Making Poor Nations Rich Entrepreneurship and the Process of Economic Development

ISBN-10: 0804757321

ISBN-13: 9780804757324

Edition: 2007

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Description: Why do some nations become rich while others remain poor? Traditional mainstream economic growth theory has done little to answer this question—during most of the twentieth century the theory focused on models that assumed growth was a simple function of labor, capital, and technology. Through a collection of case studies from Asia and Africa to Latin America and Europe,Making Poor Nations Richargues for examining the critical role entrepreneurs and the institutional environment of private property rights and economic freedom play in economic development. Making Poor Nations Richbegins by explaining how entrepreneurs create economic growth and why some institutional environments encourage more productive entrepreneurship than others. The volume then addresses countries and regions that have failed to develop because of barriers to entrepreneurship. Finally, the authors turn to countries thathavedeveloped by reforming their institutional environment to protect private property rights and grant greater levels of economic freedom. The overall lesson from this volume is clear: pro-market reforms are essential to promoting the productive entrepreneurship that leads to economic growth. In countries where this institutional environment is lacking, sustained economic development will remain illusive.

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Book details

List price: $30.95
Copyright year: 2007
Publisher: Stanford University Press
Publication date: 11/8/2007
Binding: Paperback
Pages: 479
Size: 6.00" wide x 8.75" long x 1.25" tall
Weight: 1.386
Language: English

Benjamin Powell is the Director of the Free Market Institute at Texas Tech University and a Visiting Professor in the Rawls College of Business. He is a Past President of the Association of Private Enterprise Education and a Senior Fellow with the Independent Institute. Professor Powell is editor of Making Poor Nations Rich: Entrepreneurship and the Process of Development (2008) and co-editor of Housing America: Building Out of a Crisis (2009). He is author of more than 50 scholarly articles and policy studies. His primary fields of research are economic development, Austrian economics, and public choice. Dr Powell's scholarly research on sweatshops has been published in Comparative Economic Studies, the Journal of Labor Research, Human Rights Quarterly, and the Journal of Business Ethics. His research findings have been reported in more than 100 popular press outlets including the Wall Street Journal and the New York Times. He received his PhD in economics from George Mason University.

List of Illustrations
Foreword
Contributors
Acknowledgments
Introduction
Institutions and Entrepreneurship
Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor
Entrepreneurship and Economic Growth
Entrepreneurship: Productive, Unproductive, and Destructive
Economic Freedom and Property Rights: The Institutional Environment of Productive Entrepreneurship
Failures in Entrepreneurial Development
The African Development Conundrum
The Case of Latin America
Entrepreneurship or Entremanureship? Digging Through Romania's Institutional Environment for Transition Lessons
Sweden's Slowdown: The Impact of Interventionism on Entrepreneurship
Reform and Success in Entrepreneurial Development
China's March Toward the Market
India: The Elephant in the Age of Liberation
Economic Freedom and Growth: The Case of the Celtic Tiger
Why Have Kiwis Not Become Tigers? Reforms, Entrepreneurship, and Economic Performance in New Zealand
Look, Botswana: No Hands! Why Botswana's Government Should Let the Economy Steer Itself
Index
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