Social capability and long-term economic growth /
What accounts for the varying long-term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together t...
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| Other Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
London : New York :
Macmillan ; St. Martin's Press,
c1995.
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| Subjects: | |
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| Summary: | What accounts for the varying long-term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to manage human resources efficiently is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies. |
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| Physical Description: | x, 356 p. ; 23 cm. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0333617401 (Macmillan) 0312124384 (St Martins) |