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This important book uses the most recent advancements in growth
theory and case studies to examine the status of economic and
political development at the turn of the 20th century. The book
first provides an overview of the process of economic development
in light of endogenous growth theory. The authors then explore the
sources of economic development in East Asian countries, including
the role of capital accumulation, international trade, pre-takeoff
conditions and intersectoral relations. Pre war Japan is used as a
case study to examine the role of industrial structure in
accelerating economic development. The contributors then discuss
the implications of economic development for income distribution in
labor-absorbing economies and newly industrialized countries as
well as examining household income distribution in Taiwan.
Inequality is analyzed in the context of a developing country
experiencing hyper-inflation. The influence of institutions, such
as the Bretton Woods system, on developing countries' growth
potential is also examined and case studies of Kenya, Uganda, and
Sri Lanka are used to explore the role of politics and conflict in
the process of economic development. The Political Economy of
Comparative Development into the 21st Century will be essential
reading for scholars of the economics and politics of development.
Over the past four decades, Taiwan has achieved remarkable economic
growth. In this important book, a distinguished group of
contributors employs a comparative perspective to explore the
reasons behind and the lessons to be learned from Taiwan's success.
Included in the analysis is an insight into the strategy for
economic development, the effectiveness of import substitution and
the influence of foreign firms in Taiwan's development. The
contributors also analyze the implications of development for
income distribution and assess the effect of economic growth on
inequality, female labor force participation and income mobility.
The possibilities for a more even income distribution are then
examined within the context of technological progress and a better
education system. Finally, the authors explore the institutional
foundation for industrialisation and the relationship between
democratization and economic development in order to help explain
Taiwan's extraordinary achievement. This book will be of great
interest to scholars of Asian studies, development studies and
international economics.
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