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Puzzles of economic growth (Paperback)
Loot Price: R1,349
Discovery Miles 13 490
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Puzzles of economic growth (Paperback)
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Looking at the economic growth of seemingly similar countries one
can find striking differences. Why has Australia gotten so much
ahead of New Zealand, in spite of the latter being held up as a
paragon of free market reform? How is it possible that Austria,
with its persistently oversized state enterprise sector, has
managed to (nearly) catch up with Switzerland? How can we account
for the differences in economic growth between Estonia and
Slovenia, and which of these two countries has been more successful
at systemic transformation? Why is Mexico so much poorer than
Spain, despite having been wealthier all the way into the 1960s?
Why has Venezuela, which in 1950 had a per capita income higher
than that of Norway and remains a major exporter of oil, slipped
behind Chile? Why is Costa Rica lagging behind Puerto Rico, even
though in the 1970s the U.S. territory's fast development slowed to
a crawl and is now far below other comparable island economies? Why
has 'communist' China outstripped 'capitalist' India? Why has
Pakistan's growth lagged behind that of Indonesia, even though the
latter suffered one of the deepest crises in world economic history
in the years 1997-98? Why, even before the 2010 earthquake, the
Dominican Republic has been visited by several dozen times more
tourists than Haiti, despite being situated on the same island?
This book strives to answer these (and many other) questions. They
are all part of a broader question that we wish to address: how do
differences in economic growth arise?
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