| |
Puzzles of Economic Growth takes case studies from around the globe to investigate countries that over the past few decades, share many geographic characteristics, but differ significantly in terms of financial stability.
Digging deep into seemingly similar countries can unveil striking differences on the topic of economic growth: Why is Mexico today much poorer than Spain after having been wealthier up to the 1960s? Why is New Zealand, a paragon of free market, dwarfed economically by Australia? How did Austria manage, with its persistently oversized state enterprise sector, to nearly surpass Switzerland? And what has happened to Costa Rica, now lagging behind Puerto Rico, even though the U.S. territory’s development had for years slowed down to a crawl? Why has “communist” China surpassed “capitalist” India? Why has Pakistan’s growth trailed behind Indonesia, in spite of the latter suffering one of the worst crises in world economic history? Why, even before the 2010 earthquake, has the Dominican Republic been visited by more tourists than Haiti, despite being situated on the same island?
These paradoxes are all part of a broader question that this volume wishes to address: How do differences in economic growth arise? By examining comparable countries, we try to answer this puzzling question which is crucial for any nation’s stable, long-term economic growth.
Contents:
Preface • Abbreviations
Chapter 1: The Significance of Economic Growth - Leszek Balcerowicz and Andrzej Rzonca
Long-Term Growth • Shocks and Periods of Relatively Stable Growth • A Brief History of Economic Research • Research Methods Applied in This Volume • Conceptual and Analytical Framework • Notes • Bibliography
Chapter 2: Institutional Systems and Economic Growth - Leszek Balcerowicz and Andrzej Rzonca
Innovation-Based Growth and Special Growth Mechanisms • Determinants of Individual Choice • Institutional Systems and Individual Decisions • Information Barriers to Innovation-Based Economic Growth • Institutional Barriers • Cases of Accelerated Economic Growth • Successful Reform Packages • Summary • Notes • Bibliography
Chapter 3: How Did Australia Get Ahead of New Zealand? - Jakub Szeliga
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography
Chapter 4: How Did Austria (Nearly) Catch Up with Switzerland? - Marcin Holda
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography • Websites
Chapter 5: Why Did the Economic Growth Paths of Estonia and Slovenia Diverge? - Pawel Cwalina
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography • Websites
Chapter 6: Why Is Mexico Poorer Than Spain? - Anna Kurowska
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography • Bibliography
Chapter 7: Why Has Republica Bolivariana de Venezuela’s Economy Stagnated and Chile’s Flourished? - Agnieszka Lyniewska
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography
Chapter 8: Why Is Costa Rica Lagging Behind Puerto Rico? - Kamil Czop
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography
Chapter 9: Why Is Haiti Poorer Than the Dominican Republic? - Aleksander Laszele
The Pace of Economic Growth • Differences in Economic Performance: Factors and Causes • Political Stability, Internal Security, and Property Rights • Openness • Inflow of Foreign Funds • Summary and Conclusions • Notes • Bibliography
Chapter 10: How Has China Outpaced India? - PawelKozub
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography
Chapter 11: Why Has Pakistan Developed More Slowly Than Indonesia? - Filip Berkowski
Differences in Economic Performance: Factors and Causes • Summary and Conclusions • Notes • Bibliography
Chapter 12: Conclusions - Leszek Balcerowicz and Andrzej Rzonca
Notes
ISBN - 9781464803253
|
| |
Pages : 352
|