Description
Book SynopsisWhy does capital formation often fail to occur in developing countries? This work explores the political incentives that either foster growth or steal nations' growth prospects. It examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions.
Trade Review"Capital and Collusion provides an interesting read for anyone attracted by the complexity of international political economic development... By highlighting the forces at work in developing countries, Root addresses the notion that distribution of wealth is often complex and requires situation specific responses to nations who are hindered by collusive cultural practices."--Andrew J. Prelog, Journal of Economic Issues
Table of ContentsTables and Figures ix PART I: Analytical Perspectives 1 CHAPTER ONE: Risk, Uncertainty, and Social Progress 3 CHAPTER TWO: Social Foundations of Policy Credibility 17 CHAPTER THREE: Politics and Economic Structure: The Economic Logic of Autocracy 35 CHAPTER FOUR: An Amazing Economy of Information: The Financial System 48 PART II: Regional and National Complexity 57 CHAPTER FIVE: Closing the Social Productivity Gap in East Asia 59 CHAPTER SIX: The Price of Exclusion: Latin America's Explosive Debt 89 CHAPTER SEVEN: Why Not India?New Century, New Country 114 CHAPTER EIGHT: Pakistan on the Edge 157 CHAPTER NINE: China's Capitalist Dream: Between Hierarchy and Market 187 PART III: Conclusion 219 CHAPTER TEN: Mobilizing the State as Public Risk Manager 221 CONCLUSION: Uncertainty, Competition, and Collusion in Early Capital Accumulation 246 Acknowledgments 249 Appendix 1 Data Sources 251 Appendix 2 Variables 252 Notes 253 References 307 Index 327
