The Elusive Quest for Growth Economists’ Adventures and Misadventures in the Tropics 1st edition by William Easterly, William Easterly ISBN ‎ 0262550423 978-0262550420

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ISBN 10:‎ 0262550423
ISBN 13: 978-0262550420
Author: William Easterly, William Easterly 

Why economists’ attempts to help poorer countries improve their economic well-being have failed.

Since the end of World War II, economists have tried to figure out how poor countries in the tropics could attain standards of living approaching those of countries in Europe and North America. Attempted remedies have included providing foreign aid, investing in machines, fostering education, controlling population growth, and making aid loans as well as forgiving those loans on condition of reforms. None of these solutions has delivered as promised. The problem is not the failure of economics, William Easterly argues, but the failure to apply economic principles to practical policy work.

In this book Easterly shows how these solutions all violate the basic principle of economics, that people—private individuals and businesses, government officials, even aid donors—respond to incentives. Easterly first discusses the importance of growth. He then analyzes the development solutions that have failed. Finally, he suggests alternative approaches to the problem. Written in an accessible, at times irreverent, style, Easterly’s book combines modern growth theory with anecdotes from his fieldwork for the World Bank.

The Elusive Quest for Growth Economists’ Adventures and Misadventures in the Tropics 1st Table of contents:

I – Why Growth Matters

1 – To Help the Poor

Intermezzo: In Search of a River

II – Panaceas That Failed

2 – Aid for Investment

Intermezzo: Parmila

3 – Solow’s Surprise: Investment Is Not the Key to Growth

Intermezzo: Dry Cornstalks

4 – Educated for What?

Intermezzo: Without a Refuge

5 – Cash for Condoms?

Intermezzo: Tomb Paintings

6 – The Loans That Were, the Growth That Wasn’t

Intermezzo: Roumeen’s Story

7 – Forgive Us Our Debts

Intermezzo: Cardboard House

III – People Respond to Incentives

8 – Tales of Increasing Returns: Leaks, Matches, and Traps

Intermezzo: War and memory

9 – Creative Destruction: The Power of Technology

Intermezzo: Accident in Jamaica

10 – Under an Evil Star

Intermezzo: Favela Life

11 – Governments Can Kill Growth

Intermezzo: Florence and Veronica

12 – Corruption and Growth

Intermezzo: Discrimination in Palanpur

13 – Polarized Peoples

Intermezzo: Violent for Centuries

14 – Conclusion: The View from Lahore

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Tags: William Easterly, William Easterly, The Elusive, the Tropics