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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.

Tabla de contenidos provista por Syndetics

• Acknowledgments(p. ix)
• Prologue: The Quest(p. xi)
• I Why Growth Matters(p. 1)
• 1 To Help the Poor(p. 5)
• Intermezzo: In Search of a River(p. 16)
• II Panaceas That Failed(p. 21)
• 2 Aid for Investment(p. 25)
• Intermezzo: Parmila(p. 45)
• 3 Solow's Surprise: Investment Is Not the Key to Growth(p. 47)
• Intermezzo: Dry Cornstalks(p. 70)
• 4 Educated for What?(p. 71)
• Intermezzo: Without a Refuge(p. 85)
• 5 Cash for Condoms?(p. 87)
• Intermezzo: Tomb Paintings(p. 99)
• 6 The Loans That Were, the Growth That Wasn't(p. 101)
• Intermezzo: Leila's Story(p. 121)
• 7 Forgive Us Our Debts(p. 123)
• Intermezzo: Cardboard House(p. 138)
• III People Respond to Incentives(p. 141)
• 8 Tales of Increasing Returns: Leaks, Matches, and Traps(p. 145)
• Intermezzo: War and Memory(p. 170)
• 9 Creative Destruction: The Power of Technology(p. 171)
• Intermezzo: Accident in Jamaica(p. 193)
• 10 Under an Evil Star(p. 195)
• Intermezzo: Favela Life(p. 215)
• 11 Governments Can Kill Growth(p. 217)
• Intermezzo: Florence and Veronica(p. 240)
• 12 Corruption and Growth(p. 241)
• Intermezzo: Discrimination in Palanpur(p. 253)
• 13 Polarized Peoples(p. 255)
• Intermezzo: Violent for Centuries(p. 282)
• 14 Conclusion: The View from Lahore(p. 285)
• Notes(p. 293)
• References and Further Reading(p. 313)
• Index(p. 335)

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CHOICE Review

This fine book about why many less developed countries have failed to grow in the postwar era and how this dismal record might be changed deserves to be widely read. Easterly (senior advisor, Development Research Group, World Bank) has both broad knowledge of the economic theories that guide development policies and deep experience with their practical outcomes. He is a good example of an economist with a hard head and a soft heart: he cares deeply about the problems of the poor, and he applies good hard analysis to the problem of what to do about them. Easterly provides firsthand accounts of the failures of development theories and development policies and draws from these failures some insights about possible better approaches. Policies based on "scientific" theories of growth, he argues, do not adequately take into account the incentives that they create for governments, donors, and individuals. Easterly proposes new policies that actively use incentives to create an environment favorable to economic growth. Everyone concerned about global poverty or interested in growth theory should read this book. Recommended for general readers; upper-division undergraduate through professional audiences. M. Veseth University of Puget Sound

Notas de autor provistas por Syndetics

William Easterly is Senior Advisor, Development Research Group, the World Bank.