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Living Standards and the Wealth of Nations: Successes and Failures in Real Convergence

Balcerowicz, Leszek; Fischer, Stanley

Verlag: The MIT Press, Cambridge, MA, U.S.A., 2006
ISBN 10: 0262025957 / ISBN 13: 9780262025959
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Titel: Living Standards and the Wealth of Nations: ...

Verlag: The MIT Press, Cambridge, MA, U.S.A.

Erscheinungsdatum: 2006

Einband: Hardcover

Zustand: Very Good

Zustand des Schutzumschlags: Very Good

Art des Buches: Used


Hardcover. Jacket and hardcover spine ends are lightly bumped. Ink stamp on page block foot. Pages are clean and text is clear throughout. Binding is sound. HJW. Buchnummer des Verkäufers 422179

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Inhaltsangabe: The question of convergence, or under what conditions the per capita income levels of developing countries can catch up to those found in advanced economies, is critical for understanding economic growth and development. Convergence has happened in many countries and appears to be taking place now in China and India--yet in general per capita income levels in the poorer countries do not converge towards those of richer countries as uniformly as the analytical models predict. Living Standards and the Wealth of Nations, which grew out of a 2003 conference on convergence hosted by the National Bank of Poland, offers detailed theoretical and empirical examinations of what makes for successful convergence.After general discussions of the theoretical requirements for "rapid catch up" and the possible link between democracy and growth, the book presents global case studies of both non-EU and EU countries, including a provocative comparison of growth in the transition economies of the CEE (Central and Eastern Europe) nations and the 12 non-Baltic states of the former Soviet Union. It then considers nominal as opposed to real convergence in the European Monetary Union. Taken together, the chapters present a consistent argument that reliance on market forces within an open economy in a stable macroeconomic environment, with assured property rights, is the key to rapid economic growth.Contributors:Anders Aslund, Leszek Balcerowicz, Manuel Balmaseda, Iain Begg, John Bradley, Vittorio Corbo L., Stanley Fischer, Leonardo Hernandez T., Philip E. Keefer, Olle Krantz, Abel Moreira Mateus, Thomas O'Connell, Stephen L. Parente, Edward C. Prescott, Jacek Rostowski, Isaac Sabethai, Miguel Sebastian, Diarmaid Smyth, Athanasios Vamvakidis, Jose Maria Vinals, Wing Thye Woo, Nikolai Zoubanov

Über den Autor: Leszek Balcerowicz is President of the National Bank of Poland. As Finance Minister in the first post-transition Polish government, he was largely responsible for the successful transformation of the Polish economy. Stanley Fischer is Governor of the Bank of Israel. First Deputy Managing Director of the International Monetary Fund from 1994 to 2001, Fischer is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press, 2004).

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