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The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics Posters
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List Price: $26.95Amazonaws.com's Price: $14.88 You Save: $12.07 (45%)
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Binding: Paperback
Dewey Decimal Number: 338
Fabric Type: 9780262550420
Legal Disclaimer: 0262550423
Maximum Color Depth: The MIT Press
Metal Type: The MIT Press
Publisher: 1
Region Code: 356
Total External Bays Free: August 08, 2002
Total Firewire Ports: The MIT Press
The MIT Press
Editorial Review:
Product Description:
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.
Average Rating: 
Rating:  -
The most prominent white lie is the case of India.
On page 164 of the book the author says that India was placed near the bottom of the list of 28 countries in 1820.
In reality, India was the World's 2nd largest economy in 1820. In fact the size of India's economy was three times the size of the next largest economy.
Shame on Easterly! How could you mislead people in this way? It is unimaginable that an author of your caliber can write such false things.
Rating:  -
If you work for the World Bank, IMF or UN, please read it. Thank you.
Rating:  -
The Elusive Quest for Growth, precisely lists the main reasons why slow or negative growth per capita has plagued emerging economies. Its thesis statement: people respond to incentives, brilliantly proves how many traditional ways of dealing with low growth economies is misapplied by bad government policies. The book is well structured and develops with great ease. The book is perfect for social entrepreneurs and economists.
Rating: -
Watch Video Here: http://www.amazon.com/review/RN4QXC248QBRO Nathan Kirkland's review was made as part of a critical review assignment for the Fall 2008 Honors Colloquium on Creative Destruction at the University of Nebraska at Omaha, taught by Art Diamond. (The course syllabus stated that part of the critical review assignment consisted of the making of a video recording of the review, and the posting of the review to Amazon.)
Rating: -
Easterly is a brilliant and talented writer, as one would expect from the World Bank. At times, though, the Bank is isolated from the benefits of being subjected to such talent. Individual efforts are certainly reviewed, but at the end of the day, Stiglitz and others have argued that the very points Easterly makes suggests that the Bank is far off the course set by its mandate. We are therefore left with yet another recommended "fine tuning" of WB programming without a serious reflection over ... Read More
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