Why Economies Grow (Hardcover)

The forces that shape economic growth: --The size of markets. Large markets make economies of scale possible and thus encourage saving, investing, and the development of new products.--The availability of information and the literacy of the population. The spread of information gives people access to scientific and technical ideas, products, and productive farming, manufacturing, and marketing techniques.--Natural resources. These seem like primary requirements but are not: they depend on markets for their commercial value.--Surplus capital--savings--that can be used as investment.--Basic economic rights such as guarantees of property and contracts.--Entrepreneurialism, creativity, and the human drive for self-improvement.--Technology and invention. While commonly seen as primary (or even the only) requirements for growth, these are strongly dependent on other factors.

General

Imprint:	BasicBooks
Country of origin:	United States
Release date:	September 2002
First published:	September 2002
Authors:	Jeff Madrick
Dimensions:	241 x 162 x 24mm (L x W x T)
Format:	Hardcover
Pages:	256
ISBN-13:	978-0-465-04311-8
Categories:	Books > Business & Economics > Economics > Macroeconomics > General
LSN:	0-465-04311-9
Barcode:	9780465043118

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