How Nations Escape Poverty

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How China Escaped the Poverty Trap

Author : Yuen Yuen Ang
Publisher : Cornell University Press
ISBN 13 : 1501706403
Total Pages : 345 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis How China Escaped the Poverty Trap by : Yuen Yuen Ang

Download or read book How China Escaped the Poverty Trap written by Yuen Yuen Ang and published by Cornell University Press. This book was released on 2016-09-06 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER OF THE 2017 PETER KATZENSTEIN BOOK PRIZE "BEST OF BOOKS IN 2017" BY FOREIGN AFFAIRS WINNER OF THE 2018 VIVIAN ZELIZER PRIZE BEST BOOK AWARD IN ECONOMIC SOCIOLOGY "How China Escaped the Poverty Trap truly offers game-changing ideas for the analysis and implementation of socio-economic development and should have a major impact across many social sciences." ― Zelizer Best Book in Economic Sociology Prize Committee Acclaimed as "game changing" and "field shifting," How China Escaped the Poverty Trap advances a new paradigm in the political economy of development and sheds new light on China's rise. How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate. Combining this original lens with more than 400 interviews with Chinese bureaucrats and entrepreneurs, Ang systematically reenacts the complex process that turned China from a communist backwater into a global juggernaut in just 35 years. Contrary to popular misconceptions, she shows that what drove China's great transformation was not centralized authoritarian control, but "directed improvisation"—top-down directions from Beijing paired with bottom-up improvisation among local officials. Her analysis reveals two broad lessons on development. First, transformative change requires an adaptive governing system that empowers ground-level actors to create new solutions for evolving problems. Second, the first step out of the poverty trap is to "use what you have"—harnessing existing resources to kick-start new markets, even if that means defying first-world norms. Bold and meticulously researched, How China Escaped the Poverty Trap opens up a whole new avenue of thinking for scholars, practitioners, and anyone seeking to build adaptive systems.

The Poverty of Nations

Author : Barry Asmus
Publisher : Crossway
ISBN 13 : 143353911X
Total Pages : 402 pages
Book Rating : 4.4/5 (335 download)

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Book Synopsis The Poverty of Nations by : Barry Asmus

Download or read book The Poverty of Nations written by Barry Asmus and published by Crossway. This book was released on 2013 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: We can win the fight against global poverty. Combining penetrating economic analysis with insightful theological reflection, this book sketches a comprehensive plan for increasing wealth and protecting stability at a national level.

Poverty Traps

Author : Samuel Bowles
Publisher : Princeton University Press
ISBN 13 : 0691170932
Total Pages : 251 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Poverty Traps by : Samuel Bowles

Download or read book Poverty Traps written by Samuel Bowles and published by Princeton University Press. This book was released on 2016-05-31 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. Similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. The book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.

Why Nations Fail

Author : Daron Acemoglu
Publisher : Currency
ISBN 13 : 0307719227
Total Pages : 546 pages
Book Rating : 4.3/5 (77 download)

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Book Synopsis Why Nations Fail by : Daron Acemoglu

Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Globalization and Poverty

Author : Ann Harrison
Publisher : University of Chicago Press
ISBN 13 : 0226318001
Total Pages : 674 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Globalization and Poverty by : Ann Harrison

Download or read book Globalization and Poverty written by Ann Harrison and published by University of Chicago Press. This book was released on 2007-11-01 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

How Nations Escape Poverty

Author : Rainer Zitelmann
Publisher :
ISBN 13 : 9781641773959
Total Pages : 0 pages
Book Rating : 4.7/5 (739 download)

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Book Synopsis How Nations Escape Poverty by : Rainer Zitelmann

Download or read book How Nations Escape Poverty written by Rainer Zitelmann and published by . This book was released on 2024-03-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 20th century, Vietnam and Poland were both victims not only of devastating wars, but also of socialist planned economies that destroyed whatever war hadn't already. In 1990, Vietnam was still one of the poorest countries in the world, while Poland was one of the poorest in Europe. But in the three decades since then, both countries have drastically improved their citizens' standards of living and escaped the vicious cycle of national poverty. In this book, Rainer Zitelmann identifies the reasons behind the sensational growth of both nations' economies, drawing out the lessons that other countries can learn from these two success stories. To explain the source of their success, he returns to Adam Smith's 1776 treatise, The Wealth of Nations: the only way to overcome poverty is through economic growth, Smith wrote, and economic freedom is the crucial prerequisite for such growth. Developments over the past 250 years have proved Smith right. The market economy has led to a global decline in poverty unparalleled in human history. Compare this to the fifty years of "development aid" in Africa that have only entrenched the status quo, and it is clear which approach yields superior results. Despite these strides, almost ten percent of the world's population still lives in extreme poverty. So, what measures actually help to alleviate poverty today? Through a wealth of data and stories from the everyday lives of Polish and Vietnamese people who experienced reforms, Zitelmann demonstrates the persistent relevance of Smith's ideas to economic flourishing in the 21st century.

How Nations Escape Poverty

Author : Rainer Zitelmann
Publisher : Encounter Books
ISBN 13 : 1641773960
Total Pages : 178 pages
Book Rating : 4.6/5 (417 download)

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Book Synopsis How Nations Escape Poverty by : Rainer Zitelmann

Download or read book How Nations Escape Poverty written by Rainer Zitelmann and published by Encounter Books. This book was released on 2024-03-26 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 20th century, Vietnam and Poland were both victims not only of devastating wars, but also of socialist planned economies that destroyed whatever war hadn’t already. In 1990, Vietnam was still one of the poorest countries in the world, while Poland was one of the poorest in Europe. But in the three decades since then, both countries have drastically improved their citizens’ standards of living and escaped the vicious cycle of national poverty. In this book, Rainer Zitelmann identifies the reasons behind the sensational growth of both nations’ economies, drawing out the lessons that other countries can learn from these two success stories. To explain the source of their success, he returns to Adam Smith’s 1776 treatise, The Wealth of Nations: the only way to overcome poverty is through economic growth, Smith wrote, and economic freedom is the crucial prerequisite for such growth. Developments over the past 250 years have proved Smith right. The market economy has led to a global decline in poverty unparalleled in human history. Compare this to the fifty years of “development aid” in Africa that have only entrenched the status quo, and it is clear which approach yields superior results. Despite these strides, almost ten percent of the world’s population still lives in extreme poverty. So, what measures actually help to alleviate poverty today? Through a wealth of data and stories from the everyday lives of Polish and Vietnamese people who experienced reforms, Zitelmann demonstrates the persistent relevance of Smith’s ideas to economic flourishing in the 21st century.

One Illness Away

Author : Anirudh Krishna
Publisher : Oxford University Press
ISBN 13 : 0199693196
Total Pages : 248 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis One Illness Away by : Anirudh Krishna

Download or read book One Illness Away written by Anirudh Krishna and published by Oxford University Press. This book was released on 2011-06-16 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the first large-scale examination of the reasons why people fall into poverty and how they escape it in diverse contexts. It draws on personal interviews with 35,000 households in India, Kenya, Uganda, Peru, and the United States.

Migration and Poverty

Author : Edmundo Murrugarra
Publisher : World Bank Publications
ISBN 13 : 0821384376
Total Pages : 178 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Migration and Poverty by : Edmundo Murrugarra

Download or read book Migration and Poverty written by Edmundo Murrugarra and published by World Bank Publications. This book was released on 2010-11-24 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses recent research from the World Bank to document and analyze the bidirectional relationship between poverty and migration in developing countries. The case studies chapters compiled in this book (from Tanzania, Nepal, Albania and Nicaragua), as well as the last, policy-oriented chapter illustrate the diversity of migration experience and tackle the complicated nexus between migration and poverty reduction. Two main messages emerge: Although evidence indicates that migration reduces poverty, it also shows that migration opportunities of the poor differ from that of the rest. In general, the evidence suggests that the poor either migrate less or migrate to low return destinations. As a consequence, many developing countries are not maximizing the poverty-reducing potential of migration. The main reason behind this outcome is difficulties in access to remunerative migration opportunities and the high costs associated with migrating. It is shown, for example, that reducing migration costs makes migration more pro-poor. The volume shows that developing countries governments are not without means to improve this situation. Several of the country examples offer a few policy recommendations towards this end.

Hunger and Hope

Author : George W. Norton
Publisher : Waveland Press
ISBN 13 : 1478615605
Total Pages : 199 pages
Book Rating : 4.4/5 (786 download)

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Book Synopsis Hunger and Hope by : George W. Norton

Download or read book Hunger and Hope written by George W. Norton and published by Waveland Press. This book was released on 2014-02-24 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: Readable, thought-provoking, and beneficial for those who want to comprehend the plight of the rural poor, Hunger and Hope examines the world of those living near, on, and over the edge of poverty in developing countries. Their aspirations, struggles, and daily challenges are revealed with compassion and genuine understanding of the risks they face to sustain themselves and their families. The text is rich with lucid and methodical observations of the economic processes that shape agricultural development in impoverished countries. The author builds in an imaginative way on his extensive experience assisting farmers and assessing the impacts of agricultural interventions. Real-world illustrations of the policies and practices that not only create opportunities and food security but also create hardships show that, while progress has been made in reducing poverty and hunger, there is a need to do more.

From Poverty to Power

Author : Duncan Green
Publisher : Oxfam
ISBN 13 : 0855985933
Total Pages : 540 pages
Book Rating : 4.8/5 (559 download)

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Book Synopsis From Poverty to Power by : Duncan Green

Download or read book From Poverty to Power written by Duncan Green and published by Oxfam. This book was released on 2008 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a look at the causes and effects of poverty and inequality, as well as the possible solutions. This title features research, human stories, statistics, and compelling arguments. It discusses about the world we live in and how we can make it a better place.

The Great Escape

Author : Angus Deaton
Publisher : Princeton University Press
ISBN 13 : 0691259259
Total Pages : 392 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Great Escape by : Angus Deaton

Download or read book The Great Escape written by Angus Deaton and published by Princeton University Press. This book was released on 2024-05-21 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Nobel Prize–winning economist tells the remarkable story of how the world has grown healthier, wealthier, but also more unequal over the past two and half centuries The world is a better place than it used to be. People are healthier, wealthier, and live longer. Yet the escapes from destitution by so many has left gaping inequalities between people and nations. In The Great Escape, Nobel Prize–winning economist Angus Deaton—one of the foremost experts on economic development and on poverty—tells the remarkable story of how, beginning 250 years ago, some parts of the world experienced sustained progress, opening up gaps and setting the stage for today's disproportionately unequal world. Deaton takes an in-depth look at the historical and ongoing patterns behind the health and wealth of nations, and addresses what needs to be done to help those left behind. Deaton describes vast innovations and wrenching setbacks: the successes of antibiotics, pest control, vaccinations, and clean water on the one hand, and disastrous famines and the HIV/AIDS epidemic on the other. He examines the United States, a nation that has prospered but is today experiencing slower growth and increasing inequality. He also considers how economic growth in India and China has improved the lives of more than a billion people. Deaton argues that international aid has been ineffective and even harmful. He suggests alternative efforts—including reforming incentives to drug companies and lifting trade restrictions—that will allow the developing world to bring about its own Great Escape. Demonstrating how changes in health and living standards have transformed our lives, The Great Escape is a powerful guide to addressing the well-being of all nations.

Rich World, Poor World

Author : Ali A. Allawi
Publisher : Yale University Press
ISBN 13 : 0300214286
Total Pages : 688 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Rich World, Poor World by : Ali A. Allawi

Download or read book Rich World, Poor World written by Ali A. Allawi and published by Yale University Press. This book was released on 2024-04-02 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: A landmark history of the world economic order, exploring how developing countries have fought to escape impoverishment Over the past two decades, experiments in neoliberal economics have opened up a chasm of inequality between the Global South and the West. Development advice from richer nations has led to social upheaval, political unrest, environmental degradation--and even the creation of a new underclass. Brutal extremes of wealth and poverty are now commonplace. Ali A. Allawi traces the evolution of the world economic order from the late imperial era to the present day. Shedding light on continuing controversies, Allawi shows how the process of development has been hindered at every turn, from poor leadership and lost opportunities to widespread corruption. In doing so, he argues that the current neoliberal consensus is only the most recent of a series of failed policy imperatives. Covering issues in the Global South as well as failures in the West, this definitive account offers an impassioned and authoritative call for change.

Ending Global Poverty

Author : Stephen C. Smith
Publisher : St. Martin's Press
ISBN 13 : 1466892323
Total Pages : 351 pages
Book Rating : 4.4/5 (668 download)

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Book Synopsis Ending Global Poverty by : Stephen C. Smith

Download or read book Ending Global Poverty written by Stephen C. Smith and published by St. Martin's Press. This book was released on 2015-03-17 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 800 million people suffer from chronic hunger, and over ten million children die each year from preventable causes. These may seem like overwhelming statistics, but as Stephen Smith shows in this call to arms, global poverty is something that we can and should solve within our lifetimes. Ending Global Poverty explores the various traps that keep people mired in poverty, traps like poor nutrition, illiteracy, lack of access to health care, and others and presents eight keys to escaping these traps. Smith gives readers the tools they need to help people overcome poverty and to determine what approaches are most effective in fighting it. For example, celebrities in commercials who encourage viewers to "adopt" a poor child really seem to care, but will sending money to these organizations do the most good? Smith explains how to make an informed decision. Grass-roots programs and organizations are helping people gain the capabilities they need to escape from poverty and this book highlights many of the most promising of these strategies in some of the poorest countries in the world, explaining what they do and what makes them effective.

Moving Out of Poverty

Author : Deepa Narayan
Publisher : World Bank Publications
ISBN 13 : 082136992X
Total Pages : 394 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Moving Out of Poverty by : Deepa Narayan

Download or read book Moving Out of Poverty written by Deepa Narayan and published by World Bank Publications. This book was released on 2007-07-30 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together the latest thinking about poverty dynamics from diverse analytic traditions. While covering a vast body of conceptual and empirical knowledge about economic and social mobility, it takes the reader on compelling journeys of multigenerational accounts of three villages in Kanartaka, India, twelve years in the life of a street child in Burkina Faso, and much more. Leading development practitioners and scholars from the fields of anthropology, economics, political science, and sociology critically examine the literature from their disciplines and contribute new frameworks and evidence from their own works. The 'Moving Out of Poverty' series launched in 2007 is under the editorial direction of Deepa Narayan, Senior Advisor of the World Bank and former director of the pathbreaking 'Voices of the Poor' series. It features the results of new comparative research across more than 500 communities in 15 countries to understand how and why people move out of poverty, and presents other work which builds on interdisciplinary and contextually grounded understandings of growth and poverty reduction.

Moving Out of Poverty

Author : Deepa Narayan
Publisher : World Bank Publications
ISBN 13 : 0821372165
Total Pages : 460 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Moving Out of Poverty by : Deepa Narayan

Download or read book Moving Out of Poverty written by Deepa Narayan and published by World Bank Publications. This book was released on 2009-03-25 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'No matter if I fall, I get up again. If I fall 5,000 times, I will stand up another 5,000 times.' -- William, a 37-year-old from El Gorri n, Colombia Why and how do some people move out of poverty and stay out while others remain trapped? Most books on growth and poverty reduction are dominated by the perspectives of policy makers and academic experts. In contrast, 'Moving Out of Poverty: Success from the Bottom Up' presents the experiences of poor people who have made it out of poverty. The book's findings draw from the Moving Out of Poverty research conducted in communities in 15 countries in Africa, East Asia, Latin America, and South Asia. The authors synthesize the results of qualitative and quantitative research based on discussions with over 60,000 people in rural areas. They offer bottom-up perspectives on the processes and local institutions that play key roles in escapes from poverty. The study finds that there are no differences in the initiatives taken by the poor, the rich, and the upwardly mobile. What, then, explains the difference in outcomes? The authors demonstrate how in the face of deep social inequalities that block access to economic opportunities and local democracies individual initiative and empowerment by themselves are often not enough to escape poverty. This book will be of interest to all concerned with equity in an increasingly unequal world.

Poverty Development

Author : Al Sadi
Publisher : AuthorHouse
ISBN 13 : 1477218815
Total Pages : 197 pages
Book Rating : 4.4/5 (772 download)

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Book Synopsis Poverty Development by : Al Sadi

Download or read book Poverty Development written by Al Sadi and published by AuthorHouse. This book was released on 2012-09-25 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book deals with poverty as one of the most serious and urgent issue in our modern time. Partly because Poverty is the essence of all other social illnesses and partly because of its direct influence over human security system in a world accelerating towards global and international common human rights values. The book addresses the current poverty reduction plans that proved to be inefficient and controversial, these plans made poor nations in their attempt to escape poverty net, they find themselves trapped in a well woven poverty net and became more dependent than ever in their everyday food and human needs. All the known institutions like the WB, IMF, Development Banks as well as aid organs worked under the Washington Consensus ready-made recipe in granting their preconditioned aid, let alone some subvention measurement protected by local legislative system in rich and donating nations. Poverty becomes a threat to the economic development in rich nations as well and for the time being a security one. The book will explain and reason the way poverty is developing in the world and suggest some solutions and compromises needed to solve this issue.