En busca del crecimiento. Front Cover. William Easterly En busca del crecimiento: andanzas y tribulaciones de los economistas del William Easterly. William Easterly. · Rating details · 1, ratings · 67 reviews. Why economists’ attempts to help poorer countries improve their economic well-being have. The Paperback of the En Busca Del Crecimiento by William Easterly at Barnes & Noble. FREE Shipping on $ or more!.
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Illuminating points about the politics of the aid disbursement process and how amount of loan disbursement, rather than effectiveness of the loans, is used to reward World Bank employees. Easterly doesn’t tout some magical solution to the problems, but guides you along the journey bisca has been taken a It’s one of those books that really makes you think. Fel 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.
View all 3 comments. It’s an interesting and educational read, for sure. Lots of examples but not a whole lot of actions to take. It has more statistics in the text than “The Bottom Billion”, and is a bit longer as a result. A paper pusher with the right credentials that wasterly looking for the Holy Grail with no idea how it looks like. Put the mind to work, but doesn’t change ones perspective of crecikiento economics significantly.
Contrary to some of the spurious one-line reviews below, this book is definitely not the work of a laissez-faire ideologue. Solow’s logic had made clear that labor-saving technical advance was the only way that output per worker could keep increasing in the long run.
Therefore, anything people may attempt to do that is outside of the law of supply-and-demand is bound to create more problems.
Seeing why it’s silly is a good way to illustrate further Solow’s logic. People respond to incentives. What I really like, at about halfway through the book, is that I’ve finished the sections on what hasn’t worked with great, great analysis of previous studies as well as his own studiesand am turning to the tools and reasonings that, after forty years of economic dogma and short-sightedness, may offer hope for economic development of the world’s poorest regions.
This is not just a book for economists. With more output for the same number of workers, there is more income for each worker. Then loans and their failure to speed development are examined.
How come that no one saw the US banking crisis coming? Want to Read Currently Reading Read. Despite the often depressing subject matter, I frankly found the book inspiring. A nice primer on development economics circa This smacks of data mining.
Easterly then looks at population control and how fertility changes have failed to deliver growth as well.
Easterly doesn’t tout some bueca solution to the problems, but guides you along the journey that has been taken and many of the reasons why things haven’t been working. While credible, it is important to understand that economic growth does not imply a decrease in poverty: The book considers pretty much all of the failed silver-bullets of economic development: Easterly presents a few ideas here, but one chapter that I found particularly illuminating was the last one on homogenous vs heterogenous societies.
The solution to growth is increasing returns to knowledge. The opposite situation of minority elites in power may be why the Roman Empire, Ming Dynasty, the Mughal Empire or the Ancient Egyptiants did not start the industrialization. Easterly and I am really satisifed with the level of detail and his approach. Trivia About The Elusive Quest Jul 21, Chris rated it it was amazing Shelves: Finally, the 14th and last chapter wraps up the previous ones.
Oct 06, Michelle rated it really liked it. I agree with Easterly here and I have no major problems with his reasoning and I trust his statistical analysis.
Drl is n Easterly provides a great overview busfa the different economic theories that have been posited to be bsuca key to growth and why they have failed. He states that high inflation, high black market premiums and high budget deficits that lead to the expectation of some method of reducing debt that will hurt growth. Mar 26, Oliver Kim rated it really liked it.
You cannot conclude anything because you lack a proper counterfactual. The Elusive Quest for Growth by William Easterly is an excellent account dle the difficulties of economic development. William Easterly is an associate editor of the American Economic Journals: Easterly shows the poor effect of adjustment loans loans to promote policies of growthwhich were very used to a great extent from ‘s to ‘s.
Apr 12, Frank Stein rated it it was amazing. The Luddite fallacy easteroy very much alive today. If you’re interested in aid dn development, but don’t know a lot of economics, this book is a surprisingly good place to start.
En Busca del Crecimiento (June edition) | Open Library
Here’s the perfect example of a leech. Next the Solow model of technology is dismantled. This is the Luddite fallacy, one of the silliest ideas to ever come along in the long tradition of silly ideas in economics. Beyond making a real clear case for understanding incentives, he outlines some pretty important elements of economics and econometrics, like regression to the mean, path dependency, externalities and game theory, often without even intending to do so.
A lot of what I thought was wrong with economic development in third-world nations has been thrown out the window.
Unfortunately, the most indebted countries are usually the most corrupt, and they know that their waste encourages more forgiveness and then more loans, creating a dangerous and vicious cycle. Extremely important and readable empirical summary of the C20th failure of directed “development” aid that is, capital aimed at a self-sustaining anti-poverty outcome.
Written in an accessible, at times irreverent, style, Easterly’s book combines modern growth theory with anecdotes from his fieldwork for the World Bank.
If you are interested in economics, or how the world works you should read this. He explains the “New Growth Theory” led by Robert Solow, Paul Romer, and Robert Barro, which has overturned our crscimiento conception of growth, and shows how technology and virtuous circles are essential for maintaining positive results.