Institutions, Transition Economies, And Economic Development

Institutions, Transition Economies, And Economic Development
ISBN-10
0429979398
ISBN-13
9780429979392
Category
Political Science
Pages
242
Language
English
Published
2018-02-07
Publisher
Routledge
Author
Tim Yeager

Description

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.

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