Institutions, Transition Economies, And Economic Development: 1st Edition (Hardback) book cover

Institutions, Transition Economies, And Economic Development

1st Edition

By Tim Yeager


0 pages

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Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help

Table of Contents

Introduction -- Dependency Theory and Neoclassical Growth Theory -- The Coase Theorem: The Link to Institutions -- Institutions and Economic Growth: The Static Case -- Institutions and Economic Growth: The Dynamic Case -- The Polity as Creator of Institutions -- Transition from Socialism to Capitalism -- Poland and Russia in Transition -- Institutions and Economic Development -- Mexico and South Korea in Development -- China in Transition and Development -- Conclusion

About the Author

Timothy J. Yeager received his Ph.D. from Washington University. He wrote Institutions, Transition Economies, and Economic Development while teaching at Humboldt State University. He currently works at the Federal Reserve in St. Louis.

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