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Capital and Collusion: The Political Logic of Global Economic Development
Hilton L. Root
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Description for Capital and Collusion: The Political Logic of Global Economic Development
Hardback.
Why does capital formation often fail to occur in developing countries? Capital and Collusion explores the political incentives that either foster growth or steal nations' growth prospects. Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between ... Read more
Why does capital formation often fail to occur in developing countries? Capital and Collusion explores the political incentives that either foster growth or steal nations' growth prospects. Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
352
Format
Hardback
Publication date
2006
Condition
New
Number of Pages
352
Place of Publication
New Jersey, United States
ISBN
9780691124070
SKU
V9780691124070
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Hilton L. Root
Hilton L. Root is a Freeman Fellow and Professor of Economics at Pitzer College and a Senior Fellow at Claremont Graduate University and the Milken Institute. He is the author of six books, including "The Key to the East Asian Miracle: Making Shared Growth Credible" (with J. Edgardo Campos) and "The Fountain of Privilege: Political Foundations of Markets in Old ... Read more
Reviews for Capital and Collusion: The Political Logic of Global Economic Development
"Capital and Collusion provides an interesting read for anyone attracted by the complexity of international political economic development... By highlighting the forces at work in developing countries, Root addresses the notion that distribution of wealth is often complex and requires situation specific responses to nations who are hindered by collusive cultural practices."
Andrew J. Prelog, Journal of Economic Issues
Andrew J. Prelog, Journal of Economic Issues