Why is natural resource exploitation not yielding greater benefits for the poor economies? In this second edition of his landmark book, Barbier explores this paradox in three parts. Part I gives a historical review of resource use and development, examining current theories that explain the...

The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of...

Intro -- Series Foreword -- Preface -- I Institutions and Economic Performance -- 1 On Institutions and Growth -- 2 Financial Institutional Reform, Growth, and Equality -- 3 How Do Institutions Lead Some Countries to Produce So Much More Output per Worker than Others? -- 4 Regulation and...

Intro -- Preface -- Introduction -- 1 Europe and the United States: Two Different Social Models -- 2 Handling a Multiethnic Society -- 3 Americans at Work, Europeans on Holiday -- 4 Job Security, Job Regulations, and 14 Million Unemployed -- 5 Technology, Research, and Universities -- 6...

A group of prominent international economists consider what makes for successful convergence--what policies and economic conditions help poor countries catch up to the living standards of rich countries.

Intro -- Contents -- Acknowledgments -- Preface to the Paperback Edition -- Prologue: The Quest -- I - Why Growth Matters -- 1 - To Help the Poor -- Intermezzo: In Search of a River -- II - Panaceas That Failed -- 2 - Aid for Investment -- Intermezzo: Parmila -- 3 - Solow's Surprise: Investment...

Intro -- Contents -- Contributors -- Acknowledgments -- Introduction -- I Monetary and Exchange Rate Policy in Theory -- 1 Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate -- 2 Optimal Exchange RateRegimes: Turning Mundell-Fleming's Dictum on Its Head -- 3 Monetary Policy Rules,...

Intro -- CHINA'S ECONOMIC POLICY IMPACT ON THE UNITED STATES -- CHINA'S ECONOMIC POLICY IMPACT ON THE UNITED STATES -- CONTENTS -- PREFACE -- Chapter 1 CHINA'S GROWING DEMAND FOR OIL AND ITS IMPACT ON U.S. PETROLEUM MARKETS* -- REASONS FOR CHINA'S GROWING DEMAND FOR PETROLEUM -- TWO SCENARIOS OF...

Purpose The paper aims to investigate the relationship between institutions and economic growth in developing countries, considering the role of financial inclusion, education spending and military spending. Design/methodology/approach The study employs dynamic panel analysis, specifically...

Although it is often argued that wealth inequality matters more for economic growth than income inequality, this relationship has rarely been studied empirically, with a few exceptions covering a very restricted country sample or short timeframe. Leveraging hitherto unexploited wealth inequality...