Capital and Collusion

The Political Logic of Global Economic Development

Автор: Hilton L. Root

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Корици: С твърди корици

Издател: Princeton University Press

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Why does capital formation often fail to occur in developing countries? "Capital and Collusion" expl...

Информация за книгата

Автор

Hilton L. Root

Език

Английски език

Корици

Книга - С твърди корици

Издадена

2005

страници

352

EAN

9780691124070

ISBN

0691124078

Enbook ID

04641063

Издател

Princeton University Press

Теглоt

730

Размери

244 x 167 x 32

Пълно описание

Why does capital formation often fail to occur in developing countries? "Capital and Collusion" explores the political incentives that either foster growth or steal nations' growth prospects. Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between a poor nation's savings and its investment. As a consequence, the developing world faces a growing disconnect between the value of its resources and the availability of finance. What are the remedies for eliminating this disparity? Root shows us how to close the growing wealth gap among nations by building institutions that convert uncertainty into risk. Comparing China to India, Latin America to East Asia, and contemporary to historical cases, he offers lessons that can help the World Bank and the International Monetary Fund to tackle the political incentives that are the source of poor governance in developing nations.

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Capital and Collusion

The Political Logic of Global Economic Development

Информация за книгата

Пълно описание

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Клиенти, които купиха тази книга, купиха също