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The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics
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The problem is not the failure of economics, but the failure to apply economic principles to practical policy work.
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- Why economists' attempts to help poorer countries improve their economic well-being have failed.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.
| Publisher | The MIT Press |
| Publication date | August 8, 2002 |
| Edition | Revised ed. |
| Language | English |
| Print length | 356 pages |
| ISBN-10 | 9780262550420 |
| ISBN-13 | 978-0262550420 |
| Item Weight | 1.05 pounds (480 grams) |
| Dimensions | 6.06 x 0.78 x 9 inches (15.4 x 2 x 22.9 cm) |
Who Should Buy?
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Economics Students
Students seeking insights into economic theories and real-world applications will find this book intellectually stimulating and informative.
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Development Researchers
Researchers focusing on economic growth in tropical regions will benefit from the case studies and analyses presented in this book.
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Policy Makers
Policy makers looking for lessons from past experiences to inform future economic policies in developing countries will find this useful.
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Casual Readers
General readers looking for light entertainment or easy reading may find the book's content overly complex and dense.
DESCRIPCIÓN DEL PRODUCTO
Preguntas y respuestas de los clientes
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Pregunta:
What is the main theme of The Elusive Quest for Growth?
Respuesta: The Elusive Quest for Growth explores the challenges and complexities that economies face in their pursuit of growth, particularly in tropical regions. It delves into the misadventures and successes of various economic strategies implemented worldwide. The book highlights how different policies impact development and brings awareness to the nuanced journey that economists navigate. Readers gain insights into real-world examples of growth strategies, making it essential for students and professionals in economics, international development, and public policy. -
Pregunta:
Who is the author of The Elusive Quest for Growth?
Respuesta: The Elusive Quest for Growth is authored by William Easterly, a renowned economist who has specialized in development economics. His work critically analyzes the effectiveness of international aid and economic policies in fostering sustainable growth. Easterly's unique perspective as both a practitioner and an academic lends credibility and depth to the narrative, making the book a thought-provoking read for anyone interested in understanding economic growth paradigms and their implications. -
Pregunta:
What can readers expect to learn from this book?
Respuesta: Readers can expect to learn about the critical factors influencing economic growth, particularly in developing nations. The book discusses various growth theories and the practical implications of policies implemented in the tropics. It also showcases real-life case studies, illustrating what has or hasn't worked in different economies. Furthermore, it encourages readers to rethink conventional wisdom in development economics, prompting them to consider alternative approaches for fostering growth in challenging environments. -
Pregunta:
Is The Elusive Quest for Growth relevant for modern economic discussions?
Respuesta: Yes, The Elusive Quest for Growth remains relevant to current economic discussions, especially in the context of ongoing Dominican Republic challenges like poverty, inequality, and sustainable development. The insights provided in the book can inform contemporary debates around economic interventions and their effectiveness. By analyzing past missteps and successes, the book serves as a guide for policymakers, economists, and students, offering timeless lessons that can be applied in today's dynamic economic landscape. -
Pregunta:
Who should read The Elusive Quest for Growth?
Respuesta: This book is an excellent read for students, policymakers, and professionals interested in economics, international development, or public policy. It is particularly beneficial for individuals seeking to understand the complexities of fostering economic growth in challenging environments. Academics can utilize the book for course material, while policymakers can gain insights that can inform their practices. Furthermore, general readers interested in economic narratives will find the author's style engaging and informative. -
Pregunta:
What is the significance of the title, The Elusive Quest for Growth?
Respuesta: The title, The Elusive Quest for Growth, reflects the ongoing search for strategies and solutions to stimulate economic growth, especially in less developed regions. 'Elusive' suggests the difficulty and unpredictability associated with achieving sustainable growth. The book navigates this intricate terrain, discussing how various policies either succeed or fail, thereby symbolizing the challenges faced by economists and policymakers alike. This concept becomes central in understanding development economics and the lessons drawn from historical attempts. -
Pregunta:
What format is The Elusive Quest for Growth available in?
Respuesta: The Elusive Quest for Growth is available in paperback format, providing a tactile reading experience that many readers appreciate. The paperback edition makes the book portable and easy to handle, ideal for both casual reading and academic use. Whether placed on a bookshelf or carried in a bag, the paperback format ensures accessibility for anyone looking to delve into the complexities of economic growth in the tropics. -
Pregunta:
How is the book structured?
Respuesta: The Elusive Quest for Growth is structured to guide readers through an exploration of economic theories, case studies, and empirical evidence. It unfolds in a manner that juxtaposes theoretical concepts with real-world applications, providing a comprehensive understanding of the subject. The structure allows for easy navigation through chapters, with each part building upon the previous discussions. This organization makes it beneficial for both academic referencing and casual reading, ensuring clarity and coherence throughout. -
Pregunta:
What makes this book a valuable resource for economists?
Respuesta: The Elusive Quest for Growth provides an invaluable resource for economists due to its rigorous analysis of economic policies and their real-world impacts. The book presents rigorous data analysis alongside anecdotal evidence to dissect complex economic theories and practices. Economists can benefit from the critiques and reflections provided, as they highlight the perils of misapplied policies. By learning from past mistakes, readers can develop better strategies to facilitate growth in their professional work. -
Pregunta:
Where can I buy The Elusive Quest for Growth in Dominican Republic?
Respuesta: You can buy The Elusive Quest for Growth: Economists Adventures and Misadventures in the Tropics from Ubuy. Ubuy offers a convenient shopping experience, allowing you to purchase internationally shipped products with ease. Their platform provides not only availability but also fast shipping options and customer support to assist with your needs. Explore their selection to find this insightful book and enhance your understanding of economic growth in challenging environments.
Development & Growth Editorial Review
The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics is a thought-provoking exploration by William Easterly, who draws on his extensive experience as a former World Bank economist. This engaging book discusses ways to improve the lives of those in poverty-stricken areas by applying real economic principles and examining what strategies have failed. The accessible writing style allows readers, even those without an economics background, to grasp complex topics such as the correlation between government bureaucracy and corruption while also detailing successful examples like Bangladesh's garment industry. Through personal anecdotes and analytical insight, Easterly presents a mix of sobering realities and hopeful lessons, making the book both a critique of past policies and a guide for future economic initiatives.
Customer Reviews & Ratings
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2 estrella
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ventajas
- Written in an engaging and accessible style
- Critiques ineffective economic development strategies
- Includes real-world examples of success
- Encourages critical thinking about economic policy
- Offers insights into the role of incentives
Contras
- May require contemplation for non-economics readers
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características y beneficios
- Explores why economic aid to tropical countries has not succeeded.
- Analyzes failed development solutions post-World War II.
- Emphasizes the role of incentives in economic decision-making.
- Combines modern growth theory with real-world anecdotes.
- Offers alternative approaches for improving economic well-being.
- Written in an engaging and accessible style.
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