Capital and Collusion: The Political Logic of Global Economic Development

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Princeton University Press, 2006 - Business & Economics - 335 pages
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"A most interesting and informative work. The book contains excellent material and interesting analysis, and it will appeal to a broad audience."--Stanley Engerman, University of Rochester

"An ambitious book, "Capital and Collusion" identifies the institutional reasons for the divergent growth paths of major regions in the developing world. The topic is one that will interest a broad range of readers in both academic and policy circles."--David Stasavage, London School of Economics

"Root takes a very abstract notion like trust and provides a series of concrete demonstrations of how trust, or the lack of it, can affect economic performance and social welfare. He bases his arguments very skillfully on a variety of indicators that transform abstract concepts into observable phenomena and make his arguments come to life. This is a 'must read' in graduate and undergraduate courses that focus on institutions and development."--Lewis W. Snider, author of "Growth, Debt and Politics: Economic Adjustment and the Political Performance of Developing Countries"

"In this exciting book, Hilton Root calls into question some of the "sacred cows" of contemporary thought, knocking down some of the rigid boundaries that exist among the social sciences and among concepts like developed and developing countries. A very good read for all."--Elinor Ostrom, Indiana University, author of "Understanding Institutional Diversity"

""Capital and Collusion" is a breathtaking tour de force that adds significantly to the growing literature on the political economy of development and of state failure. Hilton Root has tackled the most important question facing policymakers, leaders of international financial institutions, and students of the political economy of development: how can the incentives of leaders be changed to promote risk taking and entrepreneurship, diminish uncertainty and self-insurance, and stimulate economic growth when they benefit personally from sustained national failure? No one who wishes to understand or shape economic and social welfare can afford not to read this book."--Bruce Bueno de Mesquita, Professor of Politics, NYU

  

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Contents

Chapter
3
Chapter
17
Chapter Three
35
Chapter Four
48
Chapter Five
59
Tables and Figures
65
Chapter
89
for Regions January 2000 to March 2004
112
Chapter Eight
157
Chapter Nine
187
China 2002
209
Chapter
221
Conclusion
246
Acknowledgments
249
References
307
Index
327

Chapter Seven
114

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About the author (2006)

Hilton L. Root, an expert on international political economy and development, is Professor at the George Mason University School of Public Policy. He is the author of "Alliance Curse: How the U.S. Lost the Third World", "Capital and Collusion: Political Logic of Global Economic Developmen"t, and other books.

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