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Shortcut or Piecemeal - Economic Development Strategies and Structural Change (Hardcover)
Loot Price: R1,495
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Shortcut or Piecemeal - Economic Development Strategies and Structural Change (Hardcover)
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Despite the economic uncertainties that have affected the world
economy, alternative economic development strategies receive very
little attention in the published literature. When academics
compare certain strategic features or assess the performance of
different strategies they rarely factor in outcomes. This book
seeks to address that gap and to provide a theoretical background
to the shift from industry to human capital intensive services as
the engine of economic growth. Pioneering studies reveal
interesting trends and patterns that point to the growing
importance of the mostly intellectual property-based intangible
capital in relation to the level of GDP. These studies also
indicate that economic freedom has had a large role in bringing
about this second great structural change, more than was with the
case with industrialization. The author also provides an extensive
assessment of four key developing countries: Brazil, Russia, India,
and China.
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