Synopses & Reviews
This book explores why different patterns of economic development and growth have been observed across different regions and over time. Drawing on the contributions of outstanding scholars in comparative and historical institutional analysis, this volume presents the roles of political institutions, social organizations and norms, culture, and policy in economic development and societal evolution. The contributors include, besides the editors, G. Austin, A. Greif, D. Ma, T. Khanna, J.L. Rosenthal, C.H. Shiue, J. Svenjinar, P. Temmin, R.B. Wong, and others. The volume provides a valuable resource for general readers, academics, and policymakers with an interest in the future of the evolving world economy.
This collection of essays from eminent scholars discusses different phases and measures of economic development, evaluating the success of national economic transitions and providing valuable policy lessons for developing economies.
About the Author
MASAHIKO AOKI is a professor of Economics at Stanford University.
TIMUR KURAN is a professor of Economics at Duke University.
GÉRARD ROLAND is a professor of Economics and Political Science, University of California at Berkeley.
Table of Contents
PART I: PRESIDENTIAL LECTURE
The Five Phases of Economic Development and Institutional Evolution in China, Japan and Korea; M.Aoki
PART II: COMPARATIVE ANALYSIS
Social Organizations, Risk Sharing Institutions and Economic Development; A.Greif, M.Iyugun & D.Sasson
Before and Beyond Divergence: A New Look at the Economic History of China and Europe; J.Rosenthal & R.Wong
Why Development Patterns Differ; The Czech and Serbian Cases Compared; J.Svejnar & M.Uvalic
PART III: ECONOMIC DEVELOPMENT: FINANCE, TRADE AND MIGRATION
Sharing the Future: Financial Innovation and Innovators in Solving the Political Economic Challenges of Development; S.Jha
The Evolution of Domestic Trade Flows When Foreign Trade is Liberalized: Evidence from the Chinese Maritime Customs Services; W.Keller, B.Li & C.Shuie
Physical, Social and Informational Barriers to Domestic Migration; P.Choudhury & T.Khanna
PART IV: ECONOMIC DEVELOPMENT AND POLITICAL INSTITUTIONS
Political Consequence of the Middle East's Islamic Economic Legacy; T.Kuran
Separation of Powers and the Medieval Roots of Institutional Divergence between Europe and the Islamic Middle East; E.Chaney
Political Institution and Long Run Economic Trajectory: Some Lessons from Two Millenia of Chinese Civilization; D.Ma
PART V: ECONOMIC DEVELOPMENT AND CULTURE
Understanding the Individualism-Collectivism Cleavage and its Effects: Lessons from Cultural Psychology; Y.Gorodnichenko & G.Roland
Developmental "Paths" and "Civilizations" in Africa and Asia: Reflections on Strategies for Integrating Cultural and Material Explanations of Differential Long-Term Economic Performance; G.Austin
Making Sense of Institutional Change in China: The Cultural Dimension of Economic Development and Modernization; C.H.Pillath
PART VI: CHALLENGES OF FOOD SECURITY UNDER GLOBALIZATION
Supply Responses to Food Price Changes in Asian Countries; K.Imai, R.Gaiha, G.Thapa & A.All
Structural Transformation, Small Farmers and Food Security in Asia; C.Timmer
Food Security, Commodity Price Volatility and the Poor; J.von Braun & G.Tadesse