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The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics

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Synopses & Reviews

Publisher 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 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:

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.

About the Author

William Easterly is Senior Fellow at the Center for Global Development and the Institute for International Economics in Washington, DC.

Product Details

ISBN:
9780262050654
Subtitle:
Economists' Adventures and Misadventures in the Tropics
Author:
Easterly, William
Author:
Easterly, William R.
Publisher:
The MIT Press
Location:
Cambridge, Mass.
Subject:
Economics
Subject:
Economic Development
Subject:
Developing countries
Subject:
Poverty
Subject:
Poor
Subject:
Development - Economic Development
Subject:
Economics - General
Copyright:
Edition Description:
Includes bibliographical references and index.
Series Volume:
199
Publication Date:
20010701
Binding:
Hardback
Grade Level:
General/trade
Language:
English
Illustrations:
4
Pages:
356
Dimensions:
9 x 6 in

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Related Subjects

History and Social Science » Economics » General
History and Social Science » Economics » Global Economics

The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics Used Hardcover
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Product details 356 pages MIT Press - English 9780262050654 Reviews:
"Synopsis" by , Why economists' attempts to help poorer countries improve their economic well-being have failed.
"Synopsis" by , 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.
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