Overview
Integrates the micro theory of industry growth with macro theory
Emphasizes the impact of the recent upsurge of information technology and the role of non-market institutions
Analyzes the growth of international markets and high-tech industries, especially in Asia, with reference to knowledge creation and diffusion
Includes supplementary material: sn.pub/extras
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Table of contents (9 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Modern economies have undergone a dramatic change. There has been a shift from large scale material manufacturing to the design and application of new technology with R&D and human capital. The new information age has introduced significant productivity gains through increasing returns and learning by doing, which has challenged the traditional growth models based on competitive market structures. Institutions outside the traditional markets and the genetic principle of survival of the fittest have dominated the current theory of industry growth.
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This book coordinates and integrates the two strands of economic growth and development: the endogenous theory of growth and the extra-market models of evolutionary economics dominated by innovation efficiency.  It presents this new paradigm in terms of both theory and historical experiences. The book addresses the role of innovations and human capital, the impact of information technology, the role of institutions as mechanisms of evolutionary economies and the experiences of Asian growth miracles, and will be of interest to readers in economics and political science concerned with economic growth and development.
Authors and Affiliations
Bibliographic Information
Book Title: Understanding Economic Growth
Book Subtitle: Modern Theory and Experience
Authors: Jati Sengupta
DOI: https://doi.org/10.1007/978-1-4419-8026-7
Publisher: Springer New York, NY
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Science+Business Media, LLC 2011
Hardcover ISBN: 978-1-4419-8025-0Published: 25 January 2011
Softcover ISBN: 978-1-4899-8251-3Published: 11 October 2014
eBook ISBN: 978-1-4419-8026-7Published: 15 January 2011
Edition Number: 1
Number of Pages: X, 120
Topics: Economic Growth, Economic Theory/Quantitative Economics/Mathematical Methods, Political Science