggests, Deaton sketches out the story of how many people have escaped from poverty and early death. It is a powerful tale. In Deaton's hands, the all too frequently forgotten accomplishments of the last century are given prominence that is both refreshing and welcome."--Edward Hadas, Reuters BreakingViews "The Great Escape combines, to a rare degree, technical sophistication, moral urgency, the wisdom of experience, and an engaging and accessible style. It will deepen both your appreciation of the miracle of modern economic growth and your conviction that the benefits can and should be much more widely enjoyed."--Clive Crook, Bloomberg News "This is a book that deserves to be read by as many people as possible, so that the poverty debates we have in India go beyond ideological grandstanding and the usual television dramatics... The recent years have seen several leading economic thinkers write excellent books for the ordinary reader, and the new Deaton book is firmly in that category."--Niranjan Rajadhyaksha, Mint "Deaton's lucid book celebrates the riches brought by growth while judiciously explaining why some people are always 'left behind'. He draws a distinction between the inequalities that are opened up by advances in knowledge and those caused by flawed political systems... The book's rich historical and geographical context adds to the power of this message."--John McDermott, Financial Times "In The Great Escape, he dons the hat of an economic historian to provide a fresh perspective on the march of human progress (and its pitfalls) that should inform our current debate about income inequality."--Konrad Yakabuski, Globe & Mail "It's a privilege to know the author of one of the most important books I've read, not least because it acts as entry point into other significant related books, research and debates... Deaton's work reflects this combined pursuit of economics and ethics, manifested through research in to the wealth and health of nations."--John Atherton, Crucible "It would make for delightful reading for economists, donors and policy makers."--Charan Singh, Business Standard "[A] fantastic book about the origins of global poverty. Deaton's humanitarian credentials are unimpeachable, yet he thinks almost all non-health related foreign aid is making global poverty worse. He proposes a variety of alternatives, like massive investments in medical research and cracking down on the small arms trade, that might actually help."--Zack Beauchamp, Think Progress "[T]hese are wonderful essays, each combining the essential Deaton ingredients of theoretical insight, careful analysis of evidence and graceful writing. There are thought-provoking chapters on the history of health improvements and what has driven them; on material well-being in the US; and on the damage caused by aid to developing countries. Deaton has dedicated many years to thinking about each of these issues, with a long list of academic papers to show for it. Here, he seems to step back and reflect on what he has learned, offering us a sage's wisdom."--Kitty Stewart, Times Higher Education "The Great Escape is a thoughtful work, extensively illustrated with data, from a distinguished economist who tackles a central controversy of our time in a style refreshingly free of ideological baggage."--John Kay, Prospect "Angus Deaton has written a wonderful book, The Great Escape: Health, Wealth, and the Origins of Inequality... Deaton's book is a magisterial overview of health, income, and wealth from the industrial revolution to the present, taking in countries poor and rich. Not just jargon-free but equation-free, the book is written with a beautifully lucid style... [P]owerfully argued and convincing."--Michael Marmot, Lancet "Splendid."--Judith Sloan, Australian "In his new book, The Great Escape: Health, Wealth, and the Origins of Inequality, economist Angus Deaton questions the usefulness of all aid, and describes how the greater proportion of the world's poor are found not in Africa but in the booming, yet radically unequal, economies of China and India."--Paul Theroux, Barron's "The Princeton economist makes a compelling case against the naysayers of economic growth, marshalling a wealth of data and clear- eyed observations to explain how growth allows people to live more freely... Mr. Deaton's seemingly inexhaustible knowledge of all things historical is bound to edify even the most erudite of readers."--Andrew Lewis, Pittsburgh Post-Gazette "[C]areful and magisterial."--Pooja Bhatia, Ozy Media "[A] genuine contribution to the emerging literature on rethinking development."--Andrew Hilton, Financial World "Deaton ... is perhaps the single most level-headed student of economic development in the world today... The Great Escape is an extended meditation on the sources and consequences of inequality."--David Warsh, EconomicPrincipals.com "Tops my list of must-read books for 2013. Deaton tackles big topics--global improvements to health and well-being, worrisome levels of inequality within nations and between them, and the challenges to curing poverty through foreign aid. His powerful, provocative argument combines careful analysis, humane insight, lucid prose, and a fearless willingness to challenge conventional wisdom. Whether you agree or disagree with its conclusions, this book will force you to rethink your positions about some of the world's most urgent problems."--Christopher L. Eisgruber, president of Princeton University, Bloomberg Businessweek "The book deserves to be read by all, especially by the students of economic development."--Tirthankar Roy, Economic & Political Weekly "Professor Deaton hits the psychological nail on the head when he suggests that aid is 'more about satisfying our own need to help.' He identifies the related issue of 'aid illusion'--the belief that poverty in poor countries can be solved by rich people transferring money."--Peter Foster, Financial Post "This is a fascinating book on health, wealth and inequality."--Bibek Debroy, Businessworld "Development economist Deaton draws on his lifelong interest in and considerable knowledge of economic development to tell the story of modernization and the rise from worldwide poverty. Chapters illustrating demographic and economic trends utilize well-crafted charts and graphs to depict the rising paths that countries, first the US and western Europe and more recently China and India, have taken as their populations improve their health, education, and income-making abilities."--Choice "The Great Escape is an eloquent and passionate description of what sickness and health look like for the world's populations and economies. Deaton's history of health and wealth offers a compelling narrative for both the general reader and academics alike. It raises a range of questions of why some countries falter, why others succeed and what can be done to close gaps between them."--John Parman, EH.Net "The Great Escape is a good place to start if you are looking to increase your own understanding of inequality as you attempt to add more light than heat to the debates... I found the book humbling, disquieting, and lacking in easy answers to complex questions--precisely why I also found it thoughtful and useful."--W. Steven Barnett, Business Economics "Deaton's book ends up making a powerful contribution to economists' evolving understanding of the importance of institutions."--David N. Weil, Journal of Economic Literature "In The Great Escape Angus Deaton has provided an insightful, thought-provoking and highly readable overview of the progress of human wellbeing. There is much that both general and specialist audiences will learn from it--I recommend it highly."--Jeff Borland, Economic Record "[A] wonderful book."--Martin Wolf, Financial Times "This book is a timely reminder that the conditions that facilitated this progress were created not only through the progress of health science, but through a political effort to ensure that science benefited all."--Sara Davies, International Affairs "Deaton takes the reader on a richly detailed tour through a landscape of historical narrative, science, data from across the world, and scholarly debate. And he is a superb guide: erudite, lucid, humane, and witty."--David Weil, Journal of Economic Literature "In The Great Escape Angus Deaton has provided an insightful, thought-provoking and highly readable overview of the progress of human well being. There is much that both general and specialist audiences will learn from it - I recommend it highly."--Jeff B. Orland, Economic Record "Deaton takes the reader on a richly detailed tour through a landscape of historical narrative, science, data from across the world, and scholarly debate. And he is a superb guide: erudite, lucid, humane, and witty... Deaton's book ends up making a powerful contribution to economists' evolving understanding of the importance of institutions."--David N. Weil, Journal of Economic Literature "Deaton's The Great Escape is an uplifting and refreshing read for all who are tired of the many books on economic gloom and environmental doom."--Rolf A.E. Mueller, Quarterly Journal of International Agriculture "Highly accessible."--Jeremy Warner, Daily Telegraph "The Great Escape by Angus Deaton, the Scotsman who got this year's Nobel Prize in economics, is an extremely thoughtful overview of economic development and what goes into it. In ways the book is a stirring tale of the long march since the Industrial Revolution out of generalized poverty to the much more prosperous world we know today, with close attention to the relationship between rising prosperity and generally improved health conditions. Well-written by a superb economist with great command of analysis and data. I recommend it highly."--John Snow, former Treasury Secretary, one of Bloomberg's Best Books of 2015 "The Great Escape ... is a thoughtful and optimistic consideration on why some nations are wealthy, and thus healthy, and why others are not."--Trey Carson, Review of Austrian EconomicsTable of ContentsPreface ix Introduction: What This Book Is About 1 1 The Wellbeing of the World 23 PART I LIFE AND DEATH 2 From Prehistory to 1945 59 3 Escaping Death in the Tropics 101 4 Health in the Modern World 126 PART II MONEY 5 Material Wellbeing in the United States 167 6 Globalization and the Greatest Escape 218 PART III HELP 7 How to Help Those Left Behind 267 Postscript: What Comes Next? 325 Notes 331 Index 351

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Book SynopsisThe world is a better place than it used to be. People are wealthier and healthier. Yet the escapes from destitution by so many have left gaping inequalities between people and between nations. This book tells the story of how, some parts of the world began to experience sustained progress, and set the stage for unequal world.Trade ReviewAngus Deaton, Winner of the 2015 Nobel Prize in Economics Winner of the 2013 William G. Bowen Award, Industrial Relations Section of Princeton University One of Bloomberg Businessweek's Best Books of 2015, chosen by John Snow One of Bloomberg/Businessweek Best Books of 2013, selected by Christopher L. Eisgruber (president of Princeton University) One of Forbes Magazine's Best Books of 2013 Honorable Mention for the 2013 PROSE Award in Economics, Association of American Publishers Shortlisted for the 2014 Spear's Book Awards in Financial History Longlisted for the 2013 Business Book of the Year Award, Financial Times/Goldman Sachs A "Best Business Book of the Year for 2013" selected on LinkedIn by Matthew Bishop, Economics Editor of The Economist Featured in The Sunday Times 2013 Holiday Roundup "If you want to learn about why human welfare overall has gone up so much over time, you should read The Great Escape: Health, Wealth, and the Origins of Inequality."--Bill Gates "[O]ne of the most succinct guides to conditions in today's world... The story Deaton tells--the most inspiring human story of all--should give all of us reason for optimism, so long as we are willing to listen to its moral."--David Leonhardt, New York Times Book Review "[A]n illuminating and inspiring history of how mankind's longevity and prosperity have soared to breathtaking heights in modern times... [Deaton's] book gives a stirring overview of the economic progress and medical milestones that, starting with the Industrial Revolution and accelerating after World War II, have caused life expectancies to soar."--Fred Andrews, New York Times "[A]n engaging and sure-footed guide to the 'endless dance between progress and inequality ...'"--Martha C. Nussbaum, New Republic "Is the world becoming a fairer as well as a richer place? Few economists are better equipped to answer this question than Angus Deaton of Princeton University, who has thought hard about measuring international well-being and is not afraid to roam through history. Refreshingly, Mr Deaton also reaches beyond a purely economic narrative to encompass often neglected dimensions of progress such as better health... [T]he theme requires a big canvas and bold brushwork, and Mr Deaton capably offers both."--Economist "[E]loquently written and deeply researched... For those interested in world poverty, it is unquestionably the most important book on development assistance to appear in a long time."--Kenneth Rogoff, Project Syndicate "A truly elegant exploration... It offers an erudite sojourn through history, all the way to the domestic and international policy issues pressing in on us today. Unusual for scholarly works in economics, this book is rendered in easily accessible prose, supported by fascinating statistics presented graphically."--Uwe E. Reinhardt, NYTimes.com's Economix blog "[A] masterful account."--Anne-Marie Slaughter, CNN.com "As the title of his book suggests, Deaton sketches out the story of how many people have escaped from poverty and early death. It is a powerful tale. In Deaton's hands, the all too frequently forgotten accomplishments of the last century are given prominence that is both refreshing and welcome."--Edward Hadas, Reuters BreakingViews "The Great Escape combines, to a rare degree, technical sophistication, moral urgency, the wisdom of experience, and an engaging and accessible style. It will deepen both your appreciation of the miracle of modern economic growth and your conviction that the benefits can and should be much more widely enjoyed."--Clive Crook, Bloomberg News "This is a book that deserves to be read by as many people as possible, so that the poverty debates we have in India go beyond ideological grandstanding and the usual television dramatics... The recent years have seen several leading economic thinkers write excellent books for the ordinary reader, and the new Deaton book is firmly in that category."--Niranjan Rajadhyaksha, Mint "Deaton's lucid book celebrates the riches brought by growth while judiciously explaining why some people are always 'left behind'. He draws a distinction between the inequalities that are opened up by advances in knowledge and those caused by flawed political systems... The book's rich historical and geographical context adds to the power of this message."--John McDermott, Financial Times "In The Great Escape, he dons the hat of an economic historian to provide a fresh perspective on the march of human progress (and its pitfalls) that should inform our current debate about income inequality."--Konrad Yakabuski, Globe & Mail "It's a privilege to know the author of one of the most important books I've read, not least because it acts as entry point into other significant related books, research and debates... Deaton's work reflects this combined pursuit of economics and ethics, manifested through research in to the wealth and health of nations."--John Atherton, Crucible "It would make for delightful reading for economists, donors and policy makers."--Charan Singh, Business Standard "[A] fantastic book about the origins of global poverty. Deaton's humanitarian credentials are unimpeachable, yet he thinks almost all non-health related foreign aid is making global poverty worse. He proposes a variety of alternatives, like massive investments in medical research and cracking down on the small arms trade, that might actually help."--Zack Beauchamp, Think Progress "[T]hese are wonderful essays, each combining the essential Deaton ingredients of theoretical insight, careful analysis of evidence and graceful writing. There are thought-provoking chapters on the history of health improvements and what has driven them; on material well-being in the US; and on the damage caused by aid to developing countries. Deaton has dedicated many years to thinking about each of these issues, with a long list of academic papers to show for it. Here, he seems to step back and reflect on what he has learned, offering us a sage's wisdom."--Kitty Stewart, Times Higher Education "The Great Escape is a thoughtful work, extensively illustrated with data, from a distinguished economist who tackles a central controversy of our time in a style refreshingly free of ideological baggage."--John Kay, Prospect "Angus Deaton has written a wonderful book, The Great Escape: Health, Wealth, and the Origins of Inequality... Deaton's book is a magisterial overview of health, income, and wealth from the industrial revolution to the present, taking in countries poor and rich. Not just jargon-free but equation-free, the book is written with a beautifully lucid style... [P]owerfully argued and convincing."--Michael Marmot, Lancet "Splendid."--Judith Sloan, Australian "In his new book, The Great Escape: Health, Wealth, and the Origins of Inequality, economist Angus Deaton questions the usefulness of all aid, and describes how the greater proportion of the world's poor are found not in Africa but in the booming, yet radically unequal, economies of China and India."--Paul Theroux, Barron's "The Princeton economist makes a compelling case against the naysayers of economic growth, marshalling a wealth of data and clear- eyed observations to explain how growth allows people to live more freely... Mr. Deaton's seemingly inexhaustible knowledge of all things historical is bound to edify even the most erudite of readers."--Andrew Lewis, Pittsburgh Post-Gazette "[C]areful and magisterial."--Pooja Bhatia, Ozy Media "[A] genuine contribution to the emerging literature on rethinking development."--Andrew Hilton, Financial World "Deaton ... is perhaps the single most level-headed student of economic development in the world today... The Great Escape is an extended meditation on the sources and consequences of inequality."--David Warsh, EconomicPrincipals.com "Tops my list of must-read books for 2013. Deaton tackles big topics--global improvements to health and well-being, worrisome levels of inequality within nations and between them, and the challenges to curing poverty through foreign aid. His powerful, provocative argument combines careful analysis, humane insight, lucid prose, and a fearless willingness to challenge conventional wisdom. Whether you agree or disagree with its conclusions, this book will force you to rethink your positions about some of the world's most urgent problems."--Christopher L. Eisgruber, president of Princeton University, Bloomberg Businessweek "The book deserves to be read by all, especially by the students of economic development."--Tirthankar Roy, Economic & Political Weekly "Professor Deaton hits the psychological nail on the head when he suggests that aid is 'more about satisfying our own need to help.' He identifies the related issue of 'aid illusion'--the belief that poverty in poor countries can be solved by rich people transferring money."--Peter Foster, Financial Post "This is a fascinating book on health, wealth and inequality."--Bibek Debroy, Businessworld "Development economist Deaton draws on his lifelong interest in and considerable knowledge of economic development to tell the story of modernization and the rise from worldwide poverty. Chapters illustrating demographic and economic trends utilize well-crafted charts and graphs to depict the rising paths that countries, first the US and western Europe and more recently China and India, have taken as their populations improve their health, education, and income-making abilities."--Choice "The Great Escape is an eloquent and passionate description of what sickness and health look like for the world's populations and economies. Deaton's history of health and wealth offers a compelling narrative for both the general reader and academics alike. It raises a range of questions of why some countries falter, why others succeed and what can be done to close gaps between them."--John Parman, EH.Net "The Great Escape is a good place to start if you are looking to increase your own understanding of inequality as you attempt to add more light than heat to the debates... I found the book humbling, disquieting, and lacking in easy answers to complex questions--precisely why I also found it thoughtful and useful."--W. Steven Barnett, Business Economics "Deaton's book ends up making a powerful contribution to economists' evolving understanding of the importance of institutions."--David N. Weil, Journal of Economic Literature "In The Great Escape Angus Deaton has provided an insightful, thought-provoking and highly readable overview of the progress of human wellbeing. There is much that both general and specialist audiences will learn from it--I recommend it highly."--Jeff Borland, Economic Record "[A] wonderful book."--Martin Wolf, Financial Times "This book is a timely reminder that the conditions that facilitated this progress were created not only through the progress of health science, but through a political effort to ensure that science benefited all."--Sara Davies, International Affairs "Deaton takes the reader on a richly detailed tour through a landscape of historical narrative, science, data from across the world, and scholarly debate. And he is a superb guide: erudite, lucid, humane, and witty."--David Weil, Journal of Economic Literature "In The Great Escape Angus Deaton has provided an insightful, thought-provoking and highly readable overview of the progress of human well being. There is much that both general and specialist audiences will learn from it - I recommend it highly."--Jeff B. Orland, Economic Record "Deaton takes the reader on a richly detailed tour through a landscape of historical narrative, science, data from across the world, and scholarly debate. And he is a superb guide: erudite, lucid, humane, and witty... Deaton's book ends up making a powerful contribution to economists' evolving understanding of the importance of institutions."--David N. Weil, Journal of Economic Literature "Deaton's The Great Escape is an uplifting and refreshing read for all who are tired of the many books on economic gloom and environmental doom."--Rolf A.E. Mueller, Quarterly Journal of International Agriculture "Highly accessible."--Jeremy Warner, Daily Telegraph "The Great Escape by Angus Deaton, the Scotsman who got this year's Nobel Prize in economics, is an extremely thoughtful overview of economic development and what goes into it. In ways the book is a stirring tale of the long march since the Industrial Revolution out of generalized poverty to the much more prosperous world we know today, with close attention to the relationship between rising prosperity and generally improved health conditions. Well-written by a superb economist with great command of analysis and data. I recommend it highly."--John Snow, former Treasury Secretary, one of Bloomberg's Best Books of 2015 "The Great Escape ... is a thoughtful and optimistic consideration on why some nations are wealthy, and thus healthy, and why others are not."--Trey Carson, Review of Austrian EconomicsTable of ContentsPreface ix Introduction: What This Book Is About 1 1 The Wellbeing of the World 23 PART I LIFE AND DEATH 2 From Prehistory to 1945 59 3 Escaping Death in the Tropics 101 4 Health in the Modern World 126 PART II MONEY 5 Material Wellbeing in the United States 167 6 Globalization and the Greatest Escape 218 PART III HELP 7 How to Help Those Left Behind 267 Postscript: What Comes Next? 325 Notes 331 Index 351

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Book SynopsisTrade Review"Co-Winner of the 2018 Allan Sharlin Memorial Award, Social Science History Association""Finalist for the 2017 Hayek Prize, The Manhattan Institute""Honorable Mention for the 2017 PROSE Award in European and World History, Association of American Publishers""One of MIT Technology Review’s Best Books of 2016""Fascinating.... [Mokyr] reminds us that the skirmishing of philosophers and their ideas, the preoccupation of popular historians, is in many ways a sideshow—that the revolution that gave Europe dominance was, above all, scientific, and that the scientific revolution was, above all, an artisanal revolution."---Adam Gopnik, New Yorker"A fine book. . . . One of our country's great economic historians has helped us better understand the greatest transformation in human welfare our planet has ever seen."---Richard Vedder, Wall Street Journal"Wide-ranging and erudite. . . . Mokyr offers a useful corrective to excessively deterministic and materialistic treatments of economic history, emphasizing ideas—the West, he argues, had a uniquely positive view about subjugating nature to human control—and individual agency in shaping broad socioeconomic shifts." * Publishers Weekly *"Ultimately, without the impetus of science, economic growth would have fizzled out after 1815. A Culture of Growth is certainly making me rethink."---Brad DeLong, Nature"A Culture of Growth is a brilliant book. You should buy it and even read it. It’s long, but consistently interesting, even witty."---Deirdre McCloskey, Prospect"In pointing to growth-boosting factors that go beyond either the state or the market, Mokyr's book is very welcome."---Victoria Bateman, Times Higher Education"Mokyr . . . dives into the mystery of how the world went from being poor to being so rich in just a few centuries. . . . Drawing on centuries of philosophy and scientific advancements, Mokyr argues that there's a reason the Industrial Revolution occurred in Europe and not, for example, in China, which had in previous centuries shown signs of more scientific advancement: Europe developed a unique culture of competitive scientific and intellectual advancement that was unprecedented and not at all predestined."---Ana Swanson, WashingtonPost.com's Wonkblog"The sheer elegance of Mr. Mokyr's theory . . . has much to commend it. And it is refreshing that an economist is taking seriously the idea that ideas and culture make a difference to economic growth." * The Economist *"Mokyr has written a book to read slowly and chew over thoroughly. . . . He is a wonderfully well-read lucid and continuously interesting guide to a vast literature and invariably thought provoking."---Alan Ryan, Literary Review"Someone needed to write a book like this, and there could have been no better author to do so than Mokyr."---Peer Vries, Foreign Affairs"Economic historian Joel Mokyr has written a capstone work on the dynamics of the industrial revolution."---Arnold Kling, Econlib"It is not often that a book leaves me gasping in admiration for the breadth and depth of an author's reading and knowledge, but this one did."---Ted Nield, Geoscientist Online"This book is the latest example of Mokyr's ability to explicate complex issues, illustrating his big-picture thesis with a myriad of fascinating details. He writes with clarity--enjoyable for the general reader as well as for the specialist in economic history. A Culture of Growth is a must-read for anyone interested in how Western society got where it is today and what this implies for the spread of technology in the global economy of the future." * Finance & Development *"A Culture of Growth is a book of immense importance for us Indians especially when we are getting comfortable, forever playing victim to the depredations of British imperialism instead of wholeheartedly focusing on beating the West at its game as the Chinese are doing. . . . Well worth tackling."---Uday Balakrishnan, Hindu Business Line"A Culture of Growth is an insightful quest into the economic history of the last five centuries. Mokyr’s historical laboratory is early modern Europe, when a small mass of highly skilled artisans, entrepreneurs, financiers and merchants laid the roots of what was to become the Industrial Revolution." * Progressive Post *"One has to admire the depth of knowledge and the subtlety of Mokyr’s argument. . . . For serious students of the Enlightenment itself, Mokyr’s magnum opus will be required reading for a long time to come."---Nicholas Crafts, History Today"A fresh historical treatment."---Darcy Allen, IPA Review"This is a tour d'horizon of an exciting new area of inquiry, which offers important insights into the future of our civilization and the evolution of an increasingly technical world. Mokyr's book is so rich and stimulating that no brief review can do it justice. So, dear reader, read the book!"---Wolfgang Kasper, Policy"The book represents recognition that culture has finally arrived as an important and legitimate concept in discussions of economic growth. In this endeavor, the book is an important landmark. . . . Students and scholars working in the field will benefit from the intelligent and rich discussion provided in A Culture of Growth."---Mark Koyama, Independent Review"What stands out from Mokyr’s approach is the highly contingent character of the Enlightenment and Industrial Revolution. They happened because a lot ofdifferent things happened to fall into place; small deviations in the course of events could have given us an entirely different world of technological and economic power."---Diane Coyle, Financial Times"After reading this book, chances are that you won’t look at the economic, social, and political world in quite the same way as before."---Pierre Lemieux, Regulation"An important body of work. It contains ideas, propositions, historical facts, biographies of influential scholars, writersand scientists, and it is a confirmation of the author's expertise of a broad range of topics in the economics of culture and comparative economic history of an emerging Europe and China."---Dr Meltem Ince-Yenilmez, Rest Journal

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