Living standards and the wealth of nations: successes and failures in real convergence

Book Cover
Average Rating
Publisher:
MIT Press,
Pub. Date:
c2006.
Language:
English
Description

The question of convergence, or under what conditions the per capita income levels of developing countries can catch up to those found in advanced economies, is critical for understanding economic growth and development. Convergence has happened in many countries and appears to be taking place now in China and India--yet in general per capita income levels in the poorer countries do not converge towards those of richer countries as uniformly as the analytical models predict. Living Standards and the Wealth of Nations, which grew out of a 2003 conference on convergence hosted by the National Bank of Poland, offers detailed theoretical and empirical examinations of what makes for successful convergence.After general discussions of the theoretical requirements for "rapid catch up" and the possible link between democracy and growth, the book presents global case studies of both non-EU and EU countries, including a provocative comparison of growth in the transition economies of the CEE (Central and Eastern Europe) nations and the 12 non-Baltic states of the former Soviet Union. It then considers nominal as opposed to real convergence in the European Monetary Union. Taken together, the chapters present a consistent argument that reliance on market forces within an open economy in a stable macroeconomic environment, with assured property rights, is the key to rapid economic growth.Contributors:Anders Åslund, Leszek Balcerowicz, Manuel Balmaseda, Iain Begg, John Bradley, Vittorio Corbo L., Stanley Fischer, Leonardo Hernández T., Philip E. Keefer, Olle Krantz, Abel Moreira Mateus, Thomas O'Connell, Stephen L. Parente, Edward C. Prescott, Jacek Rostowski, Isaac Sabethai, Miguel Sebastián, Diarmaid Smyth, Athanasios Vamvakidis, José Maria Viñals, Wing Thye Woo, Nikolai Zoubanov

More Details
Contributors:
ISBN:
9781429477208
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID d09a093f-e195-3330-722d-56f874d64b76
full_title living standards and the wealth of nations successes and failures in real convergence
author leszek balcerowicz and stanley fischer
grouping_category book
lastUpdate 2017-08-14 05:04:32AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author2-role NetLibrary, Inc.
author_display
detailed_location_arlington EBSCOhost
display_description
format_arlington eBook
format_category_arlington eBook
id d09a093f-e195-3330-722d-56f874d64b76
isbn 9781429477208
item_details external_econtent:ils:.b13065063||EBSCOhost|Online|eBook|eBook|1|false|true|EBSCOhost||http://www.netlibrary.com.library.access.arlingtonva.us/urlapi.asp?action=summary&v=1&bookid=156929||Available Online||q||
itype_arlington eCollection
lexile_score -1
literary_form Other
literary_form_full Other
local_callnumber_arlington Online
owning_library_arlington Arlington Public Library Online, Aurora Hills Online, Central Online, Cherrydale Online, Columbia Pike Online, Connection Crystal City Online, Detention Center Online, Glencarlyn Online, Local History Online, Plaza Online, Shirlington Online, Westover Online
primary_isbn 9781429477208
publishDate 2006
record_details external_econtent:ils:.b13065063|eBook|eBook||English|MIT Press,|c2006.|vi, 434 p. : ill. ; 24 cm.
recordtype grouped_work
scoping_details_arlington external_econtent:ils:.b13065063||Available Online|Available Online|false|true|false|false|false|true||||
title_display Living standards and the wealth of nations successes and failures in real convergence
title_full Living standards and the wealth of nations [electronic resource] : successes and failures in real convergence / edited by Leszek Balcerowicz and Stanley Fischer
title_short Living standards and the wealth of nations
title_sub successes and failures in real convergence