The state and its institutions are crucial for economic
development: for better and for worse. This insight informs this
important, up-to-date and authoritative survey of new trends in
growth economics and the widely divergent economic performance of
developing countries - for example, between Latin America and
South-east Asia - which seemed to be similarly placed just a
generation ago. The decisive role of the political dimension in
economic growth seems clear but there are many challenges to be met
in getting an analytical handle on the precise determinants and in
testing empirically for this. This is the challenge taken up by the
international team of contributors.
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