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Cover A General Theory of Economic Development
A General Theory of Economic Development
Towards a Capitalist Manifesto
Sung-Hee Jwa
This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.
Restricted access
Monograph Book
Publication Date:
30 Jun 2017
DOI:
https://doi.org/10.4337/9781785367991
Collections:
Economics 2017
Cover The Disintegration of Production
The Disintegration of Production
Firm Strategy and Industrial Development in China
Editor:
Mariko Watanabe
In the past two decades, China has experienced rapid industrial and economic growth. This fascinating book explores the unique Chinese business strategy of vigorous market entry and low prices, which has been the key feature of this accelerated industrial growth.
Restricted access
Monograph Book
Publication Date:
26 Dec 2014
DOI:
https://doi.org/10.4337/9781783476428
Collections:
Economics 2014
Cover Property Rights, Land Values and Urban Development
Property Rights, Land Values and Urban Development
Betterment and Compensation in China
Li Tian
This book presents an analysis of betterment and compensation issues under the Land Use Rights (LURs) System in China since 1988. The topic originates from the observation of widening inequity and increasing uncertainty associated with the failure of government to adequately address betterment and compensation issues. An analytical framework of institutions and property rights is employed to examine socio-economic impacts under the LURs system, in particular, the role of the state is analyzed to explore the effects of government intervention in land markets.
Restricted access
Monograph Book
Publication Date:
26 Dec 2014
DOI:
https://doi.org/10.4337/9781783476404
Collections:
Economics 2014