The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics / Edition 1

The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics / Edition 1

by William R. Easterly
     
 

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving

See more details below

Overview

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.In this book Easterly shows how these solutions all violate the basic principle of economics, that people — private individuals and businesses, government officials, even aid donors — respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem.

Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

Read More

Product Details

ISBN-13:
9780262550420
Publisher:
MIT Press
Publication date:
08/08/2002
Edition description:
Reprint
Pages:
400
Sales rank:
217,903
Product dimensions:
6.00(w) x 9.00(h) x 0.75(d)
Age Range:
18 Years

Meet the Author

William Easterly is the author of The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001) and The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good. He is Professor of Economics at New York University (Joint with Africa House), Codirector of NYU's Development Research Institute, visiting Fellow at the Brookings Institution, and Nonresident Fellow of the Center for Global Development in Washington, DC.

More from this Author

Table of Contents

Acknowledgments
Prologue: The Quest
IWhy Growth Matters1
1To Help the Poor5
Intermezzo: In Search of a River16
IIPanaceas That Failed21
2Aid for Investment25
Intermezzo: Parmila45
3Solow's Surprise: Investment Is Not the Key to Growth47
Intermezzo: Dry Cornstalks70
4Educated for What?71
Intermezzo: Without a Refuge85
5Cash for Condoms?87
Intermezzo: Tomb Paintings99
6The Loans That Were, the Growth That Wasn't101
Intermezzo: Leila's Story121
7Forgive Us Our Debts123
Intermezzo: Cardboard House138
IIIPeople Respond to Incentives141
8Tales of Increasing Returns: Leaks, Matches, and Traps145
Intermezzo: War and Memory170
9Creative Destruction: The Power of Technology171
Intermezzo: Accident in Jamaica193
10Under an Evil Star195
Intermezzo: Favela Life215
11Governments Can Kill Growth217
Intermezzo: Florence and Veronica240
12Corruption and Growth241
Intermezzo: Discrimination in Palanpur253
13Polarized Peoples255
Intermezzo: Violent for Centuries282
14Conclusion: The View from Lahore285
Notes293
References and Further Reading313
Index335

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >