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Overview
Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager’s Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.Synopsis
"Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling furthe"
Booknews
Explains the nascent body of theory called New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia, and to the developing economies of Mexico and South Korea. Of particular concern is why some countries are rich and others are poor, a question economists have had trouble answering even to their own satisfaction. Annotation c. Book News, Inc., Portland, OR (booknew.com)