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A third edition of The Stages of Economic Growth brings this classic work up to date with current economic and political changes. In a new preface and appendix, Professor Rostow extends his analysis to include recent economic and political developments as well as the advances in theory concerning nonlinear and chaotic phenomena. For those coming to his work for the first time, the original text and the introductions and appendices from earlier editions are included. This volume will not only be of interest to those concerned with the theory of economic growth, but also to students of policy since the 1960s. In the text Professor Rostow gives an account of economic growth based on a dynamic theory of production and interpreted in terms of actual societies. Five basic stages of economic growth are distinguished with detailed discussions of each stage including illustrative examples. He also applies the concept of stages of growth to an examination of the problems of military aggression and the nuclear arms race. The final chapter includes a comparison of his non-communist manifesto with Marxist theory. Materials from the second edition include an appendix in which he responds to some of his critics.

Transition in Central and Eastern Europe, as Blanchard points out, has adhered to a U-shaped response in terms of economic output--that is, a sharp decline in output followed by a recovery. Today, most of the countries of Central Europe seem to have enjoyed a steady upswing, while most Eastern European nations still appear to be near the bottom of the U. This book traces the courses, causes, and implications of this pattern, arguing that two basic mechanisms dominate such transition. The first is the reallocation between the state and private sectors, with a contraction of activities in the former and an expansion in the latter. The second is the restructuring of the old state sector, with the opportunity for large improvements in productivity. Against this background, the book's focus shifts to three particular factors: the adjustment of employment and wages in state firms to the initial shock of reduced demand for their goods; the dynamics of restructuring and privatization; and the relationship between reallocation, restructuring, and traffic in the labor market. The final section summarizes the discussion, and in doing so builds a general equilibrium model as a preliminary to the analysis of three sets of issues: the role of unemployment benefits and privatization `ules; the interaction between transition and fiscal policy; and the evolution of the support for reform. The model is then used to address the thorny issue of the ideal speed for economic reform. The latest offering from a distinguished expert on the economics of transition, this is one of the first book-length analyses of the process of moving from a centrally-planned to a market economy.

Transition in Central and Eastern Europe, as Blanchard points out, has adhered to a U-shaped response in terms of economic output--that is, a sharp decline in output followed by a recovery. Today, most of the countries of Central Europe seem to have enjoyed a steady upswing, while most Eastern European nations still appear to be near the bottom of the U. This book traces the courses, causes, and implications of this pattern, arguing that two basic mechanisms dominate such transition. The first is the reallocation between the state and private sectors, with a contraction of activities in the former and an expansion in the latter. The second is the restructuring of the old state sector, with the opportunity for large improvements in productivity. Against this background, the book's focus shifts to three particular factors: the adjustment of employment and wages in state firms to the initial shock of reduced demand for their goods; the dynamics of restructuring and privatization; and the relationship between reallocation, restructuring, and traffic in the labor market. The final section summarizes the discussion, and in doing so builds a general equilibrium model as a preliminary to the analysis of three sets of issues: the role of unemployment benefits and privatization `ules; the interaction between transition and fiscal policy; and the evolution of the support for reform. The model is then used to address the thorny issue of the ideal speed for economic reform. The latest offering from a distinguished expert on the economics of transition, this is one of the first book-length analyses of the process of moving from a centrally-planned to a market economy.

Based in part on the author's own interviews with Yugoslav leaders, this book explores the extent of the economic inequalities as well as the effects of the leadership's failure to acknowledge and address the problems with a coherent strategy for regional development.

After describing the 5 stages of economic growth the author compares and contrasts the progress of the USA and the USSR through these stages

The authors of this book challenge prevailing ideas about free markets and globalization. They question whether globalization is a technological reality that cannot be stopped and ask if the US economy really outperformed its competitors in the 1990s. They show how in each key area--trade and industrial policy, privatization, intellectual property rights, investment and financial policies, exchange rate and currency policy, labour and social welfare --there are alternatives to neoliberal policies that the historical experience of particular countries prove really works.

A new approach to rural development is emerging. Instead of being about attracting companies that might create jobs over which communities have no control, the emerging paradigm is about connecting the unique underutilized assets of place with market opportunity to grow assets that are owned and controlled by and for the benefit of low-wealth people and places. But asset development is about more than bricks and mortar or narrowly defined financial assets. There are many kinds of assets that communities require to thrive – such as social capital, natural capital, political capital, and intellectual capital. The emerging new approach to rural development is, then about broadening the definition of "wealth," engaging underutilized assets, and a key third element: harnessing the power of the market – rather than relying solely on philanthropy and government. Wealth Creation provides a conceptual guide with practical examples for policymakers, practitioners of economic and community development, community organizers, environmentalists, funders, investors, and corporations seeking a values-based framework for identifying self-interests across sectors that can lead to opportunities to transform existing systems for the collective good.

Many social scientists have explored the economic success of Korea, Taiwan, and Japan, each of which has experienced dramatic economic growth over a relatively short period of time. M. Shahid Alam presents a controversial thesis by emphasizing the interventionist character of the export-oriented approach to the success of these three countries. Concern with the rapid development of comparative advantage in the industries they have promoted has, he believes, distinguished these three economies. This concern has led to both market and non-market interventions with the trade regime, capital markets, market structures, etc. The book explores how Taiwan and Korea changed from import substitution to the export-oriented approach with significant success. The point is made that export-oriented economies make more demands on the government, so that success in different countries cannot be assured.The book begins with an examination of export-oriented economies and the reasons for their success. Three separate chapters follow detailing the structure, choice and implementation of economic policies in South Korea, Taiwan, and Japan. Finally, the book assesses export-oriented strategies and their application to other countries. Students and scholars of economics, business, and political science, will find this thought provoking book a source of stimulating ideas. In addition, the book has the potential for being used as a text for graduate and advanced undergraduate courses on East Asian economics and comparative economic development.

Unread book in perfect condition.

Religious NGOs are important sources of humanitarian aid in Africa, entering where the welfare programs of weakened states fail to provide basic services. As collaborators and critics of African states, religious NGOs occupy an important structural and ideological position. They also, however, illustrate a key irony―how economic development, a symbol of science, progress, and this-worldly material improvement, borrows heavily from other-worldly faith. Through a study of two transnational NGOs in Zimbabwe, this book offers a nuanced depiction of development as both liberatory and limiting. Humanitarian effort is not a hopeless task, but behind the liberatory potential of Christian development lurks the sad irony that change can bring its own disappointments. While rapt attention has been given to the supposed role of NGOs in democratizing Africa, few studies engage with the ground operations. Questioning the assumption that economic development is a move away from religious mysticism toward the scientific promise of progress, the author offers a remarkable account of development that is neither defeatist nor comforting.

Why does capital formation often fail to occur in developing countries? Capital and Collusion explores the political incentives that either foster growth or steal nations' growth prospects. Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between a poor nation's savings and its investment. As a consequence, the developing world faces a growing disconnect between the value of its resources and the availability of finance. What are the remedies for eliminating this disparity? Root shows us how to close the growing wealth gap among nations by building institutions that convert uncertainty into risk. Comparing China to India, Latin America to East Asia, and contemporary to historical cases, he offers lessons that can help the World Bank and the International Monetary Fund to tackle the political incentives that are the source of poor governance in developing nations.

Good condition. A copy that has been read but remains intact. May contain markings such as bookplates, stamps, limited notes and highlighting, or a few light stains.

THIS is the second volume of an empirical study of the relationship between Western technology and entrepreneurship and the economic growth of the Soviet Union. The continuing transfer of skills and technology to the Soviet Union through the medium of foreign firms and engineers in the period 1930 to 1945 can only be characterized as extraordinary. A thorough and systematic search unearthed only two major items—SK-B synthetic rubber and the Ramzin ‘once-through’ boiler—and little more than a handful of lesser designs (several aircraft, a machine gun, and a motorless combine) which could accurately be called the result of Soviet technology; the balance was transferred from the West.  

In the late nineteenth century, public officials throughout the United States began to experiment with new methods of managing their local economies and meeting the infrastructure needs of a newly urban, industrial nation. Stymied by legal and financial barriers, they created a new class of quasi-public agencies called public authorities. Today these entities operate at all levels of government, and range from tiny operations like the Springfield Parking Authority in Massachusetts, which runs thirteen parking lots and garages, to mammoth enterprises like the Tennessee Valley Authority, with nearly twelve billion dollars in revenues each year. In The Rise of the Public Authority, Gail Radford recounts the history of these inscrutable agencies, examining how and why they were established, the varied forms they have taken, and how these pervasive but elusive mechanisms have molded our economy and politics over the past hundred years.

This book brings together leading experts to examine the evolving nature of tax increment financing (TIF), the most widely used tool of local economic and community development. Originally designed as an innovative approach to the redevelopment of blighted areas, it has become a more general-purpose tool of economic and community development. Contributors offer case studies of the uses, structures, and impacts of TIF projects alongside more general discussions on the theoretical, financial, and legal bases for the use of TIF. They also explore its effect on overlapping jurisdictions such as cities, counties, and school districts. Some of the case studies capture TIF at its best--redeveloping areas that would likely never develop without substantial incentives. Other cases highlight questionable uses, especially where it has been used in new ways that those who developed the tool never envisioned. Originally published in 2001, the book was called "...a major contribution to the debate on the efficacy of such economic development financing tools as TIF..." by the journal Public Budgeting & Finance. Clear, comprehensive, and timely, this new edition features the latest research and thinking on TIF, including the political, legal, and even ethical issues surrounding its use.

Polly Hill's provocative book examines the disastrous gulf that separates development economics from its sister discipline, economic anthropology. Working with material from the rural tropical world, much of it collected at first hand in West Africa and South India, Dr Hill demonstrates in the first, polemical part of her book, how unreliable and western-biased assumptions most development economists base their theoretical work. She shows in particular that misleading official statistics are handled uncritically, that the significance of innate rural inequality is consistently ignored and the revered concepts such as the 'population explosion' are in anthropological terms largely meaningless. The longer, second part of the book illustrates the enormous relevance and potential of economic anthropology for economists by looking in turn at the true complexity of farming households, labour and inheritance; at debt, social stratification and economic inequality, and at problems connected with the sale of land, the role of women and migration. Taken overall, Development Economics on Trial represents a powerful and urgent plea for co-operation.

Major League Winners: Using Sports and Cultural Centers as Tools for Economic Development chronicles the challenges overcome by civic leaders who are using the development of sports and cultural venues to help create diversified, vibrant, and attractive economic bases within their communities. Drawing on his 30 years of involvement with such projects, Mark Rosentraub presents case studies that demonstrate the innovative private-public partnerships needed to create win-win scenarios. These include how: Indianapolis and Cleveland now boast new images as well as new downtowns thanks to innovative sports and cultural venues San Diego continues to revitalize itself through partnerships of shared risk and returns L.A.’s resurgence makes the most of its location and its glitz Columbus and Reading are proof that even midsized and smaller cities can leverage sports enthusiasm A decade ago in Major League Losers: The Real Cost of Sports and Who’s Paying for It, Dr. Rosentraub educated us about the insidious nature of the great sports welfare machine. Now, he shows us that those lessons are well-learned. While no urban center will weather this current economic crisis unscathed, the areas that will suffer least and recover fastest are those that are attracting and retaining significant concentrations of diversely skilled human capital. Rather than just provide us with a brief escape from our problems, with the right leadership, sports and entertainment can create opportunities for our cities to reinvent and reinvigorate themselves.

In April 1992, the world witnessed a renewal in South Central Los Angeles of the urban violence that exploded over a quarter of a century earlier. As in 1965, the spark that ignited the firestorm was Black rage over police brutality. But in both eras the tinder was prepared by decades of social neglect and political disenfranchisement that have left the predominantly non-white urban poor trapped and virtually without hope.Race, Politics, and Economic Development strips away the veneer of mass-media images to examine the underlying causes of Black urban poverty and to recommend means to escape the seemingly endless cycle of retributive violence that it spawns. The book brings together Black activists and scholars, including two former mayors of American cities, to analyse the theoretical and practical problems currently facing the Black community in the United States. The essays collected here are dominated by three key themes: that political influence, power, and wealth are major factors in determining social welfare policies directed at Blacks, the poor and the working class; that both liberal and conservative policies over the last fifty years are no longer effective in alleviating a growing human service crisis among Blacks; and that the political mobilization of impoverished sectors of the Black community is absolutely critical in resolving the problem of poverty in urban America.Drawing on new work in the social sciences, political theory, and economics, and also on the contributors’ activist experiences, these essays represent a pathbreaking new agenda for the participation of grassroots Black leaders in developing and implementing urban policy.Contributors: Jeremiah Cotton, Julianne Malveaux, Mack H. Jones, Charles P. Henry, Walter Stafford, William Fletcher Jr., Eugene Newport, Sheila Ards, Jacqueline Pope, Keith Jennings, Lloyd Hogan, Richard Hatcher.

Why do governments turn to the International Monetary Fund (IMF) and with what effects? In this book, James Vreeland examines this question by analyzing cross-national time-series data from throughout the world. Vreeland argues that governments enter into IMF programs for economic and political reasons, and he finds that the programs hurt economic growth and redistribute income upward. By bringing in the IMF, governments gain political leverage - via conditionality - to push through unpopular policies. For certain constituencies, these policies dampen the effects of bad economic performance by redistributing income. But IMF programs doubly hurt others who are less well off: They lower growth and exacerbate income inequality.

An outstanding U.S. air commander in World War I, General William Mitchell was the first serious proponent of an independent U.S. air force and a unified defense department. His staunch and relentless advocacy of air power, however, was accompanied by outspoken public attacks against the War and Navy departments, for which he was court-martialed in 1925. Mitchell's theories of American air power, nevertheless, were sound; and eventually many of his proposals and prophecies?including strategic bombardment, mass airborne operations, and the eclipse of the battleship by the airplane?were demonstrated in World War II.In this book, first published in 1925, Mitchell speaks of America's present and future role in the air. Compiled from Congressional records, articles in public journals, and personal experience, Winged Defense outlines the importance of air power in military and commercial terms, discusses U.S. aeronautical leadership, the dominance of aircraft over naval vessels and the organization of an air force, the importance of establishing an air defense system, the effect of air power on modifying and limiting international armaments, defensive measures against aircraft, and many other topics. Supplemented with rare vintage photographs, the book is a clearly written testament by one of the twentieth century's most farsighted and influential military leaders.