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More copies of this ISBN:This title in other formats:The Elusive Quest for Growthby William Easterly
Synopses & ReviewsPublisher Comments:Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work. In this book Easterly shows how these solutions all violate the basic principle of economics, that peopleandmdash;private individuals and businesses, government officials, even aid donorsandmdash;respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank. Review:andquot;A highly readable and iconoclastic treatment of the determinants of economic growth.andquot; andmdash; Richard N. Cooper, Foreign Affairs Review:andquot;It is impossible to convey the depth and range of The Elusive Quest for Growth.andquot; andmdash; Bruce Bartlett, Wall Street Journal Synopsis:Why economists' attempts to help poorer countries improve their economic well-being have failed. Synopsis:In this book Easterly shows how these solutions all violate the basic principle of economics, that people--private individuals and businesses, government officials, even aid donors--respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank. Synopsis:Includes bibliographical references and index.
About the AuthorWilliam Easterly is Senior Fellow at the Center for Global Development and the Institute for International Economics in Washington, DC. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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