01818nam a22002417a 4500 20221228115223.0 221228b ||||| |||| 00| 0 eng d 026205065X AL English 23 338.9009 EASE William Easterly 67809 Elusive Quest for Growth: Economists Adventures & Misadventures in the Tropics Cambridge MIT Press 2002 xii,342 p. PB 22.2x15 cm. 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. Developing countries 67810 Poor 67811 Poverty 67812 Economic policy 67813 EASTERLY (William) 67814 ddc DB 226097 226097 0 0 ddc 0 0 ECO AL AL 2014-11-28 0 338.9009 EASE D05287 2022-12-28 00:00:00 2022-12-28 DB Donated by V. T. Rajshekar