Development economics Books

Book SynopsisTourism has been identified as one of the few potential growth sectors in mature economics. This third edition of a highly successful textbook provides a systematic overview of theoretical issues of the structure of European tourism and of tourism policies.Table of ContentsIntroduction: Tourism and Uneven Economic Development (A. Williams & G. Shaw). Western European Tourism in Perspective (G. Shaw & A. Williams). Spain: From the Phenomenon of Mass Tourism to the Search for a More Diversified Model (M. Valenzuela). Italy: Diversified Tourism (R. King & A. Montanari). Greece: Hesitant Policy and Uneven Tourism Development in the 1990s (L. Leontidou). Portugal: Market Segmentation and Economic Development (J. Lewis & A. Williams). Switzerland: Structural Change within Stability (A. Gilg). Austria: Contrasting Tourist Seasons and Contrasting Regions (F. Zimmermann). The United Kingdom: Market Trends and Policy Responses (G. Shaw, et al.). Republic of Ireland: An Expanding Tourism Sector (D. Gillmor). France: Tourism Comes of Age (J. Tuppen). Germany: Still a Growing International Deficit?(P. Schnell). Tourism in The Netherlands: Resource Development, Regional Impacts and Issues (D. Pinder). Scandinavia: Challenging Nature (T. Andersson & M. Huse). Central and Eastern Europe: Tourism, Development and Transformation (D. Hall). Tourism Policies in a Changing Economic Environment (A. Williams & G. Shaw). Bibliography. Index.

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Book SynopsisThis textbook covers both environmental impact assessment and strategic environmental assessment. It relates to low and middle income countries in areas including Sub-Saharan Africa, East Asia and the Pacific, South Asia, Central and Eastern Europe, and Central Asia.Trade Review"On the whole, it is a valuable volume, not only for academics and students but also for practitioners such as planners, decision makers, development bank officers, non-governmental organizations and others." (Jnl of Environmental Planning & Management, Vol.44, No.6, 2001)Table of ContentsIntroduction (N. Lee & C. George). EA PRINCIPLES, PROCESSES AND PRACTICE. Environmental Assessment in its Developmental and Regulatory Context (N. Lee). Comparative Review of Environmental Assessment Procedures and Practice (C. George). Screening and Scoping (C. Wood). Environmental Impact Prediction and Evaluation (C. George). Economic Valuation of Environmental Impacts (C. Kirkpatrick). Social Impact Assessment (F. Vanclay). Reviewing the Quality of Environmental Assessments (N. Lee). Methods of Consultation and Public Participation (R. Bisset). Integrating Appraisals and Decision-making (N. Lee). Environmental Monitoring, Management and Auditing (C. George). COUNTRY AND INSTITUTIONAL STUDIES OF EA PROCEDURES AND PRACTICE. Country Studies of EA in Chile, Indonesia and the Russian Federation (L. Contreras, et al.). Country Studies of EA in Nepal, Jordan and Zimbabwe (R. Khadka, et al.). Environmental Assessment in Development Banks and Aid Agencies (C. Rees, et al.). Strengthening Future Environmental Assessment Practice: An International Perspective (H. Abaza). Index.

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Book SynopsisThis study analyzes policy-making in a non-democratic authoritarian country, explaining the history of Chinese market reforms from 1979 to the present. Drawing on interviews with high-level Chinese officials, it pieces together detailed histories of economic reform policy decisions.Table of ContentsAcknowledgments Formal Authority Relations Among Central Communist Party and Government Institutions in the People's Republic of China PART 1. INTRODUCTION 1. The Political Logic of Economic Reform 2. The Prereform Chinese Economy and the Decision to Initiate Market Reforms PART 2. CHINESE POLITICAL INSTITUTIONS 3. Authority Relations: The Communist Party and the Government 4. Leadership Incentives:- Political Succession and Reciprocal Accountability 5. Bargaining Arena: The Government Bureaucracy 6. Who Is Enfranchised in the Policy-making Process? 7. Decision Rules: Delegation by Consensus 8. Chinese Political Institutions and the Path of Economic Reforms PART 3· ECONOMIC REFORM POLICY-MAKING 9. Playing to the Provinces: Fiscal Decentralization and the Politics of Reform 10. Creating Vested Interests in Reform: Industrial Reform Takeoff, 1978-81 11. Leadership Succession and Policy Conflict: The Choice Between Profit Contracting and Substituting Tax-for-Profit, 1982-83 221 12. Building Bureaucratic Consensus: Formulating the Tax-for-Profit Policy, 1983-84 13. The Power of Particularism: Abortive Price Reform and the Revival of Profit Contracting, 1985-88 PART 4· CONCLUSION 14. The Political Lessons of Economic Reform in China Bibliography Index

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Book SynopsisA free ebook version of this title is available throughLuminos, University of California Press's Open Access publishing program. Visitwww.luminosoa.orgto learn more. Unjust Conditions follows the lives and labors of poor mothers in rural Peru, richly documenting the ordeals they face to participate in mainstream poverty alleviation programs. Championed by behavioral economists and the World Bank, conditional cash transfer (CCT) programs are praised as efficient mechanisms for changing poor people's behavior. While rooted in good intentions and dripping with the rhetoric of social inclusion, CCT programs' successes ring hollow, based solely on metrics for children's attendance at school and health appointments. Looking beyond these statistics reveals a host of hidden costs for the mothers who meet the conditions. With a poignant voice and keen focus on ethnographic research, Tara PatriciaCooksonturns the reader's gaze to women's care work in landscapes of grossly inadequate state investment, cleverly drawing out the tensions between social inclusion and conditionality.Trade Review"[Cookson] is able to present her informants in a perceptive and nuanced way which shows careful reflection of wider debates around ‘development’ and representation . . . this is a ‘must read’ for all those with an interest in the gendered and racialised nature of poverty." * Gender & Development *"A nuanced analysis of a widely implemented and evaluated approach to poverty reduction . . . Unjust Conditions is a must-read for those interested in the political-economic drivers of poverty, as well as researchers, students and practitioners of development, gender and labour, and governance and social policy who wish to understand CCT from a critical perspective." * Anthropologica *"Anyone interested in women’s care work, critical development studies, institutional ethnography, and/or the rural Peruvian Andes will want to read this text. Cookson’s ethnography is extensive, historical, and dynamic. She has rendered her time spent in Peru in vivid geographic detail." * Gender, Place & Culture *"Cookson poignantly unpacks the underpinnings of [conditional cash transfer programs] within mainstream economic theory in terms of rational decision making and cost –benefit analysis." * Politics & Gender *"[T]he unsettling evidence presented in Unjust Conditions provides a compelling reason for exploring these 'hidden costs' across the many other contexts in which [CCT] programs are implemented." * American Journal of Sociology *Table of ContentsList of Illustrations Preface Acknowledgments Map of Peru 1 Introduction: Making Aid Conditional 2 Setting the Conditions 3 The Ironic Conditions of Clinics and Schools 4 Rural Women Walking and Waiting 5 Paid and Unpaid Labor on the Frontline State 6 Shadow Conditions and the Immeasurable Burden of Improvement 7 Conclusion: Toward a Caring Society Notes References Index

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Book SynopsisWritten to provide students with the critical tools and approaches used by development economists, Essentials of Development Economics represents an alternative approach to traditional textbooks on the subject. Compact and less expensive than other textbooks for undergraduate development economics courses, Essentials of Development Economics offers a broad overview of key topics and methods in the field. Its fourteen easy-to-read chapters introduce cutting-edge research and present best practices and state-of-the-art methods. By mastering the material in this time-tested book, students will have the conceptual grounding needed to move on to more advanced development economics courses. This new edition includes: updated references to international development policy process and goalssubstantial updates to several chapters with new and revised material to make the text bothcurrent and policy relevantreplacement of several special features with new ones featuringwidely cited studiesTable of ContentsList of Sidebars List of Figures and Tables 1. What Development Economics Is All About 2. What Works and What Doesn’t? 3. Income 4. Poverty 5. Inequality 6. Human Development 7. Growth 8. Institutions 9. Agriculture 10. Structural Transformation 11. Information and Markets 12. Finance 13. International Trade and Globalization Epilogue Notes Index

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Book SynopsisTrade Review"This book is packed with rich material. Each of the four case studies could be its own monograph. This book is most important for two audiences (with fortunate overlap), those in tourism studies of any region and those dedicated to following scholarship of Mexico and/or Yucatan or Maya studies. This book would be excellent for use in Anthropology, Latin American Studies, or Global Studies classes." * The Journal of Latin American and Caribbean Anthropology *"Stuck with Tourism is an engaging read that brings into focus concerns about tourism that go beyond the headlines." * Journal of Latin American Geography *"Matilde Córdoba Azcárate’s Stuck with Tourism powerfully details the predatory nature of tourism industry development." * Anthropology Book Forum *"Stuck with Tourism is both timely and salient. . . .[its] theoretically informed but empirically supported and widely accessible thesis also makes it ideal reading for undergraduates and the general public." * Hispanic American Historical Review *"Azcárate’s writing is powerful, grabbing the reader from the first few sentences of the introduction. This book is a wonderful addition to the growing body of scholarship that brings the tensions of tourism to the surface." * New Mexico Historical Review *Table of ContentsList of Illustrations Acknowledgments Introduction: Predatory and Sticky Tourism Geographies 1 • Beach Enclosures: Manufacturing a Caribbean Paradise 2 • Wild Hotspots: Contested Natures on the Maya Coast 3 • Colonial Enclaves: Site-Specific Indigeneity for Luxury Tourism 4 • City-Village: Domestic Maquila in the Tourist Offstage Conclusion: Tourism Fixation and Disciplinary Retoolings Notes References Index

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Book SynopsisThis title is part of UC Press's Voices Revived program, which commemorates University of California Pressâs mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1982.

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Book SynopsisThe only text not to focus exclusively on the Third World. Second edition of a clasic text, completely revised and updated since first publication in 1985. The clearest and most up-to-date account of the supply of and demand for the world's food. The only text not to focus exclusively on the Third World.Trade ReviewAbout the first edition: "Ought to become a classic textbook and undoubtedly is a monument of scholarly synthesis." Geographical Magazine "The book promotes its own eminent claims to be on an accessible shelf of every senior school and university library." Geography "An excellent addition to the literature ... The book is easy to read and would be a useful textbook for courses on hunger and poverty, third-world development, and agricultural geography." Geographical ReviewTable of ContentsList of Figures viii List of tables x Acknowledgments xv 1 Introduction 1 2 The extent of hunger 5 3 A short history of hunger 30 4 Population and poverty 55 5 The growth of world food output 73 6 The expansion of the world’s arable land 90 7 Agricultural development in the developed countries since 1945 115 8 Tropical Africa 132 9 Latin America 170 10 Asia 200 11 Trade and aid 236 12 Conclusions 256 Noted 267 Index 299

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Book SynopsisDavis shows that the developed and developing world must now pursue ''sustainable development'' requiring high levels of directed innovation. Industrial and commercial businesses of all kinds must bring about what amounts to a second industrial revolution.Trade Review"Needs to be urgently read by managers at all levels." Long Range Planning "Offers an excellent introduction to the most important topic for business..." Executive Development "The scale, the courage, the demanding vision of this book makes it an exceptional read for any manager. There are all signs of the future in this book ... I commend this work for its breadth, foresightedness and its meticulous, and practical relevance to our human condition." Sir Peter Parker Table of ContentsPreface. Foreword: Ronnie Lessem. 1. What does Sustainable Development mean?. 2. Vision and Values. 3. Horses for Courses - the Size Factor. 4. The Numbers Game. 5. Good Work: Different Arrangements. 6. Conducting the Orchestra. 7. Pulling Together: Alternative Ownership. 8. Quality, Codes and Standards. 9. New Rules for the Business Game. 10. New Age Opportunities: Sustainable Technologies. 11. Postscript: The World's Search for New Systems. Index.

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Book SynopsisIn this invaluable introduction to the major post-Second World War theories of Third World development, Peter Preston takes as his focus the strategies used to analyze change in the Third World and examines the ways in which different conceptions of the nature of change have led to different lines of policy advice. In doing so, the author demonstrates how the various contemporary approaches to development draw upon strategies of enquiry which are lodged deep within the intellectual traditions of the modern world. The author''s approach is based on the premise that the reader can only fully grasp the live issues and debates surrounding development through an understanding of the linkages with the broader frameworks of social theory. The volume is organized into four major sections: An introduction to the nature of social scientific analysis; A review of the work of the major social scientific figures of the nineteenth century and their impTrade Review"The author's approach is scholarly and informative, and his book deserves a place in the teaching resources of most departments ..." David Drakakis-Smith, University of Liverpool "A readable, illuminating account ..." Jan Nederveen Pieterse, Institute of Social Studies, The Hague Table of ContentsList of Figures. Abbreviations and Acronyms. Preface. Acknowledgements. Part I: The Nature of Social Theorising:. 1. Arguments and Actions in Social Theorising. Part II: Classical Social Theory:. 2. The Rise of a Social Science of Humankind. 3. Adam Smith and the Spontaneous Order of the Marketplace. 4. Karl Marx and the Dialectics of Historical Change. 5. Emile Durkheim and the Evolution of the Division of Labour. 6. The Transitional Work of Max Weber. 7. The Divisions of Intellectual Labour of the Short Twentieth Century, 1914-1991. Part III: Contemporary Theories of Development:. 8. The Legacies of the Colonial Era: Structures, Institutions and Images. 9. Decolonization, Cold War and the Construction of Modernization Theory. 10. The Development Experience of Latin America: Structuralism and Dependency Theory. 11. The Pursuit of Effective Nationstatehood: The Work of the Institutionalist Development Theorists. 12. The Critical Work of Marxist Development Theory. 13. The Assertion of Third World Solidarity: Global Development Approaches. 14. The Affirmation of the Role of the Market: Metropolitan Neo Liberalism in the 1980s. Part IV: New Analyses of Complex Change:. 15. Global System Interdependence: The New Structural Analyses of the Dynamics of Industrial-Capitalism. 16. Agent Centered Analyses and the Acknowledgment of the Diversity of Forms-of-life. 17. The Formal Character of a New General Approach to Development. 18. A New Substantive Focus: From Theorising the Development of the Third World to Elucidating the Dynamics of Complex Change in the Tripolar Global Industrial-Capitalist system. Bibliography. Index.

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Book SynopsisThis volume examines novel and emerging patterns of U.S. giving to Mexico and their impact on equitable development. in 2005, Mexican migrants living in the U.S. sent billions of dollars to relatives living in Mexico. This bilingual volume asks: What are these new patterns of diaspora giving, and how do they affect equitable development in Mexico?

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Book SynopsisIncome Inequality in Korea explores the relationship between economic growth and social developments over the last three decades. Analyzing equalizing trends in the 1980s to early 1990s and reversals since the 19971998 financial crisis, the authors examine the growing gap between rich and poor in Korea and offer solutions for reducing inequality.

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Book SynopsisBuilding for Oil records the rise of the Petroleum Group in the central government while revealing the everyday stories and struggles of the working class. The book traces the roots and maturation of the Chinese socialist state and its early industrialization and modernization policies during a time of unprecedented economic growth.

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Book SynopsisVietnam focuses on how the country's governance shapes its politics, economy, social development, and international relations, as well as on the reforms required if it is to become a sustainable and modern high-income nation in the coming decades. This book features work by scholars from Vietnam, North America, and Europe.Trade ReviewIf you are going to read only one book on Vietnam to get up to speed with the state of scholarship on the country, this should be the one. A stellar cast of scholars looking at Vietnam from the rise of the party-state to its socioeconomic and diplomatic evolution gives readers an admirable compendium. -- Nayan Chanda, Ashoka University, former editor of Far Eastern Economic Review This volume is essential reading for anyone interested in how Vietnam transitioned from a poor, isolated country one generation ago to a rising Asian success story. Contributions cover both the economics and the politics of this ongoing transformation. -- David Dollar, Brookings Institution, former World Bank country economist for Vietnam and China This compilation provides a penetrating ringside glimpse into how Vietnam transitioned from a crippled centrally-planned economy into a global trading powerhouse and from a diplomatic pariah into a close partner of the U.S. and the West. The authors, including Vietnamese practitioners in and foreign advisers to the country's remarkable reform, detail the challenges Vietnam faces along the road to becoming a high-income nation, including a rigid political system, rampant corruption, growing economic inequality, serious environmental degradation, and a weak secondary education system. It is an invaluable read for anyone trying to understand this complex and dynamic country. -- Murray Hiebert, Center for Strategic and International Studies, author of Under Beijing's Shadow: Southeast Asia's China Challenge This is a critically important book that will be embraced by scholars of Vietnam and economic/political development more generally. The editors have assembled an astounding group of experts in a range of specialties from political science to economics to health to diplomatic history. Each chapter provides new insights that will enrich the knowledge of even long-term students of the country. -- Edmund Malesky, Duke University How can a communist party state coexist with a plural society? Read this book to find out! -- Stein Tonnesson, Peace Research Institute Oslo

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Book SynopsisInvesting Japan demonstrates that foreign investment is a vital and misunderstood aspect of Japan’s modern economic development. This study investigates the role played by foreign companies in the Japanese experience of modernization, highlighting their identity as key agents in the processes of industrialization and technology transfer.Trade ReviewA brilliant treatise in economic history. -- Jerry Bowyer * Forbes *A major contribution to the literature on Japanese financial and economic history, this work is the first comprehensive study in English of foreign involvement in Japan’s modern economy through both loans and joint ventures. It challenges notions of Japanese economic development as a largely ‘autonomous’ process by highlighting the long history of foreign investment in modern Japan. The book richly documents the enormous inflow and multifaceted use of some ¥4 billion in foreign capital prior to World War II and places in compelling historical perspective the growing foreign presence in Japan’s postwar economy. -- Steven Ericson, Dartmouth CollegeAn accessible and illuminating account that demonstrates the crucial and often neglected role of foreign investment in Japan’s capital formation and economic activity from the mid-19th century up to the present. Simon Bytheway’s book will become standard reading for all those interested in Japan’s financial and monetary history, and the country’s economic development as a whole. -- Janet Hunter, London School of Economics and Political ScienceIn this new major contribution to international financial and economic history, Simon Bytheway covers a lot of ground, from Japan’s market-opening shock in the mid-1800s, to the origins of the Japanese gold standard, to present-day globalization. Bytheway is one of the rare foreign scholars based in Japan and writing in Japanese. He knows the subject intimately, and he has now brought his history of the critical role played by foreign investment in Japan to an international audience. -- Mark Metzler, University of Texas at AustinBytheway’s study is a tour de force. He has delved into multiple archives and an extensive array of Japanese and English-language sources to come up with a masterly description of Japanese foreign borrowing over a century and a half. His command of the Japanese sources is particularly impressive. -- Richard Smethurst, University of Pittsburgh

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Book SynopsisEast Asia has three of the most powerful economies on earth, but they are losing steam. Dwight Perkins draws on extensive experience in the region to explain the reasons for this rapid economic growth since the 1960s and to ask if the recent slowdown is a local phenomenon or typical of all economies at this stage of development.Trade ReviewDuring the past half century, the global economy’s most impressive growth engines have largely resided in East and Southeast Asia. To explain the extraordinary performance of these Asian economies, Perkins draws on academic research and on his own decades-long experience as an adviser to developing countries. It comes as no surprise that the explanations vary over time and from economy to economy. Also unsurprising is the good deal of attention that Perkins pays to China, the largest of the economies examined (India and the rest of South Asia are not included). Perkins predicts that China’s outsized economic growth will decline significantly in the years ahead, perhaps to an annual rate of five percent, which would still be high by world standards. He also helpfully places China in the context of other successful Asian countries, in which, Perkins argues, high growth has been aided by a strong emphasis on education. Asian countries’ development of their nonagricultural labor forces has also played an important role, as has their steady engagement with the global economy. -- Richard N. Cooper * Foreign Affairs *Perkins marries an ability to write intelligibly for a popular audience to a decent grounding in the historical background of Asian societies and polities. Examining cross-national economic development in the two regions over the past half century, Perkins notes that sensational rates of growth have characterized not only Japan, South Korea, Taiwan, Hong Kong, and China, but also Malaysia, Thailand, Vietnam, and Singapore. His analysis of what accounts for such success begins with broad brushstrokes of regional history; brings up the general relevance of quantitative economic yardsticks of growth; and discusses the role of state intervention in fostering or hindering growth. Separate attention is then devoted to China and Vietnam and their tortuous journey from Soviet-style command systems to market economies. The book thus serves well as a historically sensitive, comparative primer on the economic dynamics of East and Southeast Asia. -- R. P. Gardella * Choice *The topic of East Asian development is an almost irresistible magnet for over-strong assertions and facile generalizations. In this analysis informed by a long career working on the region, Dwight Perkins provides the necessary antidote. Even specialists will learn much from Professor Perkins’s deeply contextualized, historically-informed comparisons. -- Barry Eichengreen, author of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary SystemA remarkable tour de force. Drawing upon a wealth of knowledge and experience accumulated through close engagement with East Asia during an extraordinarily eventful half century, Dwight Perkins presents a panoramic overview of the region’s economic transformation from the 1950s onwards. His brisk, lucid, and finely textured account of rapid progress in some countries and mixed outcomes in others is a must read. Students seeking to understand East Asia’s remarkable economic performance will find this a highly readable one-stop volume; experts will be amply rewarded by the author’s many penetrating insights into the political economy of policymaking and its implementation in the East Asian context. -- Shahid Yusuf, George Washington University

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Book SynopsisGlobalization is not the primary cause of rising inequality. That is the conclusion of this penetrating study by Elhanan Helpman, a leading expert on international trade. If we wish to curb inequality while protecting what is best about globalization, he shows, we must start with a clear view of how globalization does, and does not, shape our world.Trade ReviewA very well done survey of what we know about this issue, from a leader in the field. -- Tyler Cowen * Marginal Revolution *No one with any interest in current trade policy debates could ask for a better summer read…There is an almost voyeuristic joy in learning [Helpman’s] thoughts on one of the most pressing questions of our times. * Israel Economic Review *In the U.S., there is a backlash against free trade. Many believe globalization is responsible for rising income inequality. The central purpose of this book is to clarify that this belief is not based on evidence…Helpman concludes that the existing evidence does not support the position that increasing free trade has given rise to growing inequality. * Choice *A wonderful work of great contemporary importance. -- Stephen J. Redding, Princeton UniversityElhanan Helpman has produced a magisterial account of the study of globalization, earnings, and income inequality. Deftly weaving discussion of economic theory, empirical analysis, and quantitative modeling, Globalization and Inequality brings social science to life. -- Gordon Hanson, University of California, San DiegoGlobalization is simultaneously heralded as the engine of economic progress and maligned as a prime cause of job loss and inequality. In this wonderfully readable book that brings some sanity to this debate, Elhanan Helpman summarizes and extends what we have learned from decades of economic research. A must-read for anyone interested in understanding how our economy is changing and how we can hope to benefit from globalization without suffering some of its nasty side effects. -- Daron Acemoglu, Massachusetts Institute of Technology

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Book SynopsisComplements theoretical analysis with detailed discussions of the empirics of the economics of agglomeration, offering a mix of theoretical and empirical research that gives a fresh perspective on spatial disparities. This book provides an introduction to economic geography and includes history and background of the field of spatial economics.Trade Review"Economic Geography: The Integration of Regions and Nations is an outstanding contribution to the field... Even those most familiar with the economic geography literature will emerge from reading the book challenged, engaged, and enlightened."--Donald R. Davis, Journal of International Economics "The book delivers important insights into the theories and practices of economic geography and opens opportunities for new avenues of research, by providing extensions of the existing theoretical models which can form the basis of new applications and tests to these theories... [T]his book is highly recommended for both academic and graduates."--Vitor Braga, Economic Geography Research Group "[T]he book by Combes et al. gives an excellent overview of identification, estimation, omitted variables, reverse causality, sorting and evaluation issues related to geographical economics modeling outcomes as well as urban economics and interaction modeling outcomes. Empirical researchers will appreciate the overviews given here."--Frank Van Oort, Regional StudiesTable of ContentsForeword xiii Acknowledgments xxiv Part I: Facts and Theories 1 CHAPTER 1: Spatial Inequalities: A Brief Historical Overview 3 1.1 The Space-Economy and the Industrial Revolution 4 1.2 Regional Disparities: When an Ancient Phenomenon Becomes Measurable 12 1.3 Concluding Remarks 25 CHAPTER 2: Space in Economic Thought 26 2.1 Economics and Geography: A Puzzling History of Reciprocal Ignorance 27 2.2 Integrating Space in Economics: The Main Attempts 30 2.3 The Burden of Modeling Constraints 31 2.4 The Breakdown of the Competitive Paradigm in a Spatial Economy 35 2.5 What Are the Alternative Modeling Strategies? 41 2.6 Increasing Returns and Transport Costs: The Basic Trade-Off of Economic Geography 43 2.7 Concluding Remarks 48 Part II: Space, Trade, and Agglomeration 51 CHAPTER 3: Monopolistic Competition 53 3.1 The Dixit-Stiglitz Approach 55 3.2 Monopolistic Competition: A Linear Setting 71 3.3 Concluding Remarks 79 3.4 Related Literature 80 CHAPTER 4: Interregional Trade and Market Size 81 4.1 The Dixit-Stiglitz-Krugman Model of Trade 82 4.2 The Home-Market Effect 89 4.3 Concluding Remarks 98 4.4 Related Literature 100 CHAPTER 5: Gravity and Trade Costs 101 5.1 The Gravity Model 103 5.2 Trade Costs 115 5.3 Concluding Remarks 127 5.4 Related Literature 127 CHAPTER 6: The Core-Periphery Structure 130 6.1 Increasing Returns and Industrialization 133 6.2 Regional Disparities: The Krugman Model 137 6.3 The Krugman Model Revisited 160 6.4 Concluding Remarks 162 6.5 Related Literature 164 CHAPTER 7: Intermediate Goods and the Evolution of Regional Disparities 166 7.1 The Role of Intermediate Goods 169 7.2 The Spatial Distribution of the Manufacturing Sector 176 7.3 The Evolution of Regional Disparities 185 7.4 Concluding Remarks 191 7.5 Related Literature 192 CHAPTER 8: The Bell-Shaped Curve of Spatial Development 194 8.1 A Linear Core-Periphery Model 196 8.2 When Does the Bell-Shaped Curve Arise? 207 8.3 Concluding Remarks 221 8.4 Related Literature 222 CHAPTER 9: Spatial Competition 223 9.1 Spatial Duopoly a la Hotelling 224 9.2 Spatial Oligopoly a la Cournot 238 9.3 Concluding Remarks 250 9.4 Related Literature 251 Part III: Breadth and Determinants of Spatial Concentration 253 CHAPTER 10: Measuring Spatial Concentration 255 10.1 The Properties of an Ideal Index of Spatial Concentration 256 10.2 Spatial Concentration Indices 259 10.3 Indices Accounting for Industrial Concentration 266 10.4 The Duranton-Overman Continuous Approach 269 10.5 Concluding Remarks 274 10.6 Related Literature 274 CHAPTER 11: Determinants of Spatial Concentration and Local Productivity 276 11.1 The Determinants of Spatial Concentration 277 11.2 The Determinants of Local Productivity 283 11.3 Concluding Remarks 300 11.4 Related Literature 301 CHAPTER 12: The Empirics of Economic Geography 302 12.1 A General Framework 303 12.2 Location of Firms 307 12.3 Home-Market Effect 314 12.4 Factor Prices and Economic Geography 321 12.5 Migrations 329 12.6 The Stability of Spatial Patterns 332 12.7 Concluding Remarks 340 12.8 Related Literature 342 CHAPTER 13: Theory with Numbers 343 13.1 Predictions Based on the Dixit-Stiglitz-Krugman Model 345 13.2 Simulations in an Estimated Model of the French Space-Economy 356 13.3 Concluding Remarks 363 13.4 Related Literature 364 CHAPTER 14: Concluding Remarks 365 14.1 The Paradox of the Global Village 365 14.2 The Objective of Economic Geography 367 14.3 What Have We Learned? 368 14.4 Where Next? 374 References 379 Index 397

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Book SynopsisA companion to Daron Acemoglu's textbook, "Introduction to Modern Economic Growth", this manual contains solutions to selected exercises located throughout Acemoglu's text, helping students to maximize and reinforce their understanding of the material.Table of ContentsIntroduction ix Chapter 2: The Solow Growth Model 1 Exercise 2.11 1 Exercise 2.14* 5 Exercise 2.17 7 Exercise 2.18* 10 Exercise 2.19* 11 Exercise 2.20 12 Exercise 2.23 14 Exercise 2.27 17 Chapter 3: The Solow Model and the Data 21 Exercise 3.1 21 Exercise 3.9 23 Chapter 4: Fundamental Determinants of Differences in Economic Performance 25 Exercise 4.3 25 Chapter 5: Foundations of Neoclassical Growth 27 Exercise 5.9 27 Exercise 5.11 29 Exercise 5.12 30 Exercise 5.14* 36 Chapter 6: Infinite-Horizon Optimization and Dynamic Programming 39 Exercise 6.2* 39 Exercise 6.8 39 Exercise 6.9 43 Chapter 7: An Introduction to the Theory of Optimal Control 45 Exercise 7.1 45 Exercise 7.10 47 Exercise 7.17* 47 Exercise 7.18 48 Exercise 7.21 50 Exercise 7.24* 51 Exercise 7.25 55 Exercise 7.28 56 Chapter 8: The Neoclassical Growth Model 63 Exercise 8.2 63 Exercise 8.11 64 Exercise 8.15 66 Exercise 8.19 68 Exercise 8.23 69 Exercise 8.27 73 Exercise 8.31 76 Exercise 8.33 81 Chapter 9: Growth with Overlapping Generations 87 Exercise 9.1 87 Exercise 9.6 88 Exercise 9.7 90 Exercise 9.15 93 Exercise 9.16 95 Exercise 9.17 100 Exercise 9.21 101 Exercise 9.24* 102 Exercise 9.32* 104 Chapter 10: Human Capital and Economic Growth 107 Exercise 10.2 107 Exercise 10.6 109 Exercise 10.7 113 Chapter 11: First-Generation Models of Endogenous Growth 119 Exercise 11.4 119 Exercise 11.14 125 Exercise 11.17 129 Exercise 11.18 130 Chapter 12: Modeling Technological Change 131 Exercise 12.2 131 Exercise 12.11 132 Exercise 12.13 134 Chapter 13: Expanding Variety Models 139 Exercise 13.1 139 Exercise 13.6 141 Exercise 13.7 142 Exercise 13.13* 144 Exercise 13.15 148 Exercise 13.19 150 Exercise 13.22 159 Chapter 14: Models of Schumpeterian Growth 163 Exercise 14.2 163 Exercise 14.7* 164 Exercise 14.13 167 Exercise 14.15 171 Exercise 14.18 179 Exercise 14.21* 182 Exercise 14.26 186 Chapter 15: Directed Technological Change 197 Exercise 15.6 197 Exercise 15.18 201 Exercise 15.19 212 Exercise 15.24* 216 Exercise 15.27 218 Chapter 16: Stochastic Dynamic Programming 223 Exercise 16.4* 223 Exercise 16.8 224 Exercise 16.10 224 Exercise 16.11* 225 Exercise 16.12 231 Exercise 16.14 233 Chapter 17: Stochastic Growth Models 237 Exercise 17.13 237 Exercise 17.18 240 Exercise 17.30 * 243 Chapter 18: Diffusion of Technology 249 Exercise 18.8 249 Exercise 18.13* 254 Exercise 18.16* 258 Exercise 18.21 260 Chapter 19: Trade and Growth 263 Exercise 19.2* 263 Exercise 19.3 266 Exercise 19.4* 268 Exercise 19.11* 270 Exercise 19.25* 273 Exercise 19.26 * 274 Exercise 19.27 * 279 Exercise 19.28 284 Exercise 19.29 285 Exercise 19.33 289 Chapter 20: Structural Change and Economic Growth 293 Exercise 20.3 293 Exercise 20.5 294 Exercise 20.6 296 Exercise 20.8 296 Exercise 20.9* 299 Exercise 20.17 299 Exercise 20.19* 305 Chapter 21: Structural Transformations and Market Failures in Development 309 Exercise 21.1 309 Exercise 21.6 311 Exercise 21.12 315 Chapter 22: Institutions, Political Economy and Growth 323 Exercise 22.2 323 Exercise 22.3 326 Exercise 22.8 328 Exercise 22.16 329 Exercise 22.17 335 Exercise 22.22* 338 Exercise 22.27 343 Chapter 23: Institutions, Political Economy and Growth 351 Exercise 23.12 351 References 361

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Book SynopsisDescribes how the traditional energy economy of medieval and early modern Europe was marked by stable or falling per capita energy consumption, and how the First Industrial Revolution in the eighteenth century - fueled by coal and steam engines - redrew the economic, social, and geopolitical map of Europe and the world.Trade Review"Employing economic theory and growth accounting to illuminate the linkages between energy use and economic activity and supporting their argument with extensive quantitative evidence, the authors make a compelling case that modern economic growth would have been impossible without the increased energy intensity made possible by exploitation of fossil fuels. This work provides valuable historical perspectives on pressing contemporary challenges."--Choice "With many insightful graphs, plus useful explanatory boxes for the less initiated, it is highly accessible, and recommended to undergraduate students curious about the history of energy, to postgraduates specializing in a specific field, and to academics."--Roger Fouquet, Journal of Economic Literature "[T]his multi-authored effort is well structured and furnished with splendid illustrations and explanatory tables ... I would recommend the book, but with the warning that it is not an easy read due to the sheer quantity of information and analytical viewpoints it contains."-- Aurelia Mane-Estrada,European History Quarterly "Power to the People is to be welcomed. It is a valuable contribution to our knowledge of Economic History and History of Technology and will appeal both to the professional and the general reader interested in the future of humanity."--Francesc X. Barca-Salom, Environment and History "An ambitious and important analysis of the relationships between energy and economic growth in Europe over the past five hundred years."--Christopher F. Jones, Environmental HistoryTable of ContentsPreface ix CHAPTER ONE Introduction 1 CHAPTER TWO Definitions and Concepts 17 PART I Pre-Industrial Economies Paolo Malanima 35 CHAPTER THREE Traditional Sources 37 1. Energy in Premodern Societies 2. Organic Sources and Agricultures 3. Non-organic Sources 4. Seven Long-run Propositions 5. Conclusion CHAPTER FOUR Constraints and Dynamics 81 1. Population and Climate 2. Energy Scarcity 3. Saving Land 4. Saving Labor 5. Conclusion PART II The First Industrial Revolution Paul Warde 129 CHAPTER FIVE A Modern Energy Regime 131 1. The Take-off of Coal 2. Traditional Sources: Rise but Relative Decline 3. Conclusion CHAPTER SIX The Coal Development Block 159 1. The Core Innovations 2. The Growth Dynamics of the Coal Development Block 3. The Transport Revolution CHAPTER SEVEN Energy and Industrial Growth 209 1. Coal and Growth 2. Seven Long-run Propositions 3. Energy Intensity and Economic Structure 4. Conclusion PART III The Second and Third Industrial Revolutions Astrid Kander 249 CHAPTER EIGHT Energy Transitions in the Twentieth Century 251 1. The Rise of Oil and Electricity 2. Old and New in Energy Regimes 3. Conclusion CHAPTER NINE Major Development Blocks in the Twentieth Century and Their Impacts on Energy 287 1. The ICE-Oil Block 2. The Electricity Block 3. The ICT Development Block 4. Conclusion CHAPTER TEN The Role of Energy in Twentieth-Century Economic Growth 333 1. Development Blocks and GDP 2. Seven Long-run Propositions 3. Energy Intensity and Economic Structure 4. Conclusion CHAPTER ELEVEN Summary and Implications for the Future 366 1. Summing Up the Book 2.Thinking about the Future 3. Some Remarks about the Future APPENDIXES A. The Role of Energy in Growth Accounting 387 B. Decomposing Energy Intensity 1870-1970 395 C. The Impact from the Service Transition on Energy Intensity 402 D. Biased Technical Development 411 References 415 Index 451

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Book SynopsisTrade Review"Various parts of his [Harris’] oeuvre can be fruitfully utilized to build a new approach, integrating the humanities with social and economic studies."---Carlo Taviani, Journal of Early Modern History"This is essential reading for business history, trade history, and organizational theory."---M. Chaiklin, Choice"Going the distance brings a novel view of institutions, as it opens the black box and studies the functioning of organizational forms of business using insights from legal studies and economy. . . . This book is an essential read for anyone interested in long-distance trade and its organization, as well as for economic and legal historians focusing on institutional analysis. . . . It brings new insights into methodological approaches for the study of the migration and transplantation of institutions."---Karolina Hutková, Economic History Review"A truly remarkable work of profound scholarship, destined to become a classic. Each micro-study is carefully crafted, mastering well both the specific elements pertaining to it and the way they relate to the bigger picture. . . . A genuine pleasure to read."---Guido Rossi, Edinburgh Law Review"A major academic achievement—certainly one of the most significant contributions to the history of business organizations published over the past decade. It manages to be both highly useful and profoundly challenging to other scholars at the same time. It will likely serve as one of the field’s cornerstones for many years to come. The phrase “this is a must-read book” is abused all too often in academic book reviews, but in all seriousness and sincerity, this is a must-read book for anyone with even a passing intellectual interest in the business corporation."---Taisu Zhang, Journal of Economic History"Nourished by extensive research and reflection, matured through a long intellectual journey with the necessary broad focus, [Going the Distance] advances original theses and provides stimulating examples. The merits of Ron Harris’ work are numerous, including unimpeachable rigour, and it is difficult to illustrate the cultural richness of this ambitious volume in a few lines."---Luisa Brunori, Legal Comparative History

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Book SynopsisOffers a comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income. This title argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors.Trade Review"[T]he first major economic history of Australia for 40 years."--Ross Gittins, Sydney Morning Herald "[R]emarkable... Why Australia Prospered distills decades of research and teaching to present an account of Australia and its development that is solid, surprising and pertinent to the contemporary debate about the country's future... In his assembly of evidence and his judicious review of the debates of Australian development, McLean has made a profoundly important contribution to our understanding of where Australia has come from as a nation, where they country is now--and where it is going."--Australian Financial Review "In Why Australia Prospered, Ian McLean explores the fascinating mix of factors explaining this persistence of prosperity... [A] carefully researched book."--Times Higher Education Supplement "McLean provides a comprehensive account of the factors contributing to Australia's remarkable economic growth."--Choice "In this impressive book McLean demonstrates the contribution economic history can make to scholarship on the past and the politics of the present... [T]he work of a manifestly fine scholar with many important points to make and ideas that need to be heard far beyond university economics departments, or what's left of them."--Stephen Matchett, Australian "[A]n outstanding piece of scholarship... Ian McLean has written a timely and masterful account of the long sweep of Australia's economic history, which will be relished by anyone interested in the unique circumstances of this country's remarkable economic development. Written for the non-specialist, the narrative is accessible, brisk and appropriately, if sparsely, illustrated with charts and tables."--Ian Harper, EH.Net "[T]his is a superb book. Anyone with even a superficial interest in Australian economic history should read it, and be educated by it."--Tim Hatton, Australian Economic History Review "McLean has an admirable ability to sum up complex issues using simple, often elegant sentences. He is a highly skilled tradesperson who uses economists' tools, but this does not compromise the readability of his text. Why Australia Prospered deserves a wide audience. It would be a suitable text for undergraduate use, while giving postgraduate students and established scholars plenty to think about."--Lionel Frost, Australian Historical Studies "Why Australia Prospered is both expansively ambitious and narrowly precise... McLean is a meticulous analyst and a calm judge, comfortable with unorthodoxy and big turning points if that is where the evidence leads."--Jock Given, Inside Story "McLean's telling of Australian economic history is not only fascinating, it is also fresh... [It is] a book that better integrates Australia's story into mainstream economic history than any before it."--Andrew Leigh, Journal of Economic Literature "It is engagingly written... Most important of all is McLean's impressive use of the comparative approach... While the book's focus is on natural resources and institutions, the author provides stimulating interpretations of many phases of economic history."--Simon Ville, American Historical Review "Why Australia Prospered is a rewarding read. The book is targeted at a broad audience, and to this end, MacLean interweaves historical narrative with analysis. Its chronological presentation allows some refreshing perspectives on events, and theoretical and policy debates, all of which are informed by the deep scholarship that the author demonstrates... [T]his is an excellent and enjoyable book that reminds us of the importance of historical context."--Shauna Phillips, Australian Journal of Agricultural and Resource "With this new book, McLean provides a missing exposition that could help re-energise such studies. It is a coherent, well-written, well-reasoned and accessible survey of Australian economic evolution. It benefits from the integration that comes from being penned by a single mind."--Glenn Withers, Economic Record "Australian economic history is undergoing something of a minor revival ... and this book is a welcome addition to the literature on the history of Australia in the global economy, stressing as it does both continuity and change."--David Meredith, English Historical ReviewTable of ContentsList of Figures ix List of Tables xi Preface and Acknowledgments xiii Map xvi Chapter 1 Introduction: Weaving Analysis and Narrative 1 Chapter 2 What Is to Be Explained, and How 11 * Comparative Levels of GDP Per Capita 11 * Booms, Busts, and Stagnation in Domestic Prosperity 15 * Other Indicators of Economic Prosperity 19 * From Evidence to Analysis 25 * Extensive Growth and Factor Accumulation 27 * Growth Theory and Australian Economic Historiography 29 * Recent Themes in Growth Economics 32 Chapter 3 Origins: An Economy Built from Scratch? 37 * The Pre-1788 Economy of the Aborigines 38 * The Aboriginal Contribution to the Post-1788 Economy 42 * The Convict Economy and Its Peculiar Labor Market 44 * Further Features of the Economy Relevant to Later Prosperity 50 * British Subsidies and Australian Living Standards 53 Chapter 4 Squatting, Colonial Autocracy, and Imperial Policies 57 * Why the Wool Industry Was So Efficient 58 * Evolution of Political Institutions: From Autocracy to Responsible Government 63 * The Labor Market: Ending Transportation, Preventing Coolie Immigration 67 * Thwarting the Squatters: Land Policies to 1847 69 * Other Determinants of Early Colonial Prosperity 73 * The Argentine Road Not Taken 76 Chapter 5 Becoming Very Rich 80 * The Economic Effects of Gold: Avoiding the Resource Curse 84 * Sustaining Economic Prosperity Following the Rushes 90 * Consolidating Democracy and Resolving the Squatter- Selector Conflict 96 * Openness and Growth 100 * Rural Productivity and Its Sources 108 Chapter 6 Depression, Drought, and Federation 113 * Explaining Relative Incomes 113 * Eating the Seed Corn? 116 * Boom, Bubble, and Bust: A Classic Debt Crisis 119 * Why Was Recovery So Slow? Comparison with Other Settler Economies 125 * Tropics, Crops, and Melanesians: Another Road Not Taken 132 * Economic Effects of Federation 135 * Accounting for the Loss of the "Top Spot" in Income Per Capita 139 Chapter 7 A Succession of Negative Shocks 144 * Why Was the Economic Impact of World War I So Severe? 147 * Why No Return to Normalcy? 148 * Pursuing Rural Development--A Field of Dreams? 154 * Growth in Other Settler Economies 157 * Debt Crisis, Then Depression-- Policy Responses and Constraints 160 * Imperial Economic Links-- Declining Net Benefi ts 165 * Could the Post-1960 Mineral Boom Have Occurred Earlier? 170 * The Debate over Stagnant Living Standards 173 Chapter 8 The Pacific War and the Second Golden Age 176 * Why the Pacific War Fostered Domestic Growth 177 * The Golden Age Was Not Uniquely Australian 183 * Export Growth, Factor Inflows, and the Korean War Wool Boom 186 * Macroeconomic Theory and Policies--What Role? 191 * Location Advantage: Asian Industrialization and Changing Trade Partners 193 * High Tide for Australian Industrialization 196 * Underinvestment in Human Capital? 199 * The Debate over Postwar Growth Performance 205 Chapter 9 Shocks, Policy Shift s, and Another Long Boom 210 * Why Did the Postwar Economic Boom End? 212 * The Reemergence of a Booming Mining Sector 215 * Macroeconomic Management in the 1970s 217 * Economic Policy Shift s in the 1980s 219 * Reevaluations 224 * The Quarry Economy: The Return of Resources-Based Prosperity 228 * The Contribution of Economic Reforms to Productivity 235 * Sustaining Prosperity through Boom and Bubble--A Historical Perspective 241 Chapter 10 The Shifting Bases of Prosperity 246 Appendix Note on Statistics and Sources 257 References 259 Index 277

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Book SynopsisIn the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Taking a look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare.Trade Review"As the developed world stands on the precipice of another deep recession, this book reminds us all that infrastructure investment is a powerful growth accelerator for the poorest nations on earth. Pierre-Richard Agenor lays solid foundations for intelligent public debates about development policy in a book that weaves together empirical evidence, economic intuition, and rigorous theory. The outcome is an ideal reference for those who study, teach, and work in the fields of economic growth, development, and poverty alleviation."--Costas Azariadis, Washington University in St. Louis "Infrastructure is increasingly becoming recognized as an important determinant of economic growth and economic welfare. Drawing in part on his past research, Pierre-Richard Agenor has provided a comprehensive treatment, emphasizing the widespread externalities permeating from infrastructure throughout the economy. This clearly written book is an important contribution and essential reading for anyone wishing to acquire state-of-the-art knowledge of this crucial area."--Stephen J. Turnovsky, University of Washington "Agenor's book makes a substantive contribution toward reconciling the microeconomic and macroeconomic strands of the literature on public capital and growth. It integrates numerous analytic findings scattered throughout the literature within a coherent framework that includes both the conventional and several novel channels through which core infrastructure impacts economic growth and welfare."--Joannis N. Kessides, Journal of Economic Literature "Laying a solid foundation of economic facts and ideas, Public Capital, Growth and Welfare provides a comprehensive look at the critical role of public capital in development."--World Book Industry "[T]his book is an essential tool of positive analysis for those (graduate students and researchers) working on growth and development theory, as well as an influential instrument of normative analysis for policy and decision makers operating in developed and less-developed countries. Such a book was definitely needed!"--Alberto Bucci, Journal of EconomicsTable of ContentsIntroduction and Overview 1 1 Basic Channels 11 1 Background 11 1.1 Productivity and Cost of Private Inputs 11 1.2 Complementarity Effect on Private Investment 14 1.3 Crowding-Out Effects 15 2 The Economy 16 2.1 Households 17 2.2 Firms 20 2.3 Government 23 2.4 Market-Clearing Conditions 25 3Equilibrium and the Balanced Growth Path 26 3.1 The Case Where mu = 1 27 3.2 The Case Wheremu<1 28 4Growth Effects of Public Policy 32 5Optimal Fiscal Policy 34 6Extensions 37 6.1 Indirect Taxation 37 6.2 Complementarity Effect 38 6.3 Public Capital and Household Utility 39 6.4 Partial Depreciation and Maintenance 40 6.4.1 Partial Depreciation 40 6.4.2 The Investment-Maintenance Trade-Off 41 Appendix: Optimal Policy underWelfare Maximization 45 2 Public Capital and Education 49 1 Background 49 2 The Economy 51 2.1 Households 51 2.2 Production of Goods 52 2.3 Production of Human Capital 53 2.4 Government 54 2.5 Savings-Investment Balance 55 3 Equilibrium and the Balanced Growth Path 55 3.1 The Case Where mu = 1 57 3.2 The Case Wheremu<1 59 4 Sensitivity of Education Technology 62 5 Public Policy 63 5.1 Increase in Public Spending 63 5.2 Optimal Expenditure Allocation 64 6 Extensions 65 6.1 Endogenous Rearing Costs 65 6.2 Time Allocation and Infrastructure 66 6.3 Schooling Quality 67 Appendix: Stability Conditions and Steady-State Effects withmu<1 69 3 Public Capital and Health 72 1 Background 73 1.1 Health and Economic Growth 73 1.2 Infrastructure and Health 75 1.3 Health Persistence 78 2 A Two-Period Framework 79 2.1 Households 79 2.2 Production of Goods 81 2.3 Health Status and Productivity 81 2.4 Government 83 2.5 Savings-Investment Balance 83 3 Time Allocation and Growth Dynamics 84 4 Public Spending, Growth, and Human Welfare 88 5 Optimal Spending Allocation 89 6 A Three-Period Framework with Endogenous Fertility 91 7 Endogenous Life Expectancy 100 8 Interactions between Health and Education 104 8.1 Impact of Health on Education 104 8.2 Impact of Education on Health 106 8.3 Magnification Effect 107 Appendix: Stability Conditions with Health Persistence 110 4 Public Capital and Innovation 111 1 Background 112 2 The Economy 113 2.1 Households 114 2.2 Production of the Final Good 114 2.3 Production of Intermediate Goods 116 2.4 Human Capital Accumulation 117 2.5 Research and Development Sector 117 2.6 Government 119 2.7 Savings-Investment Balance 119 2.8 Labor Market 119 3 Balanced Growth Path 120 4 Public Policy 121 4.1 Basic Intuition 121 4.2 Numerical Illustration 122 5 From Imitation to True Innovation 124 Appendix: Dynamic System and the Steady State 128 5 Public Capital and Women's Time Allocation 132 1 Background 133 1.1 Women's Time Allocation Constraints 133 1.1.1 Transportation 134 1.1.2 Water and Sanitation 134 1.1.3 Electricity 135 1.2 Intergenerational Health Externalities 136 1.2.1 Mothers' Health Status and Child Development 136 1.2.2 Mothers' Educational Status and Child Development 137 1.3 Analytical Implications 139 2 The Economy 139 2.1 Family's Utility and Income 141 2.2 Home Production 143 2.3 Market Production 143 2.4 Human Capital Accumulation 144 2.5 Health Status and Productivity 145 2.6 Government 146 2.7 Savings-Investment Balance 147 3 Women's Time Allocation and Fertility 148 4 The Balanced Growth Path 150 5 Public Policy 154 6 Women's Labor Supply and Development 156 7 Extensions 158 7.1 Public Capital and Gender Gaps 158 7.2 Nonunitary Household Framework 158 Appendix: Solution, Stability Conditions, and Steady-State Effects 163 6 Public Capital and Poverty Traps 174 1 Background 174 2 The Economy 177 2.1 Individuals 177 2.2 Firms 177 2.3 Government 178 2.4 Savings-Investment Balance 178 3 Balanced Growth Path 178 4 Network Externalities 179 5 The Big Push 182 6 Other Channels 184 6.1 Time Allocation 184 6.2 Health-Induced Poverty Traps 184 6.3 Technology Choice 186 7 Aid Volatility and Time to Build 188 7 Research Perspectives 192 1 Heterogeneous Infrastructure Assets 192 2 Political Economy of Government Spending Allocation 193 3 Excludable Public Goods 195 4 Debt, Public Capital, and Fiscal Rules 196 5 Spatial Dimensions of Public Capital 203 6 Infrastructure and Trade 206 7 Public-Private Partnerships 207 8 Public Capital and Income Distribution 209 9 Negative Externalities 212 10 Testing for the Impact of Public Capital on Growth 215 Lessons for Public Policy 219 References 225 Index 247

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Book SynopsisThis book brings together a group of leading economic historians to examine how institutions, innovation, and industrialization have determined the development of nations. Presented in honor of Joel Mokyr--arguably the preeminent economic historian of his generation--these wide-ranging essays address a host of core economic questions. What are theTrade Review"These essays demonstrate the breadth of institutionalist economic history, covering the interaction of institutions, culture, markets, and politics in shaping economic behavior and outcomes."--ChoiceTable of ContentsIntroduction 1 The Enlightened Economist Avner Greif, Lynne Kiesling, & John V. C. Nye (Editors) 1Neither Feast nor Famine 7 England before the Industrial Revolution Cormac O'Grada 2Progress, Useful Knowledge , and the Origins of the Industrial Revolution 33 Joel Mokyr I Institutions 3Coercion and Exchange 71 How Did Markets Evolve? Avner Greif 4Meat Consumption in Nineteenth-Century New York 97 Quantity, Distribution, and Quality, or Notes on the "Antebellum Puzzle" Gergely Baics 5Funding Empire 129 Risk, Diversification, and the Underwriting of Early Modern Sovereign Loans Mauricio Drelichman and Hans-Joachim Voth 6Establishing a New Order 149 The Growth of the State and the Decline of Witch Trials in France Noel D. Johnson, Mark Koyama, and John V. C. Nye II Innovation 7Increasing Market Concentration in British Banking, 1885 to 1925 179 Fabio Braggion, Narly R.D. Dwarkasing, and Lyndon Moore 8The Catapult of Riches 201 The Airplane as a Creative Macroinvention Peter B. Meyer 9England's Eighteenth-Century Demand for High-Quality Workmanship 225 Evidence from Apprenticeship, 1710-1770 Karine van der Beek 10A Growth Agenda for Economic History 245 Rick Szostak III The Industrial Revolution 11Amidst Poverty and Prejudice 277 Black and Irish Civil War Veterans Hoyt Bleakley, Louis Cain, and Joseph Ferrie 12How Britain Lost Its Competitive Edge 307 Competence in the Second Industrial Revolution Ralf R. Meisenzahl 13Regulating Child Labor 337 The European Experience Carolyn Tuttle and Simone A. Wegge 14Decomposing the Wage Gap 379 Within- and Between-Occupation Gender Wage Gaps at a Nineteenth-Century Textile Firm Joyce Burnette 15The Context of English Industrialization 397 Eric Jones Contributors 411 Index 417

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Book SynopsisAlbert O Hirschman was a master essayist, one who possessed the rare ability to blend the precision of economics with the elegance of literary imagination. This book brings together some of the essays in the social sciences, written by one of the twentieth century's most influential and provocative thinkers.Trade Review"Adelman ... has done an excellent job of bringing together articles that express Hirschman's skepticism, as well as brilliant observation, often consisting of brilliant juxtapositions of unlikely sources... [T]hose who do sink their teeth into this work will be highly rewarded."--ChoiceTable of ContentsIntroduction by Jeremy Adelman vii -- Development -- Political Economics and Possibilism 1 Underdevelopment, Obstacles to the Perception of Change, and Leadership 35 The Rise and Decline of Development Economics 49 The Changing Tolerance for Income Inequality in the Course of Economic Development 74 The Political Economy of Import-Substituting Industrialization in Latin America 102 The Search for Paradigms as a Hindrance to Understanding 137 A Generalized Linkage Approach to Development, with Special Reference to Staples 155 -- Markets -- The Concept of Interest: From Euphemism to Tautology 195 Rival Views of Market Society 214 Against Parsimony: Three Easy Ways of Complicating Some Categories of Economic Discourse 248 Three Uses of Political Economy in Analyzing European Integration 265 -- Democracy -- Opinionated Opinions and Democracy 284 Reactionary Rhetoric 293 Exit, Voice, and the State 309 Morality and the Social Sciences: A Durable Tension 331 Social Conflicts as Pillars of Democratic Market Society 345 Afterword by Emma Rothschild and Amartya Sen 363 Acknowledgments 369 Index 373

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Book SynopsisIn The Globalization of Inequality, distinguished economist and policymaker Francois Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countriTrade ReviewA Financial Times Summer Books 2015 selection One of Financial Times (FT.com) Best Books in Economics 2015, chosen by Martin Wolf "This timely and excellent primer on income inequality both within and among nations deserves to be read by both occupiers and occupants of Wall Street."--Publishers Weekly "Globalization has unleashed powerful forces: some wonderful, some worrying. This book can take you beyond the cliches to an understanding of what is going on and what can be done about it."--Sir Paul Collier, Prospect "Readers wanting a map of the terrain should read Bourguignon. Bourguignon['s] provides an accessible overview."--Martin Wolf, Financial Times "This book is written in calm prose, but its message is urgent: continue as we are and poverty will grow on our doorsteps."--Danny Dorling, Times Higher Education "Recommended for readers seeking a brief, less technical introduction to economic inequality within and among nations."--Library Journal "Bourguignon carefully wends his way among the definitions of inequality and its multiple, sometimes conflicting measures... This book is written for the layman but is nonetheless intellectually rigorous. It sets out the causes of and some remedies for a problem that urgently needs to be solved if we are to avoid what the book's title warns against, the globalization of inequality."--Brenda Jubin, Seeking Alpha "[Bourguignon's] compact book takes readers through most of the suspected causes and possible cures for what he and many believe is a destructive phenomenon... Now that this French academic's thoughts will be reaching an English-language audience, his translators may have little time to rest. Inequality is nearly everywhere. Certainly the world's politicians will continue to need such bedtime reading."--Tim Ferguson, Forbes.com "Move over, Thomas Piketty. Anyone who has been put off by the French economist's overblown and overly long book on inequality now has a succinct alternative, The Globalization of Inequality. In a mere 189 pages, Francois Bourguignon provides a measured introduction to what is right and what is wrong about current trends in the dispersion of incomes."--Edward Hadas, Reuters BreakingViews "Bourguignon sets out the figures in careful detail, distinguishing between increases in inequality within countries and changes between countries."--Diane Coyle, Enlightened Economist "Bourguignon ... presents a thoughtful and judicious analysis of economic inequality... The book is highly accessible yet also sophisticated, drawing on a large and growing technical and empirical literature on inequality."--Foreign Affairs "Bourguignon has written a succinct, useful guide to the current state of world inequality. With words and data, he draws the useful distinction between within-country inequality and between-country inequality ... in contrast to the authors of most studies of economic problems, who do a solid job laying out the patterns of concern and considering their causes but only hand wave toward solutions, Bourguignon spends significant space considering policy approaches to reducing both forms of inequality."--Choice "The sooner we listen to Bourguignon, Piketty, Atkinson et a l, the better."-- Mark Goldring, Resurgence & Ecologist "A concise and nontechnical masterpiece of exceptional analytical and policy clarity. His professional expertise and policy involvement shine through in every chapter. Although the book is written for concerned global citizens, professional economists and other social scientists can learn much from reading it."--Gary Fields, ILR Review "A riveting read that explores the relationship between inequality and globalisation among nations and within nations."--Tapiwa Chagonda, South African Journal of International Affairs "This long essay gives as convincing a case as any for a fairer society--on grounds of economic efficiency."--Sean O'Grady, The Independent "The Globalization of Inequality has been written for the layman and it remains one of the best books on the subject."--Arab NewsTable of ContentsForeword to the English Edition vii Introduction: Globalization and Inequality 1 Chapter 1 Global Inequality 9 Appendix to Chapter 1 Detailed Evidence on the Recent Changes in Global Inequality 41 Chapter 2 Are Countries Becoming More Unequal? 47 Chapter 3 Globalization and the Forces behind the Rise in Inequality 74 Chapter 4 Toward a Fair Globalization: Prospects and Principles 117 Chapter 5 Which Policies for a Fairer Globalization? 146 Conclusion Globalizing Equality? 184 Index 191

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Book SynopsisHow can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin--the first non-Westerner to be chief economist of the World Bank--focuses on what developing nations can do to help themselves. Lin examines how the coTrade Review"Lin, the chief economist and senior vice president for the World Bank from 2008 to 2012, tackles prevailing shibboleths in this provocative and challenging work... While there is no easy answer to these problems, Lin's reminder that such development is not a 'zero-sum game' suggests that his thoughtful study should resonate among international audiences."--Publishers Weekly "[A] brilliant survey of economic thought on the subject, from Adam Smith through Solow-Swan to Michael Spence's Growth Commission. Thousands of authoritative-sounding economic history essays will be written on the back of it by students smart enough to read it before their professors do... [A]s an accessible summary of how the World Bank ... thinks about development these days, The Quest for Prosperity is hard to beat. It will quickly find its way on to the course reading lists for development economics master's programmes."--Howard Davies, Times Higher Education "Justin Lin, the Chinese economist who was, until recently, chief economist of the World Bank, has written a book that is as remarkable as it is ambitious: its aim is to show the route to economic development. This is ambitious, because it has been the holy grail of economics since its inception. It is remarkable, because he largely succeeds. One does not have to accept everything Lin argues to recognise that he has made an invaluable contribution... Moreover, the book is also excellently written. A book on a subject of the highest importance, which is intelligent, original, practical and thought-provoking, deserves indeed to be read."--Martin Wolf, Financial Times "In this book, Justin Yifu Lin, the World Bank's first non-western chief economist, offers a fascinating overview of development thinking since the Second World War."--Lisa Moyle, Financial World "Here, Lin, a former chief economist and senior vice president of the World Bank, explains here in detail the model he created there for developing economies to achieve success and sustainability... The book is well organized and thus it is easy for readers to find information discussed throughout the book as a whole. Lin's use of history and popular culture metaphors make complex economic concepts more accessible to lay readers, especially in his analysis of global economics."--Library Journal "The most valuable new book I've read this year is Justin Yifu Lin's The Quest for Prosperity... Lin's book is intellectually ambitious. He sets out to survey the modern history of economic development and distill a practical formula for growing out of poverty. It's a serious undertaking: Lin isn't trying to be another pop economics sensation. But The Quest for Prosperity is lightly written and accessible. It weaves in pertinent stories and observations, drawing especially from his travels with the World Bank. He leavens the economics skillfully."--Clive Crook, Bloomberg News "Lin ... makes a case for what he calls a 'new structuralist' approach to economic development. Drawing on the experience of many countries, especially China, he argues for an active role for government in fostering development, not only through the traditional provision of infrastructure and the enforcement of rules but also in identifying and supporting industries that contribute to growth... Lin presents a thought-provoking argument."--Foreign Affairs "The book is peppered with deep insights from economic thought, practical wisdom, and personal experience, and is easily accessible to policy makers, business leaders, and undergraduates studying development economics."--Choice "[T]his is indeed a stimulating volume, clearly indicating the author's extraordinary command of the development literature and his equally extraordinary level of motivation in making his case."--Gustav Ranis, Journal of Economic Literature "The Quest for Prosperity is an interesting and enjoyable read."--Mukti P. Upadhyay, European Journal of Developmental ResearchTable of ContentsPreface to the Paperback Edition ix Prologue xix An Intriguing Offer xx Strange Childhood Memories from Africa xxi 1New Challenges and New Solutions 1 The Bane of Excess Capacity 3 The Apparent Mystery of Economic Success 5 Taking Einstein's Joke Seriously: A New Structural Economics 8 2A Battle of Narratives and Changing Paradigms 13 Giving Meaning to One's Life 14 The Evolution of Growth 17 Deciphering the Mystery of Poverty and Wealth 20 Robert Lucas and the Drycleaner's Daughter 26 Explaining Convergence and Divergence 29 Development Thinking: A Tale of Progress, Waves, Fads, and Fashion 33 The Frustrating Search for New Answers 42 The Need for New Strategic Thinking 45 3Economic Development: Lessons from Failures 49 Viability as the Hidden Ingredient to Economic Success 52 The Political Economy of Dreams and Ignorance 61 "Do Not Look Where You Fell but Where You Slipped" 67 Not Throwing the Baby Out with the Bathwater 71 4Lessons from Successful Catch-up Countries 76 Squaring the Circle: The Contribution of The Growth Report 78 Recognizing That Some Countries May Have Found the Holy Grail 85 Modern Economic Growth: The Secret of Advanced Countries 97 5A Framework for Rethinking Development: A New Structural Economics 102 Why Burundi Is Not Switzerland 104 Understanding Economic Development: A Conceptual Framework 108 The Optimal Speed and Sequencing of Prosperity 112 Putting New Wine in New Bottles 117 6What Would Be Done Differently under the New Structural Economics? 121 Fiscal Policy: Free Airplanes, Railroads, and Bridges? 123 Money to Impoverish--or Money to Enrich 127 Surviving Wealth: Public Revenue Management in Resource-Rich Countries 130 Financial Development: Those Bankers We Love to Hate 136 The Need for Poor Countries to Choose Their Type of Foreign Capital 139 Sorting Out the Paradoxes of Trade Policy 141 Deciphering the Mysteries of Human Development 143 7Putting the New Structural Economics into Practice: Two Tracks and Six Steps 147 To Identify or Not to Identify: That Is the Question 149 How to Identify Industries with Latent Comparative Advantages: A Few Principles 154 A Practical Guide for Sequencing Structural Transformation 158 8The Peculiar Identities and Trajectories of Transition Economies 179 Imaginary Confessions in Heaven: The Politics of Reforms 181 Back to Earth: The Economics of Multiple Distortions 190 Options for Economic Reform: Big Bang or Gradualism? 195 Thriving Transitions: Lessons from China, Slovenia, and a Few Other Countries 201 9Fostering Structural Change at Higher Levels of Development 209 Fighting Off the Middle-Income Curse 214 Keeping Pace with the Times 221 GIF Principles and Continued Structural Transformation 224 Understanding the Economics of Wealth and Greatness 229 10A Recipe for Economic Prosperity 234 Understanding the True Nature and Causes of Economic Development 237 Industrial Policy in Action 242 Being Too Cautious: The Greatest Risk of All 246 Glossary 251 Notes 259 References 287 Index 309

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Book SynopsisThe global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developTrade ReviewPraise for the previous edition: "Since the second edition of this text was published in 1999, both the field of development economics and developing economies themselves have undergone substantial change. Agenor and Montiel have added considerable new material to this third edition, most notably dealing with issues that have risen to prominence in the last decade... This comprehensive treatment of development from a macroeconomic perspective is an indispensable reference for graduate students and faculty."--Choice Praise for the previous edition: "Since its first edition, the book has remained the definitive text on the macroeconomics of developing countries. In this third edition, the authors try to cover the latest advances in this rapidly changing field, making the book the most comprehensive source on the subject."--Abstracts of Public Administration, Development, and EnvironmentTable of Contents*Frontmatter, pg. i*Contents, pg. vii*Preface to the Fourth Edition, pg. xix*Introduction and Overview, pg. 1*Chapter 1. Economic Structure and Aggregate Accounts, pg. 12*Chapter 2. Behavioral Functions, pg. 52*Chapter 3. The Government Budget and Fiscal Management, pg. 78*Chapter 4. Macroeconomic Effects of Fiscal Policy, pg. 109*Chapter 5. Financial Markets and the Monetary Transmission Mechanism, pg. 144*Chapter 6. A Framework for Monetary Policy Analysis, pg. 182*Chapter 7. Inflation Targeting, Macroeconomic Stability, and Financial Stability, pg. 224*Chapter 8. Choosing an Exchange-Rate Regime I: Credibility, Flexibility, and Welfare, pg. 262*Chapter 9. Choosing an Exchange-Rate Regime II: The Role of Shocks, Contractionary Effects, and Moral Hazard, pg. 295*Chapter 10. Inflation and Short-Run Dynamics, pg. 331*Chapter 11. Analytical Issues in Disinflation Programs, pg. 381*Chapter 12. Dynamic Stochastic Equilibrium Models with Financial Frictions, pg. 441*Chapter 13. Financial Integration and Capital Flows, pg. 476*Chapter 14. Exchange-Rate Crises and Sudden Stops, pg. 514*Chapter 15. Banking Crises and Twin Crises, pg. 550*Chapter 16. Sovereign Debt Crises, pg. 572*Chapter 17. Macroeconomic Policies and Growth, pg. 602*Chapter 18. Trade Liberalization, Financial-Sector Reforms, and Sequencing, pg. 640*Chapter 19. The Political Economy of Adjustment, pg. 675*Epilogue, pg. 697*References, pg. 701*Index of Names, pg. 741*Index of Subjects, pg. 751

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Book SynopsisTrade Review"Winner of the British-Kuwait Friendship Society Book Prize""Described as ‘the first comprehensive history of the Turkish economy’, Uneven Centuries has been widely acclaimed for its ‘rich and original’ broad approach" * Cornucopia *"Sevket Pamuk’s engaging book frames the evolution of the Turkish economy over two centuries, showing that historical developments under the Ottomans constitute an essential key to comprehending the path taken by modern Turkey."---Giampaolo Conte, Journal of European Economic History"[A] powerful analysis of how Turkey got into its present position."---Paul Rivlin, Bustan: The Middle East Book Review

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Book SynopsisTrade ReviewHonorable Mention for the 2017 PROSE Award in Environmental Science, Association of American Publishers "Easily understandable regardless of a reader's familiarity with China or environmental policy, this excellent resource will interest readers of the environmental situation in China and its impact on the global community."--Library Journal "Blue Skies Over Beijing is ... a shot of good news when talking about China's environmental issues. Economic development, rather than hurting China's environmental performance, may in fact improve it."--Asian Review of BooksTable of ContentsAcknowledgments ix Chapter One: Introduction 1 Part I: A Geographic Overview of Urban Pollution Production in China Chapter Two: Made in China 21 Chapter Three: The Migration to Cities 50 Chapter Four: The Causes and Consequences of Chinese Suburbanization 76 Chapter Five: Private Vehicle Demand in Urban China 108 Part II: The Rising Demand for Green Cities Chapter Six: The Rising Demand for Blue Skies and Urban Risk Reduction 135 Chapter Seven: Recent Empirical Evidence on the Demand for Lower Pollution Levels 147 Part III: Promoting Environmental Accountability in a One-Party State Chapter Eight: The Central Government's Increased Desire to Promote Environmental Sustainability 159 Chapter Nine: Will Local Governments Create Green Cities? 186 Chapter Ten: Conclusion 212 Appendix 1 233 Appendix 2 235 Notes 237 Index 263

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Book SynopsisTrade Review"[T]he first major economic history of Australia for 40 years."--Ross Gittins, Sydney Morning Herald "[R]emarkable... Why Australia Prospered distills decades of research and teaching to present an account of Australia and its development that is solid, surprising and pertinent to the contemporary debate about the country's future... In his assembly of evidence and his judicious review of the debates of Australian development, McLean has made a profoundly important contribution to our understanding of where Australia has come from as a nation, where they country is now--and where it is going."--Australian Financial Review "In Why Australia Prospered, Ian McLean explores the fascinating mix of factors explaining this persistence of prosperity... [A] carefully researched book."--Times Higher Education Supplement "McLean provides a comprehensive account of the factors contributing to Australia's remarkable economic growth."--Choice "In this impressive book McLean demonstrates the contribution economic history can make to scholarship on the past and the politics of the present... [T]he work of a manifestly fine scholar with many important points to make and ideas that need to be heard far beyond university economics departments, or what's left of them."--Stephen Matchett, Australian "[A]n outstanding piece of scholarship... Ian McLean has written a timely and masterful account of the long sweep of Australia's economic history, which will be relished by anyone interested in the unique circumstances of this country's remarkable economic development. Written for the non-specialist, the narrative is accessible, brisk and appropriately, if sparsely, illustrated with charts and tables."--Ian Harper, EH.Net "[T]his is a superb book. Anyone with even a superficial interest in Australian economic history should read it, and be educated by it."--Tim Hatton, Australian Economic History Review "McLean has an admirable ability to sum up complex issues using simple, often elegant sentences. He is a highly skilled tradesperson who uses economists' tools, but this does not compromise the readability of his text. Why Australia Prospered deserves a wide audience. It would be a suitable text for undergraduate use, while giving postgraduate students and established scholars plenty to think about."--Lionel Frost, Australian Historical Studies "Why Australia Prospered is both expansively ambitious and narrowly precise... McLean is a meticulous analyst and a calm judge, comfortable with unorthodoxy and big turning points if that is where the evidence leads."--Jock Given, Inside Story "McLean's telling of Australian economic history is not only fascinating, it is also fresh... [It is] a book that better integrates Australia's story into mainstream economic history than any before it."--Andrew Leigh, Journal of Economic Literature "It is engagingly written... Most important of all is McLean's impressive use of the comparative approach... While the book's focus is on natural resources and institutions, the author provides stimulating interpretations of many phases of economic history."--Simon Ville, American Historical Review "Why Australia Prospered is a rewarding read. The book is targeted at a broad audience, and to this end, MacLean interweaves historical narrative with analysis. Its chronological presentation allows some refreshing perspectives on events, and theoretical and policy debates, all of which are informed by the deep scholarship that the author demonstrates... [T]his is an excellent and enjoyable book that reminds us of the importance of historical context."--Shauna Phillips, Australian Journal of Agricultural and Resource "With this new book, McLean provides a missing exposition that could help re-energise such studies. It is a coherent, well-written, well-reasoned and accessible survey of Australian economic evolution. It benefits from the integration that comes from being penned by a single mind."--Glenn Withers, Economic Record "Australian economic history is undergoing something of a minor revival ... and this book is a welcome addition to the literature on the history of Australia in the global economy, stressing as it does both continuity and change."--David Meredith, English Historical ReviewTable of ContentsList of Figures ix List of Tables xi Preface and Acknowledgments xiii Map xvi Chapter 1 Introduction: Weaving Analysis and Narrative 1 Chapter 2 What Is to Be Explained, and How 11 * Comparative Levels of GDP Per Capita 11 * Booms, Busts, and Stagnation in Domestic Prosperity 15 * Other Indicators of Economic Prosperity 19 * From Evidence to Analysis 25 * Extensive Growth and Factor Accumulation 27 * Growth Theory and Australian Economic Historiography 29 * Recent Themes in Growth Economics 32 Chapter 3 Origins: An Economy Built from Scratch? 37 * The Pre-1788 Economy of the Aborigines 38 * The Aboriginal Contribution to the Post-1788 Economy 42 * The Convict Economy and Its Peculiar Labor Market 44 * Further Features of the Economy Relevant to Later Prosperity 50 * British Subsidies and Australian Living Standards 53 Chapter 4 Squatting, Colonial Autocracy, and Imperial Policies 57 * Why the Wool Industry Was So Efficient 58 * Evolution of Political Institutions: From Autocracy to Responsible Government 63 * The Labor Market: Ending Transportation, Preventing Coolie Immigration 67 * Thwarting the Squatters: Land Policies to 1847 69 * Other Determinants of Early Colonial Prosperity 73 * The Argentine Road Not Taken 76 Chapter 5 Becoming Very Rich 80 * The Economic Effects of Gold: Avoiding the Resource Curse 84 * Sustaining Economic Prosperity Following the Rushes 90 * Consolidating Democracy and Resolving the Squatter- Selector Conflict 96 * Openness and Growth 100 * Rural Productivity and Its Sources 108 Chapter 6 Depression, Drought, and Federation 113 * Explaining Relative Incomes 113 * Eating the Seed Corn? 116 * Boom, Bubble, and Bust: A Classic Debt Crisis 119 * Why Was Recovery So Slow? Comparison with Other Settler Economies 125 * Tropics, Crops, and Melanesians: Another Road Not Taken 132 * Economic Effects of Federation 135 * Accounting for the Loss of the "Top Spot" in Income Per Capita 139 Chapter 7 A Succession of Negative Shocks 144 * Why Was the Economic Impact of World War I So Severe? 147 * Why No Return to Normalcy? 148 * Pursuing Rural Development--A Field of Dreams? 154 * Growth in Other Settler Economies 157 * Debt Crisis, Then Depression-- Policy Responses and Constraints 160 * Imperial Economic Links-- Declining Net Benefi ts 165 * Could the Post-1960 Mineral Boom Have Occurred Earlier? 170 * The Debate over Stagnant Living Standards 173 Chapter 8 The Pacific War and the Second Golden Age 176 * Why the Pacific War Fostered Domestic Growth 177 * The Golden Age Was Not Uniquely Australian 183 * Export Growth, Factor Inflows, and the Korean War Wool Boom 186 * Macroeconomic Theory and Policies--What Role? 191 * Location Advantage: Asian Industrialization and Changing Trade Partners 193 * High Tide for Australian Industrialization 196 * Underinvestment in Human Capital? 199 * The Debate over Postwar Growth Performance 205 Chapter 9 Shocks, Policy Shift s, and Another Long Boom 210 * Why Did the Postwar Economic Boom End? 212 * The Reemergence of a Booming Mining Sector 215 * Macroeconomic Management in the 1970s 217 * Economic Policy Shift s in the 1980s 219 * Reevaluations 224 * The Quarry Economy: The Return of Resources-Based Prosperity 228 * The Contribution of Economic Reforms to Productivity 235 * Sustaining Prosperity through Boom and Bubble--A Historical Perspective 241 Chapter 10 The Shifting Bases of Prosperity 246 Appendix Note on Statistics and Sources 257 References 259 Index 277

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Book SynopsisTrade Review"One of Foreign Affairs Best of Books 2017 – Africa / Malawi""Winner of the 2018 Best Scholarly Book Award, Global and Transnational Section of the American Sociological Association""Honorable Mention for the 2018 Outstanding Published Book Award, Altruism, Morality and Social Solidarity Section of the American Sociological Association""Finalist for the 2018 Melville J. Herskovits Prize, African Studies Association""A concise, insightful work, and its contribution extends well beyond its immediate context of AIDS altruism in Malawi."---Brad Crofford, African Studies Quarterly"A Fraught Embrace is both an important piece of transnational public sociology and one of the most important works in cultural sociology to have been published in a long while."---Iddo Tavory, European Journal of Sociology"Few books can claim to address a social problem involving billions of dollars with millions of lives hanging in the balance, but Swidler and Watkins’s A Fraught Embrace does just that. Dissecting the role of foreign altruists and local brokers in aid efforts to stem the HIV/AIDS epidemic in sub-Saharan Africa generally, and Malawi more specifically, this book makes a compelling sociological contribution to the study of foreign aid—a field of research more often reserved for economists and international development studies scholars."---Liam Swiss, American Journal of SociologyTable of ContentsPreface vii 1 Introduction: Altruism from Afar 1 2 Fevered Imaginations 19 3 Lumbering Behemoths and Fluttering Butterflies: Altruists in the Global AIDS Enterprise 36 4 Cultural Production: A Riot of Color 57 5 Getting to Know Brokers 78 6 Brokers' Careers: Merit, Miracles, and Malice 106 7 Themes That Make Everyone Happy: Fighting Stigma and Helping Orphans 123 8 Themes That Make Everyone Anxious: Vulnerable Women and Harmful Cultural Practices 138 9 A Practice That Makes Everyone Happy: Training 166 10 Creating Success 183 11 Conclusions: Doing Good Better 198 Acknowledgments 215 Notes 219 References 247 Index 269

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Book SynopsisTrade ReviewOne of Financial Times Best Books in Economics of the Year Selected for A Financial Times Summer Books selection One of Financial Times (FT.com) Best Books in Economics 2015, chosen by Martin Wolf A Financial Times Summer Books 2015 selection "This timely and excellent primer on income inequality both within and among nations deserves to be read by both occupiers and occupants of Wall Street."--Publishers Weekly "Globalization has unleashed powerful forces: some wonderful, some worrying. This book can take you beyond the cliches to an understanding of what is going on and what can be done about it."--Sir Paul Collier, Prospect "Readers wanting a map of the terrain should read Bourguignon... Inequality is an important and complex subject. On the biggest issue of all--global inequality--the recent news has been good. The story on inequality within countries is less appealing, however. [The Globalization of Inequality] tells this complex story well."--Martin Wolf, Financial Times "This book is written in calm prose, but its message is urgent: continue as we are and poverty will grow on our doorsteps."--Danny Dorling, Times Higher Education "Recommended for readers seeking a brief, less technical introduction to economic inequality within and among nations."--Library Journal "Bourguignon carefully wends his way among the definitions of inequality and its multiple, sometimes conflicting measures... This book is written for the layman but is nonetheless intellectually rigorous. It sets out the causes of and some remedies for a problem that urgently needs to be solved if we are to avoid what the book's title warns against, the globalization of inequality."--Brenda Jubin, Seeking Alpha "[Bourguignon's] compact book takes readers through most of the suspected causes and possible cures for what he and many believe is a destructive phenomenon... Now that this French academic's thoughts will be reaching an English-language audience, his translators may have little time to rest. Inequality is nearly everywhere. Certainly the world's politicians will continue to need such bedtime reading."--Tim Ferguson, Forbes.com "Move over, Thomas Piketty. Anyone who has been put off by the French economist's overblown and overly long book on inequality now has a succinct alternative, The Globalization of Inequality. In a mere 189 pages, Francois Bourguignon provides a measured introduction to what is right and what is wrong about current trends in the dispersion of incomes."--Edward Hadas, Reuters BreakingViews "Bourguignon sets out the figures in careful detail, distinguishing between increases in inequality within countries and changes between countries."--Diane Coyle, Enlightened Economist "Bourguignon ... presents a thoughtful and judicious analysis of economic inequality... The book is highly accessible yet also sophisticated, drawing on a large and growing technical and empirical literature on inequality."--Foreign Affairs "Bourguignon has written a succinct, useful guide to the current state of world inequality. With words and data, he draws the useful distinction between within-country inequality and between-country inequality ... in contrast to the authors of most studies of economic problems, who do a solid job laying out the patterns of concern and considering their causes but only hand wave toward solutions, Bourguignon spends significant space considering policy approaches to reducing both forms of inequality."--Choice "The sooner we listen to Bourguignon, Piketty, Atkinson et al, the better."-- Mark Goldring, Resurgence & Ecologist "A concise and nontechnical masterpiece of exceptional analytical and policy clarity. [Bourguignon's] professional expertise and policy involvement shine through in every chapter. Although the book is written for concerned global citizens, professional economists and other social scientists can learn much from reading it."--Gary Fields, ILR ReviewTable of ContentsForeword to the English Edition vii Introduction: Globalization and Inequality 1 Chapter 1 Global Inequality 9 Appendix to Chapter 1 Detailed Evidence on the Recent Changes in Global Inequality 41 Chapter 2 Are Countries Becoming More Unequal? 47 Chapter 3 Globalization and the Forces behind the Rise in Inequality 74 Chapter 4 Toward a Fair Globalization: Prospects and Principles 117 Chapter 5 Which Policies for a Fairer Globalization? 146 Conclusion Globalizing Equality? 184 Index 191

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Book SynopsisTrade Review"Honorable Mention for the Alice Amsden Book Award, Society for the Advancement of Socio-Economics""Honorable Mention for the IPE Best Book Award, International Political Economy Section of the International Studies Association""[Madariaga] creatively combines qualitative and quantitative data and methods."---Nicolás M. Somma, Latin American Research Review

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Book SynopsisTrade Review"Winner of the Alice Amsden Book Award, Society for the Advancement of Socio-Economics""Winner of the Murdo J. MacLeod Book Prize, Latin American and Caribbean Section of the Southern Historical Association""Co-Winner of the EHS First Monograph Prize, Economic History Society""Co-Winner of the Michael H. Hunt Prize in International History, Society for Historians of American Foreign Relations""Honorable Mention for the Stuart L. Bernath Book Prize, Society for Historians of American Foreign Relations""Finalist for the Berkshire Conference of Women Historians Book Prize""Honorable Mention for the Allan Sharlin Memorial Award, Social Science History Association""The strengths of the book are many, and the originality of the argument and the well-researched chain of events on the micro and meso levels make the book both a page-turner and a real contribution to the discussion on how and why the mixed economy, or the third way, is such a tightrope, both in the Americas and elsewhere."---Martin Andersson, Economic History Review"[A] dazzling, transnational history. . . . [The] insights it provides into the link between decentralized development from 50 years ago and contemporary privatization across the Americas is revelatory."---J. M. Rosenthal, Choice Reviews"Sorting Out the Mixed Economy [is Amy Offner’s] epic and field-changing work."---Quinn Slobodian, Dissent Magazine"In telling the story of Lilienthal and other ex–New Deal officials, Amy C. Offner’s Sorting Out the Mixed Economy remakes a popular understanding of how today’s neoliberalism was built. . . . Offner’s book has left us better equipped to understand this past, and to look ahead toward future turbulence."---Pablo Pryluka, Public Books"Sorting Out the Mixed Economy is an ambitious and thought-provoking study that reframes our understanding of both development and neoliberalism and will shape research in many scholarly fields. . . . In terms of the history of relations between the United States and Latin America, Offner inverts one of the field’s most important narratives."---Margarita Fajardo, H-LatAm"One of the great virtues of Offner’s book is that it eschews a discussion of international development in the sense of a project undertaken by donors in a foreign country, but rather views the US involvement in Colombia from the 1950s to the 1980s, as well the New Deal and War on Poverty in the US, as intertwined projects. It is a conceptual shift that has major implications for how we study development. . . . Offner’s book leaves us wondering if there is such a thing as a history of development to be written separately from the history of political economy."---Journal of Contemporary History, Artemy M. Kalinovsky"Sorting out the Mixed Economy succeeds brilliantly in illuminating the internal contradictions of mid-century development projects and in demonstrating the deep roots of policies such as decentralization, privatization, and fiscal austerity. . . . The book should be required reading for historians of development, state action, and neoliberalism in Latin America and transnational historians of Latin America and the United States."---Andra B. Chastain, Journal of Social History"Amy Offner has written an original and intellectually subversive book that, in the guise of a detailed study of the development politics of Colombia in the mid-twentieth century, mounts a powerful challenge to established methods of studying neoliberal thought and practice. . . . Offner reminds us that we ought to look beyond the [Mont Pelerin Society] in constructing genealogies of neoliberalism and to consider the less formal and more popular languages of economic argument that have also played a role in public-policy debates."---Ben Jackson, Modern Intellectual History"This extensively researched and sophisticated study breaks through conventional origin stories of neoliberalism. . . . This is regional history at its best. Offner shows a command of the institutions, politics, landscapes, and social structure of Colombia, no less than the US. . . . Interviews with early residents of [self-help] housing stands out as a social history gem."---Eileen Boris, Labor: Studies in Working-Class History of the Americas"Offner’s book is an exceptional contribution to the fields of US history, history of economics, Latin American state-building and US social welfare policy, and of the cataclysm of the final decades of the twentieth century."---Fernanda Conforto de Oliveira, Journal of Latin American Studies"This book is essential reading for historians of development and public policy in the twentieth-century Americas. Agricultural historians will be particularly interested in Offner’s analysis of Colombia’s early 1960s land reform and the questions that this raises about the nature of land reform in other contexts, particularly its often conflicting economic and social aims."---Eve E. Buckley, Agricultural History"[A] profound contribution. . . . It may well be the most compelling appeal yet for historians to abandon the binary straitjacket of ‘First’ and ‘Third’ worlds."---Tore Olsson, Enterprise and Society

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Book SynopsisTrade Review“This book brings together a cohesive and well-chosen set of high-quality essays on every possible subtopic under the general rubric of institutions and development. It offers readers the most significant material on this important subject all in one volume.”—Ashok Kotwal, University of British Columbia“This book summarizes recent research in what is currently one of the most exciting areas in development economics, and indeed, in economics more generally. The stellar collection of contributors and lead editors guarantees that this volume will have an impact. There is no comparable book in the field.”—Sanjay Jain, University of Oxford

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Book SynopsisCorruption corrodes all facets of the world's political and corporate life, yet until now there was no one book that explained how best to battle it. Here, Rotberg puts some 35 countries under an anti-corruption microscope to show exactly how to beat back the forces of sleaze and graft.Trade Review"One of the International Affairs Blog Top 5 Books: December 2017"

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Book SynopsisTrade Review"Honorable Mention for the 2017 PROSE Award in Environmental Science, Association of American Publishers""Easily understandable regardless of a reader's familiarity with China or environmental policy, this excellent resource will interest readers of the environmental situation in China and its impact on the global community." * Library Journal *"Blue Skies Over Beijing is . . . a shot of good news when talking about China's environmental issues. Economic development, rather than hurting China's environmental performance, may in fact improve it." * Asian Review of Books *"A well-written description of what China’s urban residents and their government are doing to live with and reduce air pollution."---Herman F. Huang, China Review International

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Book SynopsisTrade Review"These essays demonstrate the breadth of institutionalist economic history, covering the interaction of institutions, culture, markets, and politics in shaping economic behavior and outcomes." * Choice *

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Book SynopsisTrade Review"Winner of the Myrna F. Bernath Book Award, Society for Historians of American Foreign Relations""Meyerowitz's narrative puts into dialogue the usually separate histories of development doctrine, post-1960s leftism, global feminism, and the economics of microcredit. . . . A War on Global Poverty fills an important gap in the literature."---Nils Gilman, Journal of American History"Joanne Meyerowitz’s A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit makes clear that the US welfare state has always had an international dimension. We can’t understand how the social safety net eroded without examining its reach abroad."---Maia Silber, Chicago Review"Meyerowitz rightly foregrounds the significance of gendered notions of uplift and empowerment in remaking international aid." * Boston Review *

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Book SynopsisTrade Review"Tignor's book is one for enthusiasts of development, of social science research and of African history. It is long, closely written, tightly researched and scrupulously comprehensive."---Lawrence Haddad, Times Higher Education Supplement"This book can be read on two levels. On the human level, it is the story of triumph against adversity. . . . [A]t the level of the contribution made by a professional economist to economic development, this book reads as a story of intellectual failure in the face of political reality. . . . Each of these chapters is thoroughly researched, judiciously blending discussions of Lewis's personal life and of the changes taking place in the world."---Ranald Michie, Business History Review"In this splendid intellectual biography, Robert L. Tignor examines Lewis's career and thought, giving particular emphasis to his experiences in Africa. . . . This is an important biography, and one that will benefit scholars seeking to understand the enormous gap between economic aspirations and achievements in much of the developing world, as well as the struggle for racial justice. For students of post-independence Africa the book has special relevance."---Alfred E. Eckes, International History Review"Robert Tignor has produced an impressive intellectual biography of the remarkable economist, policy advisor, and educator, Sir W. Arthur Lewis."---James B. Stewart, Journal of African American History

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