Institutions, Transition Economies, And Economic Development

by Tim Yeager

Overview

Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help

Product Details

ISBN-13:	9780367316297
Publisher:	Taylor & Francis
Publication date:	08/28/2019
Pages:	183
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Timothy J. Yeager received his Ph.D. from Washington University. He wrote Institutions, Transition Economies, and Economic Development while teaching at Humboldt State University. He currently works at the Federal Reserve in St. Louis.

Table of Contents

Introduction — Dependency Theory and Neoclassical Growth Theory — The Coase Theorem: The Link to Institutions — Institutions and Economic Growth: The Static Case — Institutions and Economic Growth: The Dynamic Case — The Polity as Creator of Institutions — Transition from Socialism to Capitalism — Poland and Russia in Transition — Institutions and Economic Development — Mexico and South Korea in Development — China in Transition and Development — Conclusion

Editorial Reviews

Explains the nascent body of theory called New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia, and to the developing economies of Mexico and South Korea. Of particular concern is why some countries are rich and others are poor, a question economists have had trouble answering even to their own satisfaction. Annotation c. Book News, Inc., Portland, OR (booknew.com)

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