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Understanding Economic Growth By Jati Sengupta

Understanding Economic Growth by Jati Sengupta

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$168.39
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Summary

This book integrates two strands of economic development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency. It presents this paradigm in terms of both theory and historical experiences.

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Understanding Economic Growth Summary

Understanding Economic Growth: Modern Theory and Experience by Jati Sengupta

Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital. The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures. Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth.

This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency. It presents this new paradigm in terms of both theory and historical experiences. The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.

Table of Contents

Development.- The Market.- Investment.- Innovation.- Diffusion.- Asian Miracles.- Evolutionary Economics.- Growth.- Growth Policy.

Additional information

NLS9781489982513
9781489982513
1489982515
Understanding Economic Growth: Modern Theory and Experience by Jati Sengupta
New
Paperback
Springer-Verlag New York Inc.
2014-10-11
120
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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