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The Elusive Quest for Growth : Economists' Adventures and Misadventures in the Tropics - William R. Easterly

The Elusive Quest for Growth

Economists' Adventures and Misadventures in the Tropics


Published: 8th August 2002
For Ages: 18+ years old
Ships: 7 to 10 business days
7 to 10 business days
RRP $68.00

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.In this book Easterly shows how these solutions all violate the basic principle of economics, that people--private individuals and businesses, government officials, even aid donors--respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

It is impossible to convey the depth and range of TheElusive Quest for Growth.-Bruce Bartlett, The Wall Street Journal

Acknowledgmentsp. ix
Prologue: The Questp. xi
Why Growth Mattersp. 1
To Help the Poorp. 5
Intermezzo: In Search of a Riverp. 16
Panaceas That Failedp. 21
Aid for Investmentp. 25
Intermezzo: Parmilap. 45
Solow's Surprise: Investment Is Not the Key to Growthp. 47
Intermezzo: Dry Cornstalksp. 70
Educated for What?p. 71
Intermezzo: Without a Refugep. 85
Cash for Condoms?p. 87
Intermezzo: Tomb Paintingsp. 99
The Loans That Were, the Growth That Wasn'tp. 101
Intermezzo: Leila's Storyp. 121
Forgive Us Our Debtsp. 123
Intermezzo: Cardboard Housep. 138
People Respond to Incentivesp. 141
Tales of Increasing Returns: Leaks, Matches, and Trapsp. 145
Intermezzo: War and Memoryp. 170
Creative Destruction: The Power of Technologyp. 171
Intermezzo: Accident in Jamaicap. 193
Under an Evil Starp. 195
Intermezzo: Favela Lifep. 215
Governments Can Kill Growthp. 217
Intermezzo: Florence and Veronicap. 240
Corruption and Growthp. 241
Intermezzo: Discrimination in Palanpurp. 253
Polarized Peoplesp. 255
Intermezzo: Violent for Centuriesp. 282
Conclusion: The View from Lahorep. 285
Notesp. 293
References and Further Readingp. 313
Indexp. 335
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780262550420
ISBN-10: 0262550423
Series: The MIT Press
Audience: Professional
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 360
Published: 8th August 2002
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 15.4 x 22.6  x 2.0
Weight (kg): 0.49