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Capital And Collusion: The Political Logic Of Global Economic Development - Couverture rigide

Root, Hilton L.

 
9780691124070: Capital And Collusion: The Political Logic Of Global Economic Development
Couverture rigide
ISBN 10 : 0691124078 ISBN 13 : 9780691124070
Editeur : Princeton University Press, 2005

Synopsis

Why does capital formation often fail to occur in developing countries? Capital and Collusion explores the political incentives that either foster growth or steal nations' growth prospects.

Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between a poor nation's savings and its investment. As a consequence, the developing world faces a growing disconnect between the value of its resources and the availability of finance.

What are the remedies for eliminating this disparity? Root shows us how to close the growing wealth gap among nations by building institutions that convert uncertainty into risk. Comparing China to India, Latin America to East Asia, and contemporary to historical cases, he offers lessons that can help the World Bank and the International Monetary Fund to tackle the political incentives that are the source of poor governance in developing nations.

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À propos de l'auteur

Hilton L. Root is a Freeman Fellow and Professor of Economics at Pitzer College and a Senior Fellow at Claremont Graduate University and the Milken Institute. He is the author of six books, including The Key to the East Asian Miracle: Making Shared Growth Credible (with J. Edgardo Campos) and The Fountain of Privilege: Political Foundations of Markets in Old Regime France and England.

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Éditeur
Princeton University Press
Date d'édition
2005
Langue
anglais
ISBN 10 
0691124078
ISBN 13 
9780691124070
Reliure
Relié
Nombre de pages
352
Coordonnées du fabricant
Princeton University Press
https://press.princeton.edu/books

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