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The Political Economy of Poverty, Equity, and Growth: Five Small Open Economies (A World Bank Comparative Study. the Political Economy of Poverty, Equity, and Growth) by Ronald Findlay; Stanislaw Wellisz; World Bank is a book available to read on EtoBox.
What is The Political Economy of Poverty, Equity, and Growth: Five Small Open Economies (A World Bank Comparative Study. the Political Economy of Poverty, Equity, and Growth) about?
"In economics, as in biology, small islands can provide illuminating examples of the interactions of internal dynamics and external pressures in a restricted space. This book examines five small open economies - Hong Kong, Singapore, Jamaica, Mauritius, and Malta - and traces how they dealt with the opportunities and challenges of the postcolonial world. Through a comparative study of their social, political, and economic structures and development, the authors attempt to account for differences in the growth performance of these economies over the latter part of the twentieth century." "No one path has proved to be a sure road to success. The resource-poor city-states of Hong Kong and Singapore - one with a laissez-faire government, the other more interventionist - have prospered economically while improving their distribution of income. Jamaica, despite its agricultural and mineral resources, has been the least successful, perhaps because competing parties have pushed redistribution at the expense of growth. Mauritius, a multiethnic society, has turned to manufactured exports and tourism as an alternative to reliance on sugar production. Malta overcame the shock of losing a Briti
- Author
- Ronald Findlay; Stanislaw Wellisz; World Bank
- Publisher
- New York: Published for the World Bank [by] Oxford University Press
- Published
- 1993
- Language
- EN
- ISBN
- 9780195208801
- Subjects
- Economics, Business
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