Front cover image for The elusive quest for growth : economists' adventures and misadventures in the tropics

The elusive quest for growth : economists' adventures and misadventures in the tropics

"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 institutional reforms." "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."--Jacket
Print Book, English, ©2001
MIT Press, Cambridge, Mass., ©2001
xiii, 342 pages : illustrations ; 24 cm
9780262050654, 9780262550420, 9780585393094, 026205065X, 0262550423, 0585393095
Why Growth Matters. To Help the Poor
Intermezzo: In Search of a River
Panaceas That Failed
Aid for Investment
Intermezzo: Parmila
Solow's Surprise: Investment Is Not the Key to Growth
Intermezzo: Dry Cornstalks
Educated for What?
Intermezzo: Without a Refuge
Cash for Condoms? 87
Intermezzo: Tomb Paintings
The Loans That Were, the Growth That Wasn't
Intermezzo: Leila's Story
Forgive Us Our Debts
Intermezzo: Cardboard House
People Respond to Incentives. Tales of Increasing Returns: Leaks, Matches, and Traps
Intermezzo: War and Memory
Creative Destruction: The Power of Technology
Intermezzo: Accident in Jamaica
Under an Evil Star
Intermezzo: Favela Life
Governments Can Kill Growth
Intermezzo: Florence and Veronica
Corruption and Growth
Intermezzo: Discrimination in Palanpur
Polarized Peoples
Intermezzo: Violent for Centuries
Conclusion: The View from Lahore
References and Further Reading