Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development (BOK)

Benjamin Powell

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Why do some nations become rich while others remain poor? Traditional mainstream economic growth theory has done little to answer this question - during most of the twentieth century the theory focused on models that assumed growth was a simple function of labor, capital, and technology. Through a collection of case studies from Asia and Africa to Latin America and Europe, "Making Poor Nations Rich" argues for examining the critical role entrepreneurs and the institutional environment of private property rights and economic freedom play in economic development. "Making Poor Nations Rich" begins by explaining how entrepreneurs create economic growth and why some institutional environments encourage more productive entrepreneurship than others. The volume then addresses countries and regions that have failed to develop because of barriers to entrepreneurship. Finally, the authors turn to countries that have developed by reforming their institutional environment to protect private property rights and grant greater levels of economic freedom. The overall lesson from this volume is clear: pro-market reforms are essential to promoting the productive entrepreneurship that leads to economic growth. In countries where this institutional environment is lacking, sustained economic development will remain illusive.


Språk Engelsk Engelsk Innbinding Heftet
Utgitt 2007 Forfatter Benjamin Powell
ISBN 9780804757324
Antall sider 440 Dimensjoner 16,1cm x 22,8cm x 2,5cm
Vekt 626 gram Leverandør Bertram Trading Ltd
Emner og form Development economics & emerging economies

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