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Palgrave Macmillan

Social Capability and Long-Term Economic Growth

  • Book
  • © 1995

Overview

Editors:
  1. Bon Ho Koo

    1. Hanyang University, Seoul, Korea
      Financial Reform Commission, Ministry of Finance, Government of Korea, Korea

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    You can also search for this editor in PubMed   Google Scholar

  2. Dwight H. Perkins

    1. Harvard Institute for International Development, Harvard University, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. Introduction

      • Dwight H. Perkins, Bon Ho Koo
      Pages 3-8

  3. Theoretical Issues on Social Capability

    1. Front Matter

      Pages 9-9
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    2. Returns to Scale, Information and Economic Growth

      • Kenneth J. Arrow
      Pages 11-18

    3. The Elements of Social Capability

      • Moses Abramovitz
      Pages 19-47

    4. Social Absorption Capability and Innovation

      • Joseph E. Stiglitz
      Pages 48-81

    5. Social Absorption Capability, National Innovation Systems and Economic Development

      • Carl J. Dahlman, Richard Nelson
      Pages 82-122

    6. Social Absorption Capability and Economic Development

      • Leonid Hurwicz
      Pages 123-141

    7. Long-Run Growth and Public Policy

      • Vito Tanzi
      Pages 142-156

  4. Social Capability: Comparative International Experience

    1. Front Matter

      Pages 157-157
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    2. Decentralized Information Processing and Hierarchical Monitoring: The Case of Japan

      • Masahiko Aoki
      Pages 159-180

    3. Sociocultural Factors in the Industrialization of Korea

      • Bon Ho Koo
      Pages 181-202

    4. The Puzzles of Fairly Fast Growth and Rapid Collapse under Socialism

      • Stanislaw Gomulka
      Pages 203-220

    5. The Transition from Central Planning: East Asia’s Experience

      • Dwight H. Perkins
      Pages 221-241

    6. Latin American Development: From the ‘Black Box’ to the ‘Empty Box’

      • Fernando Fajnzylber
      Pages 242-265

    7. Absorptive Capacity and Industrial Growth: A Conceptual Framework and Korea’s Experience

      • Linsu Kim
      Pages 266-287

    8. Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries

      • Deepak Lal
      Pages 288-309

    9. Social Capability and Long-Term Economic Growth

      • Lawrence B. Krause
      Pages 310-327

  5. Back Matter

    Pages 328-356
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Keywords

About this book

What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.

Editors and Affiliations

  • Hanyang University, Seoul, Korea

    Bon Ho Koo

  • Financial Reform Commission, Ministry of Finance, Government of Korea, Korea

    Bon Ho Koo

  • Harvard Institute for International Development, Harvard University, USA

    Dwight H. Perkins

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