Frontiers of Development Economics: The Future in Perspective

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Gerald M. Meier, Joseph E. Stiglitz
World Bank Publications, 2001 - Business & Economics - 575 pages
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Edited by Vice President of the World Bank and Gerald Meier, author of several very successful Oxford titles, Frontiers in Development, offers cutting edge thinking from a new generation of dynamic thinkers in development economics.
  

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Page 369 - It must be considered that there is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle, than to initiate a new order of things. For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders in all those who would profit by the new...
Page 536 - It deserves to be remarked, perhaps, that it is in the progressive state, while the society is advancing to the further acquisition, rather than when it has acquired its full complement of riches, that the condition of the labouring poor, of the great body of the people, seems to be the happiest and the most comfortable. It is hard in the stationary, and miserable in the declining state. The progressive state is in reality the cheerful and the hearty state to all the different orders of the society....
Page 5 - It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar.
Page 186 - Families whose total earnings are insufficient to obtain the minimum necessaries for the maintenance of merely physical efficiency.
Page 510 - For a very small expense the public can facilitate, can encourage, and can even impose upon almost the whole body of the people, the necessity of acquiring those most essential parts of education.
Page 369 - For the reformer has enemies in all those who profit by the old order, and only lukewarm defenders in all those who would profit by the new order, this lukewarmness...
Page 355 - Institutions are not necessarily or even usually created to be socially efficient; rather they, or at least the formal rules, are created to serve the interests of those with the bargaining power to create new rules.
Page 228 - Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa...
Page 396 - This long appeared to me a great difficulty: but it arises in chief part from the deeply-seated error of considering the physical conditions of a country as the most important...
Page 29 - To summarize our general proposition: countries' effective potentials for rapid productivity growth by catch-up are not determined solely by the gaps in levels of technology, capital intensity, and efficient allocation that separate them from the productivity leaders. They are restricted also by their access to primary materials and more generally because their market scales, relative factor supplies, and income-constrained patterns of demand make their technical capabilities and their product structures...

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About the author (2001)

Gerald Meier is at Stanford University.

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