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Author: Erik S Reinert
Publisher: Hachette UK
ISBN: 1541762886
Category : History
Languages : en
Pages : 426
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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 : 426
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: W. W. Rostow
Publisher: Routledge
ISBN: 1000310132
Category : Political Science
Languages : en
Pages : 184
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Book Description
In these ten graceful and learned essays, Professor Rostow addresses the future of the world and its economy from the perspective of his more than forty years of study and reflection on the problems of economic development. Rostow focuses on how we are to create and sustain a civilized and industrious world society in an international trading system beset by historic trends with enormous potential for disruption. These powerful forces—including an industrial revolution of microelectronics, genetic engineering, robots and lasers, and the diffusion of high technology to low-wage areas—are creating different sets of irrevocably intertwined problems for nations around the world. The issues are illuminated here by Rostow’s mastery of economic history as well as the history of political economy. In addition to general discussions placing the issues historically and intellectually, there are essays highlighting the particular concerns of Mexico, India, Japan, and the Pacific Basin. In his final remarks, Rostow speculates on how the large economic trends affecting the superpowers may lead gradually to a truly significant lessening of East-West tensions. This book will be valuable for any citizen or student concerned about the future of the global economy.
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: 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: 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 will inform 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 will also document trends in inequality and identify recent country experiences that have been successful in reducing inequalities, provide key lessons from those experiences, and synthesize 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 will address 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 will make four main contributions. First, it will present the most recent numbers on poverty, shared prosperity, and inequality. Second, it will stress the importance of inequality reduction in ending poverty and boosting shared prosperity by 2030 in a context of weaker growth. Third, it will highlight the diversity of within-country inequality reduction experiences and will synthesize experiences of successful countries and policies, addressing the roots of inequality without compromising economic growth. In doing so, the report will shatter some myths and sharpen our knowledge of what works in reducing inequalities. Finally, it will also advocate 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: Ian Goldin
Publisher: Oxford University Press
ISBN: 0198736258
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
What is development -- How does development happen? -- Why are some countries rich and others poor? -- What can be done to accelerate development? -- The evolution of development aid -- Sustainable development -- Globalization and development -- The future of development.
Author: Hans Rosling
Publisher: Flatiron Books
ISBN: 125012381X
Category : Science
Languages : en
Pages : 353
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Book Description
INSTANT NEW YORK TIMES BESTSELLER “One of the most important books I’ve ever read—an indispensable guide to thinking clearly about the world.” – Bill Gates “Hans Rosling tells the story of ‘the secret silent miracle of human progress’ as only he can. But Factfulness does much more than that. It also explains why progress is so often secret and silent and teaches readers how to see it clearly.” —Melinda Gates "Factfulness by Hans Rosling, an outstanding international public health expert, is a hopeful book about the potential for human progress when we work off facts rather than our inherent biases." - Former U.S. President Barack Obama Factfulness: The stress-reducing habit of only carrying opinions for which you have strong supporting facts. When asked simple questions about global trends—what percentage of the world’s population live in poverty; why the world’s population is increasing; how many girls finish school—we systematically get the answers wrong. So wrong that a chimpanzee choosing answers at random will consistently outguess teachers, journalists, Nobel laureates, and investment bankers. In Factfulness, Professor of International Health and global TED phenomenon Hans Rosling, together with his two long-time collaborators, Anna and Ola, offers a radical new explanation of why this happens. They reveal the ten instincts that distort our perspective—from our tendency to divide the world into two camps (usually some version of us and them) to the way we consume media (where fear rules) to how we perceive progress (believing that most things are getting worse). Our problem is that we don’t know what we don’t know, and even our guesses are informed by unconscious and predictable biases. It turns out that the world, for all its imperfections, is in a much better state than we might think. That doesn’t mean there aren’t real concerns. But when we worry about everything all the time instead of embracing a worldview based on facts, we can lose our ability to focus on the things that threaten us most. Inspiring and revelatory, filled with lively anecdotes and moving stories, Factfulness is an urgent and essential book that will change the way you see the world and empower you to respond to the crises and opportunities of the future. --- “This book is my last battle in my life-long mission to fight devastating ignorance...Previously I armed myself with huge data sets, eye-opening software, an energetic learning style and a Swedish bayonet for sword-swallowing. It wasn’t enough. But I hope this book will be.” Hans Rosling, February 2017.
Author: Erik S Reinert
Publisher: PublicAffairs
ISBN: 1541762886
Category : History
Languages : en
Pages : 426
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: Rachel Weaving
Publisher: Routledge
ISBN: 1351513338
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
"All United Nations heads of state have endorsed the Millennium Development Goals, which aim to reduce the incidence of absolute poverty by half by 2015. To reach those goals, growth in developing countries will have to be twice the levels achieved in the 1990s for the next fifteen years. This will require, at the least, new rules of the development game.At present, rich countries exercise control over the institutions that oversee the global economy. This volume addresses a curiously neglected area of policy analysis--the impact of rich countries' policies on the global poor. Four-fifths of the world's people subsist on one-fifth of the world's income. One-fifth live in abject poverty, on less than one dollar a day. The main responsibility for reducing poverty reduction naturally rests with developing countries. But globalization means that rich countries must also play their part.Industrialized countries dominate global environmental management through the heavy ecological footprint of their production and consumption patterns. Adjustments of their policies by rich countries may be as critical as government reforms in poor countries. Past research has concentrated on policy adjustments that need to be made within poor countries to aid effectiveness, and trade reform.Relatively little is known about the economic consequences of migration, control of intellectual property, and environmental regulations. Even less research has been done on the interaction and combined impact of the full spectrum of rich countries' policies on the economy, society, and ecology in poor countries. These knowledge gaps inhibit rational debate, let alone evidence-based policymaking that may lead towards sustainable and equitable growth. At current levels, aid alone cannot deliver adequate progress towards the Millennium Development Goals.The surveys by eminent development analysts and practitioners included in this volume sketch a road map for a better understanding of the"
