Social Capability and Long-Term Economic Growth (Paperback)

Social Capability and Long-Term Economic Growth By Bon Ho Koo (Editor), Dwight H. Perkins (Editor) Cover Image

Social Capability and Long-Term Economic Growth (Paperback)

By Bon Ho Koo (Editor), Dwight H. Perkins (Editor)

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What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.
Product Details ISBN: 9781349135141
ISBN-10: 1349135143
Publisher: Palgrave MacMillan
Publication Date: January 1st, 1995
Pages: 356
Language: English