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Author: Erik S Reinert
Publisher: Hachette UK
ISBN: 1541762886
Category : History
Languages : en
Pages : 444
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Book Description
A maverick economist explains how protectionism makes nations rich, free trade keeps them poor---and how rich countries make sure to keep it that way. Throughout history, some combination of government intervention, protectionism, and strategic investment has driven successful development everywhere from Renaissance Italy to the modern Far East. Yet despite the demonstrable success of this approach, development economists largely ignore it and insist instead on the importance of free trade. Somehow, the thing that made rich nations rich supposedly won't work on poor countries anymore. Leading heterodox economist Erik Reinert's invigorating history of economic development shows how Western economies were founded on protectionism and state activism and only later promoted free trade, when it worked to their advantage. In the tug-of-war between the gospel of government intervention and free-market purists, the issue is not that one is more correct, but that the winning nation tends to favor whatever benefits them most. As Western countries begin to sense that the rules of the game they set were rigged, Reinert's classic book gains new urgency. His unique and edifying approach to the history of economic development is critical reading for anyone who wants to understand how we got here and what to do next, especially now that we aren't so sure we'll be the winners anymore.
Author: Erik S Reinert
Publisher: Hachette UK
ISBN: 1541762886
Category : History
Languages : en
Pages : 444
Get Book Here
Book Description
A maverick economist explains how protectionism makes nations rich, free trade keeps them poor---and how rich countries make sure to keep it that way. Throughout history, some combination of government intervention, protectionism, and strategic investment has driven successful development everywhere from Renaissance Italy to the modern Far East. Yet despite the demonstrable success of this approach, development economists largely ignore it and insist instead on the importance of free trade. Somehow, the thing that made rich nations rich supposedly won't work on poor countries anymore. Leading heterodox economist Erik Reinert's invigorating history of economic development shows how Western economies were founded on protectionism and state activism and only later promoted free trade, when it worked to their advantage. In the tug-of-war between the gospel of government intervention and free-market purists, the issue is not that one is more correct, but that the winning nation tends to favor whatever benefits them most. As Western countries begin to sense that the rules of the game they set were rigged, Reinert's classic book gains new urgency. His unique and edifying approach to the history of economic development is critical reading for anyone who wants to understand how we got here and what to do next, especially now that we aren't so sure we'll be the winners anymore.
Author: Caroline Freund
Publisher: Peterson Institute for International Economics
ISBN: 0881327042
Category : Political Science
Languages : en
Pages : 199
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Book Description
Like the robber barons of the 19th century Gilded Age, a new and proliferating crop of billionaires is driving rapid development and industrialization in poor countries. The accelerated industrial growth spurs economic prosperity for some, but it also widens the gap between the super rich and the rest of the population, especially the very poor. In Rich People Poor Countries, Caroline Freund identifies and analyzes nearly 700 emerging-market billionaires whose net worth adds up to more than $2 trillion. Freund finds that these titans of industry are propelling poor countries out of their small-scale production and agricultural past and into a future of multinational industry and service-based mega firms. And more often than not, the new billionaires are using their newfound acumen to navigate the globalized economy, without necessarily relying on political connections, inheritance, or privileged access to resources. This story of emerging-market billionaires and the global businesses they create dramatically illuminates the process of industrialization in the modern world economy.
Author: David Hulme
Publisher: John Wiley & Sons
ISBN: 9780745686066
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
In the past decade, the developed world has spent almost US$ 2 trillion on foreign aid for poorer countries. Yet 1.2 billion people still live in extreme poverty and around 2.9 billion cannot meet their basic human needs. But should rich nations continue to help the poor? In this short book, leading global poverty analyst David Hulme explains why helping the world’s neediest communities is both the right thing to do and the wise thing to do Ð if rich nations want to take care of their own citizens’ future welfare. The real question is how best to provide this help. The way forward, Hulme argues, is not conventional foreign aid but trade, finance and environmental policy reform. But this must happen alongside a change in international social norms so that we all recognise the collective benefits of a poverty-free world.
Author: Benjamin Powell
Publisher: Stanford Economics & Finance
ISBN:
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
Making Poor Nations Rich illustrates the importance of institutions that support economic freedom and private property rights for promoting the form of productive entrepreneurship that leads to sustained increases in countries' standard of living.
Author: Javed Ansari
Publisher: Routledge
ISBN: 1134868677
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
This 4th edition has been revised to take account of the onset of world recession and the fall in commodity prices that have brought increasing poverty to some of the world's poorest countries.
Author: World Bank Group
Publisher: World Bank Publications
ISBN: 1464809798
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Poverty and Shared Prosperity 2016 is the first of an annual flagship report that provides a global audience comprising development practitioners, policy makers, researchers, advocates, and citizens in general with the latest and most accurate estimates on trends in global poverty and shared prosperity. This edition documents trends in inequality and identifies recent country experiences that have been successful in reducing inequalities, provides key lessons from those experiences, and synthesizes the rigorous evidence on public policies that can shift inequality in a way that bolsters poverty reduction and shared prosperity in a sustainable manner.Specifically, the report addresses the following questions: •What is the latest evidence on the levels and evolution of extreme poverty and shared prosperity?•Which countries and regions have been more successful in terms of progress toward the twin goals and which are lagging behind? •What does the global context of lower economic growth mean for achieving the twin goals? •How can inequality reduction contribute to achieving the twin goals?•What does the evidence show concerning global and between- and within-country inequality trends?•Which interventions and countries have used the most innovative approaches to achieving the twin goals through reductions in inequality? The report makes four main contributions. First, it presents the most recent numbers on poverty, shared prosperity, and inequality. Second, it stresses the importance of inequality reduction in ending poverty and boosting shared prosperity by 2030 in a context of weaker growth. Third, it highlights the diversity of within-country inequality reduction experiences and synthesizes experiences of successful countries and policies, addressing the roots of inequality without compromising economic growth. In doing so, the report shatters some myths and sharpens our knowledge of what works in reducing inequalities. Finally, it advocates for the need to expand and improve data collection—for example, data availability, comparability, and quality—and rigorous evidence on inequality impacts in order to deliver high-quality poverty and shared prosperity monitoring.
Author: David S. Landes
Publisher: Hachette UK
ISBN: 0349141444
Category : Social Science
Languages : en
Pages : 743
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Book Description
The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.
Author: Daron Acemoglu
Publisher: Crown Currency
ISBN: 0307719227
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
NEW YORK TIMES AND WALL STREET JOURNAL BESTSELLER • From two winners of the 2024 Nobel Prize in Economic Sciences, “who have demonstrated the importance of societal institutions for a country’s prosperity” “A wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.”—The New York Times FINALIST: Financial Times and Goldman Sachs Business Book of the Year Award • ONE OF THE BEST BOOKS OF THE YEAR: The Washington Post, Financial Times, The Economist, BusinessWeek, Bloomberg, The Christian Science Monitor, The Plain Dealer Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, or geography that determines prosperity or poverty? As Why Nations Fail shows, none of these factors is either definitive or destiny. Drawing on fifteen years of original research, Daron Acemoglu and James Robinson conclusively show that it is our man-made political and economic institutions that underlie economic success (or the lack of it). Korea, to take just one example, is a remarkably homogenous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The differences between the Koreas is due to the politics that created those two different institutional trajectories. Acemoglu and Robinson marshal extraordinary historical evidence from the Roman Empire, the Mayan city-states, the Soviet Union, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, among them: • Will China’s economy continue to grow at such a high speed and ultimately overwhelm the West? • Are America’s best days behind it? Are we creating a vicious cycle that enriches and empowers a small minority? “This book will change the way people think about the wealth and poverty of nations . . . as ambitious as Jared Diamond’s Guns, Germs, and Steel.”—BusinessWeek
Author: G. Ranis
Publisher: Springer
ISBN: 1349154563
Category : Business & Economics
Languages : en
Pages : 457
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Book Description
Author: Ann Harrison
Publisher: University of Chicago Press
ISBN: 0226318001
Category : Business & Economics
Languages : en
Pages : 674
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Book Description
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
