Capital and Collusion: The Political Logic of Global Economic Development / Edition 1

Capital and Collusion: The Political Logic of Global Economic Development / Edition 1

by Hilton L. Root
     
 

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ISBN-10: 0691124078

ISBN-13: 9780691124070

Pub. Date: 11/21/2005

Publisher: Princeton University Press

"A most interesting and informative work. The book contains excellent material and interesting analysis, and it will appeal to a broad audience."—Stanley Engerman, University of Rochester

"An ambitious book, Capital and Collusion identifies the institutional reasons for the divergent growth paths of major regions in the developing world. The

Overview

"A most interesting and informative work. The book contains excellent material and interesting analysis, and it will appeal to a broad audience."—Stanley Engerman, University of Rochester

"An ambitious book, Capital and Collusion identifies the institutional reasons for the divergent growth paths of major regions in the developing world. The topic is one that will interest a broad range of readers in both academic and policy circles."—David Stasavage, London School of Economics

"Root takes a very abstract notion like trust and provides a series of concrete demonstrations of how trust, or the lack of it, can affect economic performance and social welfare. He bases his arguments very skillfully on a variety of indicators that transform abstract concepts into observable phenomena and make his arguments come to life. This is a 'must read' in graduate and undergraduate courses that focus on institutions and development."—Lewis W. Snider, author of Growth, Debt and Politics: Economic Adjustment and the Political Performance of Developing Countries

"In this exciting book, Hilton Root calls into question some of the "sacred cows" of contemporary thought, knocking down some of the rigid boundaries that exist among the social sciences and among concepts like developed and developing countries. A very good read for all."—Elinor Ostrom, Indiana University, author of Understanding Institutional Diversity

"Capital and Collusion is a breathtaking tour de force that adds significantly to the growing literature on the political economy of development and of state failure. Hilton Root has tackled the most important question facing policymakers, leaders of international financial institutions, and students of the political economy of development: how can the incentives of leaders be changed to promote risk taking and entrepreneurship, diminish uncertainty and self-insurance, and stimulate economic growth when they benefit personally from sustained national failure? No one who wishes to understand or shape economic and social welfare can afford not to read this book."—Bruce Bueno de Mesquita, Professor of Politics, NYU

Product Details

ISBN-13:
9780691124070
Publisher:
Princeton University Press
Publication date:
11/21/2005
Edition description:
New Edition
Pages:
352
Product dimensions:
6.10(w) x 9.30(h) x 1.20(d)

Table of Contents

Tables 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

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