Understanding Economic Growth

Modern Theory and Experience

Business & Finance, Economics, Economic Development, Theory of Economics
Cover of the book Understanding Economic Growth by Jati Sengupta, Springer New York
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Author: Jati Sengupta ISBN: 9781441980267
Publisher: Springer New York Publication: January 15, 2011
Imprint: Springer Language: English
Author: Jati Sengupta
ISBN: 9781441980267
Publisher: Springer New York
Publication: January 15, 2011
Imprint: Springer
Language: English

Modern economies have undergone a dramatic change.  There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital.  The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures.  Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth.

 

This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency.  It presents this new paradigm in terms of both theory and historical experiences.  The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Modern economies have undergone a dramatic change.  There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital.  The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures.  Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth.

 

This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency.  It presents this new paradigm in terms of both theory and historical experiences.  The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

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