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Human Capital, Trade and Public Policy in Rapidly Growing Economies
argues that only two centuries ago, no society had ever enjoyed
sustained growth in living standards. The contributors to this book
aim to discover why the world today exhibits a predilection for
perpetual self-improvement.In particular, the book focuses on the
forces underlying long-lasting growth in East Asia's Newly
Industrialized Countries (NICs). Drawing from the experiences of
Hong Kong, South Korea, Singapore and Taiwan, it questions whether
public policy can contribute to removing barriers towards
accumulation of wealth, and if so, what development policy should
be put in place to remedy the existing distortions or market
failure problems. Theoretical and empirical analyses are also used
to broach other important issues, such as: Why do some economies
experience growth while others decline? What are the major
determinants of long-term growth and development? Is human capital
the main driving force? Does international trade play a crucial
role? This book will appeal to those with an interest in
development and public policy.
"Intellectual property" - patents and copyrights - have become
controversial. We witness teenagers being sued for "pirating" music
- and we observe AIDS patients in Africa dying due to lack of
ability to pay for drugs that are high priced to satisfy patent
holders. Are patents and copyrights essential to thriving creation
and innovation - do we need them so that we all may enjoy fine
music and good health? Across time and space the resounding answer
is: No. So-called intellectual property is in fact an "intellectual
monopoly" that hinders rather than helps the competitive free
market regime that has delivered wealth and innovation to our
doorsteps. This book has broad coverage of both copyrights and
patents and is designed for a general audience, focusing on simple
examples. The authors conclude that the only sensible policy to
follow is to eliminate the patents and copyright systems as they
currently exist.
'Intellectual property' - patents and copyrights - have become
controversial. We witness teenagers being sued for 'pirating' music
- and we observe AIDS patients in Africa dying due to lack of
ability to pay for drugs that are high priced to satisfy patent
holders. Are patents and copyrights essential to thriving creation
and innovation - do we need them so that we all may enjoy fine
music and good health? Across time and space the resounding answer
is: No. So-called intellectual property is in fact an 'intellectual
monopoly' that hinders rather than helps the competitive free
market regime that has delivered wealth and innovation to our
doorsteps. This book has broad coverage of both copyrights and
patents and is designed for a general audience, focusing on simple
examples. The authors conclude that the only sensible policy to
follow is to eliminate the patents and copyright systems as they
currently exist.
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