Human Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement. In...

1. Introduction, themes and structure of the book -- 2. Foundations for growth -- 3. The growth experience -- 4. Structural change -- 5. Monetary, financial and fiscal aspects -- 6. Development indicators and welfare -- 7. Trade, trade policy and growth -- 8. International finance and growth --...

The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions,...

The record of global economic development analyses the long-term and current economic forces which promote or impede globalisation, drawing on the experience of economic history to help interpret major trends in modern economies