Beginning in the 1950s, Taiwan rapidly industrialized, becoming a tributary to an increasingly "borderless" East Asian economy. And though President Trump has called for the end of "American carnage"-the loss of U.S. manufacturing jobs-domestic retailers and merchandisers still willingly ship...

A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China's...

Frontmatter -- Contents -- Preface to the Paperback Edition -- Preface -- One. A Giant Historic Mistake? -- Two. Before the Fall -- Three. Greece and the Idolatry of Debt -- Four. Ireland: The Private Is Political -- Five. Europe Digs Deeper -- Six. Righting the Course: From Bail-Out to Bail-In...

Frontmatter -- Contents -- Note on the Paperback Edition -- Introduction -- 1. From the Eighteenth Century to the 1930s: War and Depression -- 2. 1945 to 1975: The Golden Age -- 3. The Legacy of the 1970s: A Crisis of Capitalism -- 4. 1995 to 2005: The New Paradigm -- 5. Our Times: The Great...

Although political and legal institutions are essential to any nation's economic development, the forces that have shaped these institutions are poorly understood. Drawing on rich evidence about the development of the American states from the mid-nineteenth to the late twentieth century, this...

In this book, Nobel Prize-winning economist Edmund Phelps draws on a lifetime of thinking to make a sweeping new argument about what makes nations prosper--and why the sources of that prosperity are under threat today. Why did prosperity explode in some nations between the 1820s and 1960s,...

Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education,...

Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists...