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The Political Economy of Comparative Development into the 21st Century - Essays in Memory of John C.H. Fei, Volume 1 (Hardcover)
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The Political Economy of Comparative Development into the 21st Century - Essays in Memory of John C.H. Fei, Volume 1 (Hardcover)
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This important book uses the most recent advancements in growth
theory and case studies to examine the status of economic and
political development at the turn of the 20th century. The book
first provides an overview of the process of economic development
in light of endogenous growth theory. The authors then explore the
sources of economic development in East Asian countries, including
the role of capital accumulation, international trade, pre-takeoff
conditions and intersectoral relations. Pre war Japan is used as a
case study to examine the role of industrial structure in
accelerating economic development. The contributors then discuss
the implications of economic development for income distribution in
labor-absorbing economies and newly industrialized countries as
well as examining household income distribution in Taiwan.
Inequality is analyzed in the context of a developing country
experiencing hyper-inflation. The influence of institutions, such
as the Bretton Woods system, on developing countries' growth
potential is also examined and case studies of Kenya, Uganda, and
Sri Lanka are used to explore the role of politics and conflict in
the process of economic development. The Political Economy of
Comparative Development into the 21st Century will be essential
reading for scholars of the economics and politics of development.
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