W. Easterly. Far from dry, the book takes you to the scene, gives you the local color, and challenges you to concede that a lot of your prejudices are just that—yet in the process does not throw economics overboard. The book presents plenty of interesting concepts related to development economics and complement them with great historical examples. Lots of good stuff here on the failure of aid and debt relief, as well as a nascent recognition of the importance of institutions. Overall, his point is that creating the right incentives, from education, to private investment, to combating inequality, to diminishing ethnic conflict is the key to growth. After the publication of his latest manuscript (William Easterly may have still been a little idealistic when he wrote his first major book. ���g�}�0��:z(3���8(�*��0�0���ը{�2�gojիN��'9͇QFaC���(�+�{�����]��Z���O���7qDw/4��0�t�N��!��VQy��ݏO�S��}��4(�Ŝ���{�(���� �h/�����X��Cnc@3�*h���zw�M;�(د�0�+��iu�� �2H He has masses of experience and knowledge of his domain.If you've studied development economics in the last half decade, none of the stuff in this book will be news to you. Aid should have been made conditional on matching increases in the country's national savings rate." the elusive quest for growth chapter 1 summary; the elusive quest for growth chapter 1 summary. Poor-Developing countries. He believes this is fundamentally because they ignored the basic economic truth that … The elusive quest for growth : economists’ adventures and misadventures in the p. cm. The Elusive Quest for Growth, William Easterly, 2001, Cambridge: MIT Press. However, the second half of the book was great.Easterly's work is a thorough and engaging account of failed attempts to develop around the world and remains approachable for the non-economist. Be the first to ask a question about The Elusive Quest for Growth Prezi’s Staff Picks: Stakeholder management, sales, and efficiency Leaves some holes - most notably, makes some logical leaps that assume causality, rather than proving it...Leaves some holes - most notably, makes some logical leaps that assume causality, rather than proving it...“Any factor that breeds polarization will worsen policy, and thus cause lower growth.”“Some people believe labor-saving technological change is bad for the workers because it throws them out of work. Aid should have been made conditional on matching increases in the country's national savings rate." Finally, he suggests alternative approaches to the problem. Easterly writes with clarity, honesty, and humor. Prezi’s Staff Picks: Stakeholder management, sales, and efficiency He believes this is fundamentally because they ignored the basic economic truth that people respond to incentives.education) Easterly's approach offers far more optimism for people to take control of their own lives and thus pull themselves and their countries out of poverty traps. Start your review of Paternity: The Elusive Quest for the Father. Eg, the chapter on the failure of international aid to lead to development, and the points about education and the funding gap are interesting arguments, but even these parts present a strawman against which to argue, conflate many things together and call it 'aid' and present alot of correlation as causation.William Easterly is the author of The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT Press, 2001) and The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good. Great book about the reason poor countries have failed to grow. So to do bribes paid to get licences to produce etc. This is a must-read for understanding how people make decisions and how their behavior changes as you provide a different set of incentives. Written in an accessible, at times irreverent, style, Easterly's book combines modern growth theory with anecdotes from his fieldwork for the World Bank.It is impossible to convey the depth and range of.This is a brilliant, original work. The Elusive Quest for Growth by William Easterly reviews various theories of growth and the consequent efforts by World Bank and IMF. It's all a matter of looking at how people respond to incentive structures: saving money, spending money, stealing money, hoarding goods, buying, selling, investing, etc. The Elusive Quest for Growth, William Easterly, 2001, Cambridge: MIT Press. All of his wisdom for growth comes straight from the neo-liberal playbook except for a few situations in which government can step in to pick up the slack where social benefits will be greater than the benefits won by entrepreneurs, as in the case of technological innovation. The bulk of this chapter is an astonishing glut of anecdotal evidence of interethnic conflict, for some reason. Minus one star for spending way too many pages on the "panaceas that failed" section.What I really like, at about halfway through the book, is that I've finished the sections on what hasn't worked (with great, great analysis of previous studies as well as his own studies), and am turning to the tools and reasonings that, after forty years of economic dogma and short-sightedness, may offer hope for economic development of the world's poorest regions.This book one was written before "White Man's Burden" which I read first and really enjoyed; particularly because at that point I had only read very pro-development books. The Elusive Quest for Growth, William Easterly, 2001, Cambridge: MIT Press. Poor-Developing countries. Published After the publication of his latest manuscript (This is an outstanding book. We’d love your help.The second part of the book is basically garbage, the only good chapter is I think 11 on some of the second-order causes of low growth (high inflation, high deficit, high black market premium).

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