Download or read book Frontier Expansion and Economic Development written by d B. Barbier and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although finding new frontiers or reserves of natural resources to exploit has been the basis of much of global economic development for the past 500 years, frontier-based development does not appear to be producing sustained high rates of growth in today`s poorer economies. Through a two-sector model of frontier expansion and economic growth in a resource-dependent small open economy, this article demonstrates that such expansion will lead inevitably to a boom and bust pattern of long-run development, even if the economy`s terms of trade or commodity prices remain unchanged. Initially, it is always optimal for the economy to choose the maximum rate of frontier expansion and thus ensure an immediate economic boom. However, an eventual economic decline is unavoidable. This result provides an alternative explanation of recent empirical evidence that resource-abundant developing countries display lower than expected long-run rates of growth. (JEL O13, O41, Q32, Q33).
Download or read book Frontier Expansion and Economic Development written by Edward B. Barbier and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although finding "new frontiers", or "reserves", of natural resources to exploit has been the basis of much of global economic development for the past five hundred years, frontier-based development does not appear to be producing sustained, high rates of growth in today's poorer economies. Through a two-sector model of frontier expansion and economic growth in a resource-dependent small open economy, this paper demonstrates that such expansion will lead inevitably to a boom and bust pattern of long-run development, even if the economy's terms of trade or commodity prices remain unchanged. Initially, it is always optimal for the economy to choose the maximum rate of frontier expansion, and thus ensure an immediate economic boom. However, an eventual economic decline is unavoidable. This result provides an alternative explanation of recent empirical evidence that resource-abundant developing countries display lower than expected long-run rates of growth.
Download or read book Frontiers and Sustainable Economic Development written by Edward B. Barbier and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploiting new resource frontiers, such as agricultural land and mineral reserves, is a fundamental feature of economic development in poor economies. Yet frontier-based development is symptomatic of a pattern of economy wide resource exploitation in developing economies that (a) generate little additional economic rents, and (b) what rents are generated are not being reinvested in other sectors. Such development is inherently unsustainable. The following paper explains this phenomenon, and provides evidence that long-run expansion of agricultural land and oil and natural gas proved reserves across poor economies is associated with lower levels of real income per capita. The paper proposes a frontier expansion hypothesis to explain why the structural economic dependence of these economies on frontier land expansion and resource exploitation is not conductive to sustained long-run growth. The key to sustainable economic development in poor economies will be improving the economic integration between frontier and other sectors of the economy, targeting policies to improved resource management in frontier areas and overcoming problems of corruption and rent-seeking in resource sectors.
Download or read book Scarcity and Frontiers written by Edward B. Barbier and published by Cambridge University Press. This book was released on 2010-12-23 with total page 767 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 years ago, this exploitation of new 'frontiers' has often proved to be a pivotal human response to natural resource scarcity. This book provides a fascinating account of the contribution that natural resource exploitation has made to economic development in key eras of world history. This not only fills an important gap in the literature on economic history but also shows how we can draw lessons from these past epochs for attaining sustainable economic development in the world today.
Download or read book Innovation and Growth Chasing a Moving Frontier written by OECD and published by OECD Publishing. This book was released on 2009-12-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the OECD and the World Bank jointly take stock of how globalisation is posing new challenges for innovation and growth in both developed and developing countries, and how countries are coping with them.
Download or read book Understanding Long Run Economic Growth written by Dora L. Costa and published by University of Chicago Press. This book was released on 2011-10 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.
Download or read book Frontiers of Development Economics written by Gerald M. Meier and published by World Bank Publications. This book was released on 2001 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions from 35 leading economists, this forward-looking book explores the future of development economics against the background of the past half-century of development thought and practice. Outstanding representatives of the past two generations of development economists assess development thinking at the turn of the century and look to the unsettled questions confronting the next generation.The volume offers a thorough analysis of the broad range of issues involved in development economics, and it is especially timely in its critique of what is needed in development theory and policy to reduce poverty. An overriding issue is whether in the future 'development economics' is to be regarded simply as applied economics or whether the nature and scope of development economics will constitute a need for a special development theory to supplement general economic theory.'Frontiers of Development Economics' is an ideal reference for all those working in the international development community.
Download or read book Industrial Development in a Frontier Economy written by Yovanna Pineda and published by Stanford University Press. This book was released on 2009 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial Development in a Frontier Economy is pioneering microanalysis of 59 Argentinean corporations between 1890 and 1930 that explains Argentina's failure to develop an efficient manufacturing sector, even as countries in similar circumstances successfully modernized.
Download or read book Frontier Expansion in Amazonia written by Professor Marianne Schmink and published by University Press of Florida. This book was released on 1984 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a timely look at Amazonian development, the authors focus on the effects of colonization on indigenous populations, on settlement of the Amazon region, on environmental issues of resource management and agriculture, and on prospects for equitable economic development of the frontier.
Download or read book Commodity Frontiers and Global Capitalist Expansion written by Sabrina Joseph and published by Palgrave Macmillan. This book was released on 2019-07-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interdisciplinary edited collection explores the dynamics of global capitalist expansion through the concept of the ‘commodity frontier’. Applying an inductive approach rather than starting at the global level, as most meta-narratives have done, this book sheds light on how local dynamics have shaped the process of capitalist expansion into ‘uncommodified’ spaces. Contributors demonstrate that ultimately the evolution of frontier zones and their reconfiguration over time have transformed human ecology, labour relations and social, economic and political structures across the globe. Chapters examine agricultural and pastoral frontiers, natural habitats, and commodity frontiers with fossil fuels and mineral resources located in various regions of the world, including South America, Asia, Africa and the Arabian Gulf.
Download or read book The Economics of the Frontier written by Ronald Findlay and published by Springer. This book was released on 2016-11-16 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the economics of establishing a frontier by conquest or by peaceful settlement, the costs involved, and the optimum extension of the territory. The opening chapters discuss the most relevant literature about frontiers – conceptual, theoretical and empirical – and introduce the fundamental theoretical model for extending frontiers which is drawn on throughout the book. The authors use this theoretical apparatus by applying it to a number of historical cases. These include the division of the European territory between the Byzantine Empire, Islam and Western Europe, the creation and expansion of the Mongol Empire, the impact of the Black Death, the European discovery of the New World, the staples trade from 1870–1914, and the rise and fall of banditry in Brazil. The Economics of the Frontier brings together a collection of essays which explore how economically optimal frontiers were founded from sixth-century Europe through to twentieth-century Brazil.
Download or read book Natural Resources and Economic Development written by Edward Barbier and published by Cambridge University Press. This book was released on 2005 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of natural resource use and economic development in poor countries, first published in 2005.
Download or read book The Other Side Of The Frontier written by Linda L Barrington and published by Routledge. This book was released on 2018-02-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays by renowned scholars of Native American economic history, The Other Side of the Frontier presents one of the first in-depth studies of the complex interaction between the history of Native American economic development and the economic development of the United States at large. Although recent trends in the field of economics have encouraged the study of minority groups such as Asians and African Americans, little work has been done in Native American economic history. This text fills an existing gap in economic history literature and will help students come to a richer understanding of the effects that U.S. economic policy has had on the culture and development of its indigenous peoples.
Download or read book Natural Resources and Economic Growth written by Marc Badia-Miró and published by Routledge. This book was released on 2015-05-22 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the historical perspective. Part II captures the diversity of experiences, presenting thirteen independent case studies based on historical results from North and South America, Africa, Asia, Oceania and Europe. This book emphasizes that an abundance of natural resources is not a fixed situation. It is a process that reacts to changes in the structure of commodity prices and factor endowments, and progress requires capital, labour, technical change and appropriate institutional arrangements. This abundance is not a given, but is part of the evolution of the economic system. History shows that institutional quality is the key factor to deal with abundant natural resources and, especially, with the rents derived from their use and exploitation. This wide ranging volume will be of great relevance to all those with an interest in economic history, development, economic growth, natural resources, world history and institutional economics.
Download or read book Excerpt Frontier and Developing Asia written by Mr.Alfred Schipke and published by International Monetary Fund. This book was released on 2015-01-30 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an excerpt from Frontier and Developing Asia: the Next Generation of Emerging Markets. Frontier and developing Asia, which includes countries such as Vietnam, Cambodia, and Bangladesh, is located in the world’s fastest-growing region and has favorable demographics. Despite their heterogeneity, the countries share a number of common macroeconomic, financial, and structural challenges. The book addresses issues related to economic growth and structural transformation, as well as the risk of a poverty trap and rising income inequality. The book also analyses a number of financial sector and monetary policy framework issues.
Download or read book The Investment Frontier written by John Denis Haeger and published by State University of New York Press. This book was released on 1981-06-30 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American West did not grow in isolation from the East. On the contrary, New York financiers and other eastern entrepreneurs were crucial to America's western economic development, providing the necessary capital and expertise to transform the West into a productive part of the nation's economy. This thesis is powerfully demonstrated by John Denis Haeger in this study concerning the "Old Northwest" (the present-day states of Ohio, Michigan, Indiana, Illinois and Wisconsin) during the years 1815-1840. The result of years of research in manuscript collections and government documents, the book provides a comprehensive picture of early land speculators, examining their investments in farm lands, town lots, banks and transportation improvements, as well as their influence on western businessmen and institutions. It also explores their political and economic affairs on the East Coast, since these matters dramatically affected the scope of their western investments. Historians' generalizations about nonresident investors or eastern speculators have previously assumed a common type and business method when, in fact, easterners possessed varying economic goals and utilized different business strategies. To demonstrate this, Haeger compares and contrasts the promoter Charles Butler and the conservative speculators Isaac and Arthur Bronson, key figures among New York's financial elite, whose careers and strategies are for the first time described in detail. The activities of these investment pioneers, whose "every move was calculated to return profits," challenge the traditional images of westward expansion as a largely unplanned and spontaneous movement of people and capital.
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
