Wealth And Poverty Of Nations

Wealth And Poverty Of Nations

Author: David S. Landes

Publisher: Hachette UK

Published: 2015-04-20

Total Pages: 743

ISBN-13: 0349141444

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The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.


Book Synopsis Wealth And Poverty Of Nations by : David S. Landes

Download or read book Wealth And Poverty Of Nations written by David S. Landes and published by Hachette UK. This book was released on 2015-04-20 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.


The Poverty of Nations

The Poverty of Nations

Author: Barry Asmus

Publisher: Crossway

Published: 2013

Total Pages: 402

ISBN-13: 143353911X

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We can win the fight against global poverty. Combining penetrating economic analysis with insightful theological reflection, this book sketches a comprehensive plan for increasing wealth and protecting stability at a national level.


Book Synopsis The Poverty of Nations by : Barry Asmus

Download or read book The Poverty of Nations written by Barry Asmus and published by Crossway. This book was released on 2013 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: We can win the fight against global poverty. Combining penetrating economic analysis with insightful theological reflection, this book sketches a comprehensive plan for increasing wealth and protecting stability at a national level.


Development Economics

Development Economics

Author: Yujiro Hayami

Publisher: Oxford University Press

Published: 2005-02-03

Total Pages: 449

ISBN-13: 0199272700

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It is 1868, and Carl Erik's family faces starvation in Sweden. As their hopes fade, they must endure a journey over land and sea to reach a better life in a new country thousands of miles away. Book jacket.


Book Synopsis Development Economics by : Yujiro Hayami

Download or read book Development Economics written by Yujiro Hayami and published by Oxford University Press. This book was released on 2005-02-03 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is 1868, and Carl Erik's family faces starvation in Sweden. As their hopes fade, they must endure a journey over land and sea to reach a better life in a new country thousands of miles away. Book jacket.


Why Nations Fail

Why Nations Fail

Author: Daron Acemoglu

Publisher: Currency

Published: 2013-09-17

Total Pages: 546

ISBN-13: 0307719227

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Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.


Book Synopsis Why Nations Fail by : Daron Acemoglu

Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.


The Wealth of the World and the Poverty of Nations

The Wealth of the World and the Poverty of Nations

Author: Daniel Cohen

Publisher: MIT Press

Published: 1998

Total Pages: 168

ISBN-13: 9780262032537

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"Globalization" has become a loaded term. Should we in the West believe, literally, that trade with poor nations can be blamed for our "impoverishment"? In this book, Daniel Cohen claims that there is practically no foundation for such an alarmist position. We need to reverse the commonly held view that globalization has caused today's insecure labor market. On the contrary, Cohen argues, our own propensity for transforming the nature of work has created a niche for globalization and given it an ominous aspect, causing some to reject it. Such errors in analysis must not persist; as Cohen says, the stakes are too high.


Book Synopsis The Wealth of the World and the Poverty of Nations by : Daniel Cohen

Download or read book The Wealth of the World and the Poverty of Nations written by Daniel Cohen and published by MIT Press. This book was released on 1998 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Globalization" has become a loaded term. Should we in the West believe, literally, that trade with poor nations can be blamed for our "impoverishment"? In this book, Daniel Cohen claims that there is practically no foundation for such an alarmist position. We need to reverse the commonly held view that globalization has caused today's insecure labor market. On the contrary, Cohen argues, our own propensity for transforming the nature of work has created a niche for globalization and given it an ominous aspect, causing some to reject it. Such errors in analysis must not persist; as Cohen says, the stakes are too high.


The New Wealth of Nations

The New Wealth of Nations

Author: Surjit S. Bhalla

Publisher: Simon and Schuster

Published: 2017-11-23

Total Pages: 320

ISBN-13: 9386797038

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The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world’s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla’s The New Wealth of Nations offers a short answer—the spread of education. The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. Indeed, this unprecedented development—which creates competition globally and lowers employment costs—is also why world inflation has been low, and declining, for nearly twenty years. Here is a book that breaks new ground. Besides identifying the fallacies in anti-globalization rhetoric—voiced by Brexit and Trump supporters—it points out a major lacuna in current attempts to measure wealth inequality. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, Bhalla emphatically reminds us that education is the new wealth, and is, in fact, currently of a greater magnitude than financial wealth, and much more equally distributed. Even while acknowledging the giant strides made by the developing world, The New Wealth of Nations investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge. * Surjit S. Bhalla has been recently appointed as a member of PM Modi’s Economic Advisory Council, and his new work is a ground-breaking achievement that argues for a new welfare order across nations which is better suited for the constantly transforming time we live in. * Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, noted economist Surjit S. Bhalla establishes in his latest book that education is the new wealth of nations. * This book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. It explores the economic reasons behind the political success of globalization in the Western world till the early 2000s, and now its fall from grace in these same countries as notably evidenced by Brexit and the rise of Donald Trump. * Releasing for authors UK visit in February 2018.


Book Synopsis The New Wealth of Nations by : Surjit S. Bhalla

Download or read book The New Wealth of Nations written by Surjit S. Bhalla and published by Simon and Schuster. This book was released on 2017-11-23 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world’s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla’s The New Wealth of Nations offers a short answer—the spread of education. The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. Indeed, this unprecedented development—which creates competition globally and lowers employment costs—is also why world inflation has been low, and declining, for nearly twenty years. Here is a book that breaks new ground. Besides identifying the fallacies in anti-globalization rhetoric—voiced by Brexit and Trump supporters—it points out a major lacuna in current attempts to measure wealth inequality. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, Bhalla emphatically reminds us that education is the new wealth, and is, in fact, currently of a greater magnitude than financial wealth, and much more equally distributed. Even while acknowledging the giant strides made by the developing world, The New Wealth of Nations investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge. * Surjit S. Bhalla has been recently appointed as a member of PM Modi’s Economic Advisory Council, and his new work is a ground-breaking achievement that argues for a new welfare order across nations which is better suited for the constantly transforming time we live in. * Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, noted economist Surjit S. Bhalla establishes in his latest book that education is the new wealth of nations. * This book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. It explores the economic reasons behind the political success of globalization in the Western world till the early 2000s, and now its fall from grace in these same countries as notably evidenced by Brexit and the rise of Donald Trump. * Releasing for authors UK visit in February 2018.


The Changing Wealth of Nations 2018

The Changing Wealth of Nations 2018

Author: Glenn-Marie Lange

Publisher: World Bank Publications

Published: 2018-01-30

Total Pages: 240

ISBN-13: 1464810478

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Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.


Book Synopsis The Changing Wealth of Nations 2018 by : Glenn-Marie Lange

Download or read book The Changing Wealth of Nations 2018 written by Glenn-Marie Lange and published by World Bank Publications. This book was released on 2018-01-30 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.


The Wealth & Poverty of Regions

The Wealth & Poverty of Regions

Author: Mario Polèse

Publisher: University of Chicago Press

Published: 2010-01-15

Total Pages: 282

ISBN-13: 0226673170

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As the world becomes more interconnected through travel and electronic communication, many believe that physical places will become less important. But as Mario Polèse argues in The Wealth and Poverty of Regions, geography will matter more than ever before in a world where distance is allegedly dead. This provocative book surveys the globe, from London and Cape Town to New York and Beijing, contending that regions rise—or fall—due to their location, not only within nations but also on the world map. Polèse reveals how concentrations of industries and populations in specific locales often result in minor advantages that accumulate over time, resulting in reduced prices, improved transportation networks, increased diversity, and not least of all, “buzz”—the excitement and vitality that attracts ambitious people. The Wealth and Poverty of Regions maps out how a heady mix of size, infrastructure, proximity, and cost will determine which urban centers become the thriving metropolises of the future, and which become the deserted cities of the past. Engagingly written, the book provides insight to the past, present, and future of regions.


Book Synopsis The Wealth & Poverty of Regions by : Mario Polèse

Download or read book The Wealth & Poverty of Regions written by Mario Polèse and published by University of Chicago Press. This book was released on 2010-01-15 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world becomes more interconnected through travel and electronic communication, many believe that physical places will become less important. But as Mario Polèse argues in The Wealth and Poverty of Regions, geography will matter more than ever before in a world where distance is allegedly dead. This provocative book surveys the globe, from London and Cape Town to New York and Beijing, contending that regions rise—or fall—due to their location, not only within nations but also on the world map. Polèse reveals how concentrations of industries and populations in specific locales often result in minor advantages that accumulate over time, resulting in reduced prices, improved transportation networks, increased diversity, and not least of all, “buzz”—the excitement and vitality that attracts ambitious people. The Wealth and Poverty of Regions maps out how a heady mix of size, infrastructure, proximity, and cost will determine which urban centers become the thriving metropolises of the future, and which become the deserted cities of the past. Engagingly written, the book provides insight to the past, present, and future of regions.


Behind the Development Banks

Behind the Development Banks

Author: Sarah Babb

Publisher: University of Chicago Press

Published: 2009-08-01

Total Pages: 331

ISBN-13: 0226033678

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The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.


Book Synopsis Behind the Development Banks by : Sarah Babb

Download or read book Behind the Development Banks written by Sarah Babb and published by University of Chicago Press. This book was released on 2009-08-01 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank and other multilateral development banks (MDBs) carry out their mission to alleviate poverty and promote economic growth based on the advice of professional economists. But as Sarah Babb argues in Behind the Development Banks, these organizations have also been indelibly shaped by Washington politics—particularly by the legislative branch and its power of the purse. Tracing American influence on MDBs over three decades, this volume assesses increased congressional activism and the perpetual “selling” of banks to Congress by the executive branch. Babb contends that congressional reluctance to fund the MDBs has enhanced the influence of the United States on them by making credible America’s threat to abandon the banks if its policy preferences are not followed. At a time when the United States’ role in world affairs is being closely scrutinized, Behind the Development Banks will be necessary reading for anyone interested in how American politics helps determine the fate of developing countries.


The Wealth and Poverty of Cities

The Wealth and Poverty of Cities

Author: Mario Polèse

Publisher: Oxford University Press

Published: 2019-09-02

Total Pages: 337

ISBN-13: 0190053739

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That some cities are vibrant while others are in decline is starkly apparent. In The Wealth and Poverty of Cities, Mario Polèse argues that focusing on city attributes is too narrow. Cities do not control the basic conditions that determine their success or failure as sources of economic growth and well-being. Nations matter because successful metropolitan economies do not spring forth spontaneously. The values, norms, and institutions that shape social relationships are national attributes. The preconditions for the creation of wealth-the rule of law, public education, and sound macroeconomic management among the most fundamental-are the responsibility of the state. By considering national fiscal and monetary policies and state policies governing the organization of cities, this book disentangles two processes: the mechanics of creating wealth and the mechanics of agglomeration or capturing wealth. Polèse explains the two-stage process in which the proper conditions must first be in place for the benefits of agglomeration to fully flower. Polèse interweaves evocative descriptions of various cities, contrasting cities that have been helped or hurt by local and national policies wise or ill-advised. From New York to Vienna, Buenos Aires to Port au Prince, the cities come to life. Throughout the book Polèse highlights four factors that help explain strengths and weaknesses of cities as foci of economic opportunity and social cohesion: institutions, people, centrality, and chance. The result is a nuanced and accessible introduction to the economy of cities and an original perspective on what needs to improve. Cities that have managed to produce livable urban environments for the majority of their citizens mirror the societies that spawned them. Similarly, cities that have failed are almost always signs of more deep-rooted failures. If the nation does not work, neither will its cities.


Book Synopsis The Wealth and Poverty of Cities by : Mario Polèse

Download or read book The Wealth and Poverty of Cities written by Mario Polèse and published by Oxford University Press. This book was released on 2019-09-02 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: That some cities are vibrant while others are in decline is starkly apparent. In The Wealth and Poverty of Cities, Mario Polèse argues that focusing on city attributes is too narrow. Cities do not control the basic conditions that determine their success or failure as sources of economic growth and well-being. Nations matter because successful metropolitan economies do not spring forth spontaneously. The values, norms, and institutions that shape social relationships are national attributes. The preconditions for the creation of wealth-the rule of law, public education, and sound macroeconomic management among the most fundamental-are the responsibility of the state. By considering national fiscal and monetary policies and state policies governing the organization of cities, this book disentangles two processes: the mechanics of creating wealth and the mechanics of agglomeration or capturing wealth. Polèse explains the two-stage process in which the proper conditions must first be in place for the benefits of agglomeration to fully flower. Polèse interweaves evocative descriptions of various cities, contrasting cities that have been helped or hurt by local and national policies wise or ill-advised. From New York to Vienna, Buenos Aires to Port au Prince, the cities come to life. Throughout the book Polèse highlights four factors that help explain strengths and weaknesses of cities as foci of economic opportunity and social cohesion: institutions, people, centrality, and chance. The result is a nuanced and accessible introduction to the economy of cities and an original perspective on what needs to improve. Cities that have managed to produce livable urban environments for the majority of their citizens mirror the societies that spawned them. Similarly, cities that have failed are almost always signs of more deep-rooted failures. If the nation does not work, neither will its cities.