American Economic Association

O: Economic Development, Technological Change, and Growth

Source: Journal of Economic Literature, Vol. 44, No. 4 (Dec., 2006), pp. 1124-1136
Published by: American Economic Association
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1124 0 Economic Development, Technological Change, and Growth

Explores the history of railroad safety, concentrat- N9 REGIONAL AND URBAN HISTORY

ing on the interplay of market forces, science and
technology, and legal and public pressures in shap-
ing its evolution. Discusses the beginning-American
railroad dangers and safety, 1828-73; off the
tracks-the changing pattern of derailments,
1873-1900; collisions and the rise of regulation,
1873-1900; the major risks from minor accidents,
1873-1900; engineering success and disaster- bridge
design and failure, 1840-1900; coping with the
casualties-companies, workers, and injuries,
1850-1900; safety crisis and safety first, 1900-20;
lobbying for regulation-transporting hazardous
substances, 1903-30; private enterprise and public
regulation-safety between the wars, 1922-39;
safety in war and decline, 1940-65; and the political
economy of railroad safety, 1830-1965. Aldrich is
Professor of Economics at Smith College. Index.
SMIL, VACLAV. Transforming the Twentieth Century:
Technical Innovations and Their Consequences. Ox-
ford and New York: Oxford University Press, 2006.
Pp. x, 358. $45.00. ISBN 0-19-516875-5.
JEL 2006-1441
Traces the evolution of important techniques re-
sponsible for the technical accomplishments of the
twentieth century and explains their genesis and
subsequent advances. Discusses transforming the
twentieth century-debts and advances; energy
conversions-growth and innovation; materials-old
techniques and new solutions; rationalized
production-mechanization, automation, and ro-
botization; transportation, communication, and
information--mass and speed; new realities and coun-
terintuitive worlds-accomplishments and concerns;
and a new era or an ephemeral phenomenon--outlook
for technical civilization. Smil is Distinguished Pro-
fessor in the Faculty of Environment at the University
of Manitoba. Name, corporate, and subject indexes.
See also: Book numbers JEL 2006-1303, 2006-1440
N8 MICRO-BUSINESS HISTORY
AGAR, NIGEL E. Behind the Plough: Agrarian Society
in Nineteenth-Century Hertfordshire. Hatfield,
U.K.: University of Hertfordshire Press, Hertford-
shire Publications; distributed by Independent Pub-
lishers Group, Chicago, 2005. Pp. viii, 193. $25.95,
paper. ISBN 1-9542189-5-7. JEL 2006-1443
Explores the rural society of Hertfordshire in the
nineteenth century. Discusses issues in population;
enclosure of the land; the development of agricul-
ture up to the great depression; farm machinery in
Hertfordshire; rural pauperism; landlord, tenant,
and laborer in the era of high farming; landed soci-
ety; forestry; the village community; housing in rural
Hertfordshire; the laborer's diet and health; trade
unions and pressure groups; and depression in
agriculture. Index.
CORBIN, ANNALIES. The Life and Times of the Steamboat
Red Cloud or How Merchants, Mounties, and the
Missouri Transformed the West. Foreword by William
E. Lass. Ed Rachal Foundation Nautical Archaeology
Series. College Station: Texas A&M University Press,
2006. Pp. xvii, 145. $45.00, cloth; $19.95, paper. ISBN
1-58544-484-7, cloth; 1-58544-516-9, pbk.
JEL 2006-1444
Examines the record of the steamboat Red Cloud
and derives information about the communities it
serviced and the people it conveyed in an ever-
changing and expanding western landscape. Dis-
cusses manifest destiny and the Missouri River West;
claiming the Missouri River-the evolution of the
steamboat eras; Fort Benton on the eve of economic
upturn-renewed business opportunities; the Red
Cloud on the Missouri, 1877; fortune building on the
high plains; freight between 1879-81; big business
on the Missouri River, 1882; and the loss of the Red
Cloud and the end of an era-Fort Benton in de-
cline, 1882-85. Corbin is Assistant Professor and
codirector of Underwater Archaeology at East
Carolina University. Bibliography; index.

JAMES, HAROLD. Family Capitalism: Wendels, Haniels,

O Economic Development, Technological
Falcks, and the Continental European Model. Cam-
Change, and Growth
bridge and London: Harvard University Press, Belk-
nap Press, 2006. Pp. xii, 434. $39.95. ISBN 01 ECONOMIC DEVELOPMENT
0-674-02181-9. JEL 2006-1442
AHMED,
Explores the interplay of three powerful SADIQ. Explaining South Asia's Development
social
Success:
constellations-families, states, and markets-in The Role of Good Policies. Washington,
the
European context. Discusses the age of the D.C.: World Bank, 2006. Pp. xi, 99. $10.00, paper.
individ-
ISBN 978-0-8213-6599-1. JEL 2006-1445
ual; the age of the corporation; the age of organiza-
tionalism; the age of the postwar miracle; and Explores
the age the factors that have contributed to the
development
of globalization. James is Professor of History and success of South Asia, focusing on the
good
International Affairs at Princeton University. policies that have shaped the region's devel-
Index.
opment outcomes. Discusses a comparative analysis
See also: Book number JEL 2006-1442 of development performance in South Asia; policies

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 0 Economic Development, Technological Change, and Growth 1125

for economic growth; policies for improving human University Press, 2005. Pp. xviii, 376. Rs 1115.00.
development; progress with public sector reforms; ISBN 0-19-567276-3. JEL 2006-1448
addressing the challenge of growing inequality; and Explores how India can attain an energy policy
future reform priorities. Ahmed is Sector Director that keeps in mind the well-being of the energy-
for Poverty Reduction and Economic Management environment-sustainability triad. Discusses the
in the South Asia Region of the World Bank. Index. global backdrop; energy supply up to 2020; pollution
and environmental/ecological degradation; conser-
ALIBER, MICHAEL; DE SWARDT, COBUS; DU TOIT, AN- vation and improvement in energy intensity; cost and
DRIES; MBHELE, THEMBA AND MTHETHWA, THEMBA. economic considerations; some current and emerg-
Trends and Policy Challenges in the Rural Economy: ing technologies; the Indian context; energy re-
Four Provincial Case Studies. Cape Town: HSRC sources in India; pollution and improvement of en-
Press; distributed by Independent Publishers ergy intensity; energy planning; and implementation
Group, Chicago, 2005. Pp. x, 109. Paper. ISBN 0- and policy instruments. Banerjee is Emeritus Pro-
fessor at the Indian Institute of Social Welfare and
7969-2100-8. JEL 2006-1446
Business
Four provincial case studies explore the Management. Index.
signifi-
cance of the challenges to rural development in
Africa and identify the potency and/or BASU,
limitations of
PRIYA. Improving Access to Finance for India's
existing policy and program interventions. CaseDirections in Development series.
Rural Poor.
studies discuss the Limpopo province (Themba
Washington, D.C.: World Bank, 2006. Pp. xxvii, 119.
Mthethwa); Western Cape (Andries du $25.00,
Toit); paper.
East- ISBN 0-8213-6146-5.
ern Cape (Cobus de Swardt); and Kwazulu-Natal JEL 2006-1449
(Themba Mbhele and Michael Aliber). Aliber is with
Examines the current level and pattern of access
the Human Sciences Research Council. De Swardt
to formal finance in India; evaluates various ap-
is with Transparency International. Du Toit is at
proaches to the
delivering financial services; analyzes the
University of the Western Cape. Mbhelepresent
is an inde-
lack of adequate financial access; and iden-
pendent consultant. Mthethwa is at the University of to the problem of financial exclusion.
tifies solutions
Limpopo. No index. Reviews the current level and pattern of access to fi-
nance for India's rural households, with a focus on
BAEZA, CRISTIAN C. AND PACKARD, TRUMAN the G.
poor. Considers what explains the lack of finan-
Beyond
cial access
Survival: Protecting Households from Health for India's rural poor. Examines recent ap-
Shocks
proaches in India to improve access to finance for
in Latin America. Latin American Development
Forum Series. Washington, D.C.: Worldthe rural Palo
Bank; poor. Provides some suggestions on what
needs
Alto: Stanford University Press, Stanford to be done to scale up access to finance. Index.
Econom-
ics and Finance, 2006. Pp. xxii, 170. $20.00, paper.
ISBN 0-8047-5674-0, cloth; 0-8047-5675-9,
BHATT, ELA pbk.
R. We Are Poor But So Many: The Story
JEL 2006-1447of Self-Employed Women in India. South Asia Series.
Reviews existing and new evidence on Oxford
the mech-
and New York: Oxford University Press,
2006. effects
anisms and magnitude of the impoverishing Pp. viii, 233. $45.00. ISBN 0-19-516984-0.
of health events and the importance of public pol- JEL 2006-1450
icy to prevent such impoverishment. Explores
Discusses the lives of self-employed women in
health care systems in Latin America and
India, the on the importance of placing women
focusing
Caribbean-functions and organization; at thehealth
center of economic reform. Explores the for-
shocks, household welfare, and the risk mation of a women's trade union in India-the Self-
of poverty;
public policy's role in household perception, prepa-
Employed Women's Association. Discusses being
ration, and protection against health shocks; the
poor, role
a woman, and self-employed. Examines rag
of alternative risk-pooling arrangements; risk pool-
pickers, chindi and garment stitchers, vendors,
ing for everyone-the challenges posed banking, by a grow-
health care, and embroiderers, gram haat,
ing informal economy; and the quest for efficiency
and sukhi. Bhatt is the founder of the Self-Employed
and universal coverage-health sector Women's reform Association.
in Index.
Latin America and the Caribbean. Baeza is Lead
Health Policy Specialist, and Packard is Senior BLACKMAN, ALLEN, ed. Small Firms and the Environ-
Economist, in the Latin America and the Caribbean
ment in Developing Countries: Collective Impacts,
Region at the World Bank. Index.
Collective Action. Washington, D.C.: Resources for
the Future, 2006. Pp. x, 246. $75.00, cloth; $32.95,
BANERJEE, BANI P Handbook of Energy and the Envi- paper. ISBN 1-933115-28-9, cloth; 1-933115-29-7,
ronment in India. Oxford and New York: Oxford pbk. JEL 2006-1451

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1126 0 Economic Development, Technological Change, and Growth

Eleven papers explore issues surrounding small CHAI, JOSEPH C. H. AND ROY, KARTIK C. Economic Re-
firms (SF) and the environment in developing form in China and India: Development Experience in
countries, including how important SF pollution is, a Comparative Perspective. Cheltenham, U.K. and
whether forcing SFs to comply with environmen- Northampton, Mass.: Elgar, 2006. Pp. v, 295. $130.00.
tal regulations exacerbates unemployment and ISBN 978-1-84064-987-1. JEL 2006-1453
poverty, and what policy options are available to Presents a comprehensive comparison of the de-
control SF pollution. Papers discuss the benefits velopment experiences of China and India, covering
and costs of controlling SF pollution-informal not only economic but also social, political, and en-
brickmaking in Ciudad Ju irez, Mexico; small-scale vironmental aspects of the countries' development.
industry, poverty, and the environment-a case Compares the initial conditions and the develop-
study of Ecuador; policy options for controlling SF ment strategies of the two countries. Examines the
pollution-informal brickmaking in Northern Mex- institutions for control and allocation of resources in
ico; economic incentives for cleaner small and both countries to implement their alternative
medium enterprises-evidence from Malaysia; im- development strategies. Analyzes the role of agri-
proving environmental performance of small firms culture in development in both countries, and com-
through joint action-Indian tannery clusters; using pares and evaluates the agricultural development
supply-chain networks to help small- and medium- policies they adopt. Discusses industrial and tech-
sized enterprises adopt environmental management nology policy. Considers the foreign sectors of the
systems-the Guadalajara environmental manage- two economies. Explores the growth of capital stock
ment pilot; clean and competitive-small-scale in both countries. Studies labor resources in both
bleachers and dyers in Tirupur, India; small firms countries. Investigates the social and political de-
and clean technologies-informal brickmaking in velopment strategies as well as the environmental
Ciudad Juirez, Mexico; leather tanning in Le6n, policy of the two countries, and evaluates the results
Mexico; small-scale agroindustry, trade, and the of half a decade of developments in both countries
environment-coffee processing in Honduras; and in terms of growth, equity, standard of living,
the ancillary carbon benefits of SO2 reductions--a women's empowerment, democratization, and envi-
small-boilerpolicy in Taiyuan, People's Republic of ronmental degradation. Reviews the earlier
China. Blackman is Fellowin the Quality of the En- comparisons between the two Asian giants and sum-
vironment Division of Resources for theFuture. marizes the major findings of the study. Chai is for-
Index. merly Associate Professor of Economics, and Roy is
Associate Professor of Economics, at the University
BOURGUIGNON, FRANQOIS; PLESKOVIC, BORIS AND VAN of Queensland. Index.
DER GAAG, JACQUES, eds. Annual World Bank Con-
ference on Development Economics-Europe 2006: COUDOUEL, ALINE AND PATERNOSTRO, STEFANO, eds.
Securing Development in an Unstable World. Wash- Analyzing the Distributional Impact of Reforms. Vol-
ington, D.C.: World Bank, 2006. Pp. viii, 188. ume 2. A Practitioner's Guide to Pension, Health,
$24.00, paper. ISBN 0-8213-6107-4. Labor Markets, Public Sector Downsizing, Taxation,
JEL 2006-1452 Decentralization, and Macroeconomic Modeling.
Seven papers, originally presented at the sev- Washington, D.C.: World Bank, 2006. Pp. xxx, 435.
enth Annual Bank Conference on Development $40.00, paper. ISBN 978-0-8213-6348-5.
Economics held in Amsterdam in May 2005, ex- JEL 2006-1454
plore issues surrounding securing development in Seven papers contribute to the analysis of the dis-
an unstable world. Papers discuss stability, security, tributional impacts of selected categories of policy
and development-an introduction (Francois and institutional reform. Papers discuss pension sys-
Bourguignon); development in an unstable tem reforms (Anita M. Schwarz); health sector re-
world-a Japanese experience to promote human forms (Mattias Lundberg and Limin Wang); selected
security (Hisashi Owada); the other path to labor market reforms (Aline Coudouel and Pierella
growth-private sector development (Gerrit Zalm); Paci); public sector downsizing (Juan Jose Diaz); in-
trade and development (Ernesto Zedillo); macroeco- direct tax and public pricing reforms (David Coady);
nomic vulnerability in low-income countries and aid decentralization reforms (Kai Kaiser); and macro-
responses (Patrick Guillaumont); vulnerability--a economic shocks and policies (B. Essama-Nssah).
micro perspective (Stefan Dercon); and scaling up Volume 1 covers trade, monetary and exchange rate
access to HIV prevention, treatment, and care in re- policy, utility provision, agricultural markets, land
source-poor settings--challenges and opportunities policy, and education. Coudouel is Senior Econo-
(Joep M. A. Lange). Bourguignon and Pleskovic are mist with the Poverty Group, and Paternostro is
at the World Bank. Van der Gaag is at the University Lead Economist in the Africa Region Human
of Amsterdam. No index. Development Group, at the World Bank. No index.

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 0 Economic Development, Technological Change, and Growth 1127

GODINOT, XAVIER AND WODON, QUENTIN, eds. Partic-
ipatory Approaches to Attacking Extreme Poverty:
Case Studies Led by the International Movement
ATD Fourth World. World Bank Working Paper, no.
77. Washington, D.C.: World Bank, 2006. Pp. xii,
115. $20.00, paper. ISBN 0-8213-6625-4.
JEL 2006-1455
Seven papers, resulting from a World Bank sem-
inar held in October 2005, explore extreme poverty
and how helping the very poor to emerge from
poverty requires extra public resources, effort, time,
and a broader approach to development policy. Pa-
pers discuss a knowledge that leads to action (Joseph
Wresinski); making services work for very poor peo-
ple-comments on the World Development Report
2004 (Xavier Godinot); making health services work
for poor people-ten years of work in Tananarive,
Madagascar (Chantal Lareau, Caroline Blanchard,
and Godinot); taking the time to learn from the poor
in Tanzania (Niek Tweehuysen and Andrew Hayes);
enabling children to learn in Latin America (Inter-
national Movement ATD Fourth World); the story
of the "Unleashing Hidden Potential" seminar in the
United States (Carl Egner); and another approach to
poverty indicators in Belgium (Johan Bellens, Rdgis
De Muylder, B6atrice Meurant, Henk Van
Hootegem, and Frank Vereecken). Godinot is Di- Economic Growth, Delhi. Narayanan is with the In-
dian Institute of Technology, Mumbai. Das is at the
rector of the Research and Training Institute of the
International Movement ATD Fourth World. University of Delhi. No index.
Wodon is Lead Poverty Specialist in the Poverty Re-
duction and Economic Management Unit of the
MABIZELA,
Africa Region Department of the World Bank.tion: No A Study of Public-Private Partnerships in the
index.
JAMISON, DEAN T., ET AL., eds. Disease and Mortality
in Sub-Saharan Africa. Second edition. Washington,
D.C.: World Bank, [1991] 2006. Pp. xxii, 387.
$60.00. ISBN 0-8213-6397-2. JEL 2006-1456
Revised and updated second edition contains
twenty-four papers that assist the World Bank's work
in the health sector by describing conditions and dis-
eases that contribute most to the overall burden of
disease in sub-Saharan Africa, and identify ways to
prevent and manage these causes of ill health. Pa-
pers discuss an overview of changing patterns of dis-
ease and mortality in sub-Saharan Africa; levels and
trends in mortality in sub-Saharan Africa; trends in
child mortality, 1960-2000; levels and trends of adult
mortality; causes of death; population and mortality
after AIDS; levels and patterns of mortality at IN-
DEPTH demographic surveillance systems; trends
and issues in child undernutrition; diarrheal dis-
eases; developmental disabilities; acute respiratory
infections; vaccine-preventable diseases; tuberculo-
sis; malaria; onchocerciasis; maternal mortal-
ity; HIV/AIDS; lifestyle and related risk factors
for chronic diseases; diabetes mellitus; cancers;
cardiovascular disease; mental health and the abuse
of alcohol and controlled substances; neurological
disorders; and violence and injuries. Coeditors are
Richard G. Feachem, Malegapuru W. Makgoba,
Eduard R. Bos, Florence K. Baingana, Karen J. Hof-
man, and Khama O. Rogo. Jamison is Professor at
the Institute for Global Health at the University of
California, San Francisco. Index.
[KRISHNA, KOSARAJU LEELA] India: Industrialisation in
a Reforming Economy: Essays for K L Krishna.
Edited by Suresh D. Tendulkar, Arup Mitra, K.
Narayanan, and Deb Kusum Das. New Delhi: Aca-
demic Foundation, 2006. Pp. 637. $69.95. ISBN 81-
7188-488-1. JEL 2006-1457
Twenty-four papers explore Indian indu
tion in the context of market-enhancing
liberalizing reforms that have been tak
Papers focus on Indian industrialization
efficiency and total factor productivity; ur
employment, and infrastructural issues for
dustries; trade and Indian industrializa
and technology transfer in Indian industrie
dian industry and environment. Tendulk
the Centre for Development Economics at
School of Economics. Mitra is with the Institute of
MAHLUBI. The Business of Higher Educa-
Provision of Higher Education in South Africa.
HSRC Research Monograph. Cape Town: HSRC
Press; distributed by Independent Publishers
Group, Chicago, 2005. Pp. xiii, 97. Paper. ISBN
0-7969-2092-3. JEL 2006-1458
Examines the reasons why and the way in wh
public-private partnerships arose in the provisio
higher education in South Africa and examines
roles and responsibilities of partner institutions.
cusses the impact of public-private partnership
the higher education landscape in South Africa
scribes the rapid growth of public-private educa
partnerships in the 1990s. Studies the critical de
ing features of these partnerships. Explores t
nikon sector partnerships. Reports on univer
sector partnerships. Examines student enrollme
in partnership programs in both technikon and
versity sectors in greater depth. Describes the r
and responsibilities of partner institutions. Discu
the factors that led institutions to engage in p
nerships. Considers the potential dichotomy
tween the concept of "the public good" and the
ement of private profit, and analyzes the
forward for public-private partnerships in the
vision of higher education in South Africa. Mab

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1128 0 Economic Development, Technological Change, and Growth
is with the Human Sciences Research Council. No Co-operation and Development, 2006. Pp. 151.
index. Paper. ISBN 92-64-02441-7. JEL 2006-1461
Discusses policy decisions and strategies that are
NOMANI, FARHAD AND BEHDAD, SOHRAB. Class and aimed at maximizing the net benefits accruing to
Labor in Iran: Did the Revolution Matter? Modern African economies from the ascendancy of China
Intellectual and Political History of the Middle East and India. Examines impact channels; the Asian
series. Syracuse: Syracuse University Press, 2006. drivers' global macroeconomic impacts; Africa and
Pp. xiii, 268. $49.95, cloth; $24.95, paper. ISBN global commodity markets; the Asian drivers as mar-
0-8156-3070-0, cloth; 0-8156-3094-8, pbk. kets for African exports; the Asian drivers as po-
JEL 2006-1459 tential competitors; Dutch disease and the Leamer
Explores the reconfiguration of the class nature of triangle; foreign direct investment; medium- and
the Iranian work force over the past three decades. long-term scenarios; and policy implications.
Discusses class and revolution; a conceptual frame- Bibliography; no index.
work for analysis of social classes; postrevolutionary
economic crisis-structural involution and deinvo- OYELARAN-OYEYINKA, BANJI. Learning to Compete in
lution; population growth and the supply of labor; African Industry: Institutions and Technology in De-
revolution and reconfiguration of classes; the nature velopment. Aldershot, U.K. and Burlington, Vt.: Ash-
of women's marginalization in employment; modes gate, 2006. Pp. xvi, 191. $99.95. ISBN 0-7546-
of production and classes-urban and rural division; 4643-2. JEL 2006-1462
classes and unequal life opportunities; and revolu- Examines the institutional roots o
tion and labor. Nomani is Professor and Cochair of differences in the economic perfor
the Department of Economics at the American Uni- industries, and countries in Africa
versity of Paris. Behdad is John. E. Harris Chair in retical aspects of institutions, tech
Economics at Denison University. Bibliography; path-dependent character of inst
index. Explores the links between differen
nological knowledge and the learn
ORGANISATION FOR ECONOMIC CO-OPERATION AND which they are created in African
DEVELOPMENT. OECD Review of Agricultural Poli-the types and sources of skills a
cies: South Africa. Paris and Washington, D.C.:
African industry, employing field d
Organisation for Economic Co-operation and De-
ple African countries. Employs new
velopment, 2006. Pp. 181. Paper. ISBN 92-64-to analyze the nature of networks
03679-2. JEL 2006-1460 within Africa's emergent systems of
amines
Reviews the agricultural policies the ways
of South Africain which physica
such
as part of an initiative to provide as roads
analyses ofand energy constrain
agri-
activity of
cultural policies for major agricultural firms. Discusses the br
economies
outside the OECD area. Measures the firm
small extent of sup-
support and the limited s
ditional
port provided to agriculture using technology
the same method policy methods.
that the OECD employs to monitorformal agricultural
and formal institutions t
policies in the OECD countries. processes
Considersand the
the dynamics of clu
pol-
clustering
icy context, including a historical in Africa.
perspective; the Oyelaran-Oyey
Nations
agriculture and food sector in South University-Institute
Africa; dereg- for N
Index.
ulation of agricultural marketing and the impacts on
the agricultural markets; and South Africa's trade in
PAL,
agricultural products. Discusses IZZUD-DIN.
issues Islam and the Econ
in policy eval-
A Critical
uation, including the agricultural Analysis of Traditional In
policy framework;
ford
domestic policies; agro-food trade and New
policies; York: Oxford Univer
govern-
ment expenditures on agro-food Pp. xv, 159.
policies; theRs 395.00. ISBN 0-19
evalu-
ation of policy instruments and institutional JEL 2006-1463
arrangements, and the evaluation of support
Examines to
the national structure in
istan, the
South African agriculture. Examines which became
various the foundation
ef-
try, and
fects of existing policies and potential the reforms.
policy emergence of tradition
Bibliography; no index. effects on the economic and social
ple. Offers an outline of Pakistan
ORGANISATION FOR ECONOMIC CO-OPERATION AND itage. Underlines the limitations of
DEVELOPMENT. The Rise of China and India: What's was introduced through piecemeal
name of Islamic ideology by Gener
in It for Africa? Development Centre Studies. Paris
and Washington, D.C.: Organisation for Economic siders foreign trade and Pakistan's

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 0 Economic Development, Technological Change, and Growth 1129

Asian nation in the new world order. Bibliography; Oxford University Press, 2006. Pp. xxvii, 247. Rs
index. 955.00. ISBN 978-0-19-567642-6.
JEL 2006-1466
Develops a series of arguments to explore why
RANDALL, LAURA, ed. Changing Structure of Mexico:
markets in India do not undertake performance
Political, Social, and Economic Prospects. Second
monitoring of firms that they should, why financial
edition. Columbia University Seminar Series. Ar- institution creditors are not inclined to incur the
monk, N.Y. and London: Sharpe, 2006. Pp. xvii, 547.
high costs of monitoring the performance of small
$89.95, cloth; $34.95, paper. ISBN 0-7656-1404-9,
firms, why there is no effective takeover market in
cloth; 0-7656-1405-7, pbk. JEL 2006-1464
India, and why low capitalized companies artificially
Twenty-nine papers comprise a second edition
depress dividends in a way that does not reflect their
that explores the reinvention of Mexico in a way that
performance and profitability. Discusses market cap-
reflects the nation's various political, social, and eco-
italization and corporate governance; corporate gov-
nomic conditions. Papers focus on an overview of
ernance in India; the Indian financial system and its
Mexico; current policy issues; changes in sectors; re-
governance structures; corporate governance and
sources and the environment; and legal, political,
the principal-agent conflicts; a survey of low capi-
and social change. Randall is Professor Emerita of
talized companies in India; market for lemons and
the Department of Economics of Hunter College,
pecking order syndrome; dividend payout policy;
City University of New York. Index.
and improving corporate governance in India. Som
is Postdoctoral Research Fellow at ESSEC Business
ROCK, MICHAEL T. AND ANGEL, DAVID P. Industrial School. Index.
Transformation in the Developing World. Oxford Ge-
STILLWAGGON, EILEEN. AIDS and the Ecology of
ographical and Environmental Studies. Oxford and
Poverty. Oxford and New York: Oxford University
New York: Oxford University Press, 2005. Pp. xx, 243.
Press, 2006. Pp. ix, 260. $35.00. ISBN 0-19-
$95.00. ISBN 0-19-927004-X. JEL 2006-1465
Studies the conditions under which innovation and 516927-0. JEL 2006-1467
Explains the rapid spread of HIV in the
technological capacity building within the East Asian
poverty, malnutrition, and parasitic an
newly industrializing economies might be harnessed disease. Describes the health conditions t
toward the parallel task of driving down the energy, from the social and economic context in three re-
materials, and pollution intensity of economic activ-
gions of developing and transition economies. Cri-
ity and toward improving environmental quality lo-
tiques some of the methodological limitations in the
cally and globally. Explores East Asia's sustainability social and health sciences that encumber research on
challenge; late industrialization and technological
HIV and AIDS in developing countries, and criti-
capabilities building; policy integration-from tech-
cizes the policies that derive from those limited and
nology upgrading to industrial environmental im-
limiting methodologies. Offers pragmatic solutions to
provement; the role of environmental regulatory
social, economic, and biological factors that promote
agencies in sustainability-South Korea and In-
disease transmission, including the spread of HIV.
donesia; globalization, openness to trade and invest-
Stillwaggon is Associate Professor of Economics at
ment, technology transfer, and the environment-the
Gettysburg College. Index.
cement industry in East Asia; win-win environmen-
WORLD BANK. Global Monitoring Report 2006: Mil-
tal intensity or technique effects and technological
learning-evidence from Siam City Cement; the im- lennium Development Goals: Strengthening Mutual
pact of multinational corporations' firm-based en- Accountability, Aid, Trade, and Governance. Wash-
vironmental standards on subsidiaries and their ington, D.C.: Author, 2006. Pp. xxii, 225. $26.00,
suppliers-evidence from Motorola-Penang; global paper. ISBN 0-8213-6477-4. JEL 2006-1468
standards and the environmental performance of Assesses progress toward the Millennium Devel-
industry; implications for other industrializing opment Goals and highlights six key actions to ac-
economies; and prospects for policy integration in celerate progress toward the goals and strengthen
low income economies. Rock is Harvey Wexler Pro- mutual accountability. Discusses charting and sus-
fessor of Economics and Chair of the Economics taining progress in income poverty reduction; man-
Department at Bryn Mawr College. Angel is Pro- aging money for human development results; deliv-
fessor of Geography and Laskoff Professor of Eco- ering on commitments for aid, debt relief, and trade;
nomics, Technology, and Environment at Clark strengthening the performance of international fi-
University. Index. nancial institutions; monitoring developing-country
governance; monitoring and improving governance
SOM, LALITA S. Stock Market Capitalization and Cor- subsystems; and strengthening global checks and
porate Governance in India. Oxford and New York: balances. No index.

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1130 O Economic Development, Technological Change, and Growth
WORLD BANK INDEPENDENT EVALUATION GROUP. Pak- WORLD BANK. Managing the Implementation of De-
istan: An Evaluation of the World Bank's Assistance. velopment Projects: A Resource Kit on CD-ROM for
Washington, D.C.: World Bank, 2006. Pp. xviii, 104. Instructors and Practitioners: Course Syllabus and
$15.00, paper. ISBN 978-0-8213-6668-4. CD-ROM. WBI Learning Resources Series. Wash-
JEL 2006-1469 ington, D.C.: Author, 2006. Pp. vii, 66. $50.00, paper.
Examines World Bank assistance to Pakistan dur- ISBN 978-0-8213-6643-1. JEL 2006-1471
ing the period 1994-2003. Discusses the Bank's CD-ROM and accompanying syllabus present
program; macroeconomic stabilization; poverty re- learning materials related to project management
duction and social sector development; sustainable during a project's implementation phase. Learning
growth; and governance. Bibliography; no index. modules focus on understanding the project and
project management; structuring the project organ-
See also: Book numbers JEL 2006-1248, 2006-1260, ization; building the team; analyzing the project con-
2006-1287, 2006-1290, 2006-1294, 2006-1295, text; refining objectives, scope, and other project
2006-1299, 2006-1302, 2006-1306, 2006-1308, parameters; preparing the work breakdown struc-
2006-1311, 2006-1313, 2006-1314, 2006-1315, ture, responsibility matrix, and master summary
2006-1316, 2006-1317, 2006-1318, 2006-1319, schedule; planning and scheduling with the critical
2006-1320, 2006-1321, 2006-1323, 2006-1324, path method; obtaining management approval and
2006-1325, 2006-1326, 2006-1327, 2006-1329, support; designing control and reporting systems; or-
2006-1330, 2006-1331, 2006-1342, 2006-1350, ganizing procurement; executing and controlling the
2006-1351, 2006-1353, 2006-1357, 2006-1367, work; and terminating the project. No index.
2006-1371, 2006-1380, 2006-1394, 2006-1396,
2006-1411, 2006-1420, 2006-1449, 2006-1451, See also: Book numbers JEL 2006-1287, 2006-1290,
2006-1457, 2006-1460, 2006-1463, 2006-1465, 2006-1291, 2006-1302, 2006-1306, 2006-1314,
2006-1469, 2006-1471, 2006-1474, 2006-1478, 2006-1320, 2006-1323, 2006-1371, 2006-1445,
2006-1484, 2006-1489, 2006-1490, 2006-1491, 2006-1446, 2006-1454, 2006-1508
2006-1493, 2006-1495, 2006-1498, 2006-1505,
03 TECHNOLOGICAL CHANGE * RESEARCH
2006-1506, 2006-1508, 2006-1509, 2006-1510,
AND DEVELOPMENT
2006-1511, 2006-1512, 2006-1516, 2006-1519,
2006-1520, 2006-1521, 2006-1524, 2006-1527, AUDRETSCH, DAVID B. Entrepreneurship, Innovation
2006-1531, 2006-1533, 2006-1535 and Economic Growth. Cheltenham, U.K. and
Northampton, Mass.: Elgar, 2006. Pp. xxi, 512.
02 DEVELOPMENT PLANNING AND POLICY $145.00. ISBN 978-1-84542-748-1.
JEL 2006-1472
BERNARDI, LUIGI; FRASCHINI, ANGELA AND SHOME,Thirty-one papers, all previously published, ex-
plore issues in entrepreneurship, innovation, and
PARTHASARATHI, eds. Tax Systems and Tax Reforms in
economic growth. Papers concentrate on innovation,
South and East Asia. With a foreword by Vito Tanzi.
entrepreneurship, geography, evolution, economic
International Studies in Money and Banking, vol. 34.
London and New York: Taylor and Francis, Rout- growth, and policy. Audretsch is Director at the Max
ledge, 2006. Pp. xxvii, 279. £75.00. ISBN 0-415- Planck Institute of Economics and Ameritech Chair
38959-3. JEL 2006-1470 of Economic Development at Indiana University.
Name index.
Eleven papers identify and analyze the common
aspects of taxation in South and East Asian coun-
tries, the broad issues they faceBAINBRIDGE, WILLIAM SIMS
when devising taxAND Roco, MIHAIL C.,
policy, and the need to build aneds. Managing Nano-Bio-Info-Cogno
efficient tax ad- Innovations:
Converging of
ministration. Papers discuss an overview Technologies
the tax in Society. Dordrecht:
systems and main tax policy issues;Springer, 2006. Pp. of
the control vi, 390.
tax$129.00. ISBN 1-4020-
4106-3.
evasion and the role of tax administration; JEL
fiscal 2006-1473
fed-
Eighteen papers
eralism in the big developing countries-China and explore the unif
taking
India; democracy and welfare without place state;
welfare today among nanotechn
nology,on
features and effects of corporate taxation information
foreign technology, an
ence (NBIC).
direct investment; and country studies Papers discuss the e
of tax sys-
tems and tax reforms in South and Eastimplications
policy Asia, con- of converging ne
centrating on China, India, Japan,roadmapping convergence; NBIC co
Malaysia, South
Korea, and Thailand. Bernardi is nologies and the innovation econo
at the University
and opportunities
of Pavia. Fraschini is at the University of Eastern for the twenty
Piedmont. Shome is with the Indian Ministry
measuring of
the merger-examining th
Finance. Index. verging technologies; collaboration

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 0 Economic Development, Technological Change, and Growth 1131

technologies-education and practice; the cultural
challenges of cyberinfrastructure development; con-
verging technologies in developing countries; nan-
otechnology for biology and medicine; biologically in-
spired cellular machine architectures; cognitive
enhancement and the neuroethics of memory drugs;
neuropolicy (2005-35)-converging technologies
that enable neurotechnology, creating new ethical
dilemmas; information technology and cognitive sys-
tems; cognitive technologies; NBIC convergence and
technology-business coevolution-toward a services
science to increase productive capacity; an ethic for en-
hancing human performance through integrative tech-
nologies; science's confrontation with the law; human
enhancement and the emergent technopolitics of the
twenty-first century; and coevolution of social science
and emerging technologies. Bainbridge and Roco are
with the National Science Foundation. Index.
CHANDRA, VANDANA, ed. Technology, Adaptation, and
Exports: How Some Developing Countries Got It
Right. Washington, D.C.: World Bank, 2006. Pp. xviii,
381. $35.00, paper. ISBN 978-0-8213-6507-6.
JEL 2006-1474
Eleven papers explore cases in which diverse
developing countries leveraged technological adap-
tation to achieve technological parity with their com-
petitors in world markets. Papers discuss technology,
adaptation, and exports-how some developing
countries got it right (Vandana Chandra and Shashi
Kolavalli); India's software industry (Subhash Bhat-
nagar); electronics in Taiwan-a case of technolog-
ical learning (John A. Matthews); electronics in
Malaysia-export expansion but slow technical
change (Rajah Rasiah); explaining Malaysia's export
expansion in palm oil and related products (Rasiah);
salmon farming in Chile (Jorge Katz); wine produc-
tion in Chile (Jos6 Miguel Benavente); bridging the
knowledge gap in competitive agriculture-grapes in
India (Gopal Naik); closing the yield gap-maize in
India (Naik); technological change in Uganda's fish-
ery exports (Rose Kiggundu); and floriculture in
Kenya (Meri Whitaker and Shashi Kolavalli). Con-
tributors include economists. Chandra is an econo-
mist in the World Bank's Economic Policy and
Debt Department of the Poverty Reduction and
Economic Management Network. Index.
COOPER, RUSSEL; MADDEN, GARY; LLOYD, ASHLEY AND
SCHIPP, MICHAEL, eds. The Economics of Online
Markets and ICT Networks. Contributions to Eco-
nomics series. Heidelberg and New York: Springer,
Physica-Verlag, 2006. Pp. xi, 267. $79.95, paper. knowledge economy, and welfare theory (Wilfred
ISBN 3-7908-1706-6. JEL 2006-1475 Dolfsma); and beyond the codification debate--a
Sixteen papers, originally presented at the Inter-"naturalist" view of knowledge (Jorge Bateira).
national Telecommunications Society's Africa-Asia-Dolfsma is an economist and philosopher at Eras-
Australasia Regional Conference held in Perth inmus University Rotterdam. Soete is Joint Director
August 2005, analyze the economics of online mar-
kets and information and communications technol-
ogy networks. Papers discuss pricing and bundling of
shared information goods-the case of cable chan-
nels; the development of electronic payment systems;
behavioral frictions in online contracting-evidence
from Yankee auctions; online channel competition in
a differentiated goods market; competition and
growth in virtual markets; mobile network
prospects-a multisided platform analysis of com-
petition; real options and telecommunications regu-
lation; a discrete real options approach to access pric-
ing; optimal pricing with sunk cost and uncertainty;
efficient spectrum policy using real options and game
theoretic methods; a real options approach to in-
vestment evaluation with a network externality;
mixed logit analysis of carrier market share with
stated-preference data; information technology, cor-
porate performance, and firm size; a contingent val-
uation of terrestrial digital multimedia broadcasting;
consumer preference for new wireless data services;
and an international small- and medium-sized en-
terprise e-marketplace networking model. Cooper is
at the University of Western Sydney City Research
Centre. Madden, Lloyd, and Schipp are at the Curtin
Business School. Index.
DOLFSMA, WILFRED AND SOETE, Luc, eds. Under-
standing the Dynamics of a Knowledge Economy.
Studies in Evolutionary Political Economy. Chel-
tenham, U.K. and Northampton, Mass.: Elgar, 2006.
Pp. ix, 263. $120.00. ISBN 978-1-84542-307-0.
JEL 2006-1476
Nine papers examine the knowledge economy. Pa-
pers discuss the great synergy-the European En-
lightenment as a factor in modern economic growth
(Joel Mokyr); the knowledge-based economy and
the triple helix model (Loet Leydesdorff); reputa-
tion, leadership, and communities of practice-the
case of open source software development (Paul
Muller); new firms evolving in the knowledge
economy-problems and solutions around turning
points (Erik Stam and Elizabeth Garnsey); the coor-
dination and codification of knowledge inside a net-
work, or the building of an epistemic community-the
Telecom Valley case study (Nathalie Lazaric and
Catherine Thomas); governance forces shaping
economic development in a regional information
society-a framework and application to Flanders
(Theo Dunnewijk and Ren6 Wintjes); the state at
the crossroads-from welfare to the knowledge-
based society (Isabel Salavisa); knowledge, the

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1132 0 Economic Development, Technological Change, and Growth

at the United Nations University-Institute for New not enough (Daniel Lederman a
Technologies and the Maastricht Economic Re- oney). Hoekman and Javorcik
search Institute on Innovation and Technology and Bank and the Centre for Econom
Professor of International Economics at Maastricht Index.
University. Index.
JANSEN, DENNIS W., ed. The Ne
FRENKEN, KOEN. Innovation, Evolution and Complex- yond: Past, Present and Future.
ity Theory. Cheltenham, U.K. and Northampton, in the Economics of Public P
Mass.: Elgar, 2006. Pp. xii, 176. $95.00. ISBN 1- tenham, U.K. and Northampton
84376-197-1. JEL 2006-1477 Pp. ix, 207. $95.00. ISBN 1-84
Explores the evolution of complex artifacts in an JEL 2006-147
attempt to contribute to the evolutionarySeveneconom- papers, originally presen
ics of innovation. Discusses technology held
landscapes;
at Texas A&M University in
generalized genotype-phenotype maps; the a model of
definition of the New Econo
tions
technological paradigms; entropy statistics; for antitrust and regula
the early
evolution of steam engines; trajectories in air-
macroeconomic policy. Papers
craft and helicopters; and the advent of portable
productivity growth-lessons fr
resurgence
computers. Frenken is at Utrecht University. Index. (Dale W. Jorgenso
Kevin J. Stiroh); information te
HOEKMAN, BERNARD AND JAVORCIK, BEATAfactor productivity in U.S. serv
SMARZYN-
E. Triplett
SKA, eds. Global Integration and Technology Trans- and Barry P. Boswor
fer. Trade and Development series. Washington,
omy and the challenges for ma
D.C.: World Bank; Houndmills, U.K. and New York:
(Stephen G. Cecchetti); an intro
Palgrave Macmillan, 2006. Pp. xix, 346. $35.00,
tion policy in network industri
paper. ISBN 0-8213-6371-9, cloth; 0-8213-6125-2,
mides); persistent price dispersio
pbk. JEL 2006-1478 (Michael R. Baye, John Mor
Thirteen papers explore how Scholten); network
trade and foreign di- meltdown
economics
rect investment (FDI) can help (Stan
increase Liebowitz); and
economic
teach
growth by allowing firms to tap an old
into and economy
benefit from dog New
the global pool of knowledge.role of discuss
Papers a postal service in th
lessons
(Michael D. Bradley
from empirical research on international and Dennis
technology
diffusion through trade and is Professor
foreign of Economics
direct invest- at Tex
ment (Bernard Hoekman and NameBeata and subject indexes.
Smarzynska Ja-
vorcik); econometric versus case study approaches to
technology transfer (HowardLIPSEY, RICHARD
Pack); foreign G.; CARLAW,
direct in- KE
CLIFFORD
vestment, linkages, and technology T. Economic
spillovers (Kamal Transf
Purpose
Saggi); plant- and firm-level evidence onTechnologies
"new" trade and Lon
theories (James R. Tybout); theGrowth.
quantityOxford and New York:
and quality
of knowledge-the impact ofPress,
openness 2005. and Pp. xx, 595. $120
foreign
paper. ISBN
R&D on north-north and north-south 0-19-928564
technology
spillovers (Maurice Schiff and929089-X,
Yanling pbk.Wang);
JEL 2006-1480
the
knowledge content of machines-north-south
Explores the phenomenontradeof general purpose tech
nologies (GPTs)
and technology diffusion (Giorgio Barba and their relationship with econom
Navaretti,
Schiff, and Isidro Soloaga); growth.
exports and
Discusses economic
technology as revolution; two vie
performance-evidence from of a economic
panel of processes;
Chinesea structuralist-evolutiona
en-
decomposition;
terprises (Aart Kraay); foreign investment technology
and and technological chan
pro-
ductivity growth in Czech enterprises
a survey (Simeon
of GPTs in Western history; the emergen
Djankov and Hoekman); technological leadership
of sustained extensive growth in the west; populat
dynamics-the
and the choice of entry mode by foreign relation between extensive and
investors
tensive
(Javorcik); whether FDI increases growth;
the the emergence of
productivity of sustained intens
domestic firms-in search growth
of spillovers through
in the West; GPTs and related concepts in
literature;
backward linkages (Javorcik); product scale quality,
economies inpro-
economic growth;
ductive efficiency, and international
preciative theoriestechnology
of GPTs; formal models of GP
diffusion-evidence from plant-level paneltechnology
driven sustained growth; data enhanceme
policies;discipline
(Kraay, Soloaga, and Tybout); market and assessing technology
and cor- enhanceme
policies. Lipsey
porate efficiency--evidence from is Professor
Bulgaria Emeritus of Econo
(Djankov
and Hoekman); and innovation inSimon
ics at Mexico-NAFTA isCarlaw is Seni
Fraser University.

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 0 Economic Development, Technological Change, and Growth 1133

Lecturer in Economics at the University of Canter-
bury. Bekar is Associate Professor of Economics at
Lewis and Clark College. Bibliography; index.
MANN, CATHERINE L. Accelerating the Globalization of
America: The Role for Information Technology. With
Jacob Funk Kirkegaard. Washington, D.C.: Institute
for International Economics, 2006. Pp. xxx, 237.
$20.25, paper. ISBN 978-0-88132-390-0.
JEL 2006-1481
Examines the pattern of globalization of the
information technology (IT) sector and how global-
ization reduces the prices of these products. Dis-
cusses why an analysis of accelerating globalization
starts with the more narrow focus on IT products
and the IT and communications industries. Presents
data and analysis on the linkages between U.S. firms
and global marketplaces for IT production and de-
mand. Traces how the globalization of the IT indus-
try and the widespread diffusion of IT products have
affected the U.S. economy. Considers international
trade in IT products and examines the results of
deeper globalization of IT. Discusses the implica-
tions of the synergies between trade and technolog-
ical change for U.S. workers. Explores the next phase
of global integration-innovation itself, including
R&D, venture capital funding, and the pipeline of
research professionals. Describes a policy agenda
that could ensure that the benefits of technology-
enhanced globalization continue and are widely
shared. Mann is Senior Fellow at the Institute for
International Economics. Index.
DE LA MOTHE, JOHN. Innovation Strategies in Interde-
pendent States: Essays on Smaller Nations,
Regions and Cities in a Globalized World. New Hori-
zons in the Economics of Innovation series. Chel-
support of business R&D. Papers discuss behavioral
additionality of business R&D grant programs in
Australia; behavioral additionality of Austria's
industrial research promotion fund; behavioral ad-
ditionality in Austria's Kplus Competence Centre
Programme; behavioral additionality of the R&D
subsidies program of IWT-Flanders; behavioral ad-
ditionality of public R&D funding in Finland, Ger-
many, Japan, and Korea; behavioral additionality of
Innovation Norway's financial support programs; be-
havioral additionality of the UK SMART and LINK
schemes; behavioral additionality of the U.S. Ad-
vanced Technology Program; and behavioral addi-
tionality of the European Union's 5th Framework
Programme. No index.
ORGANISATION FOR ECONOMIC CO-OPERATION AND
DEVELOPMENT. ICT and Learning: Supporting Out-
of-School Youth and Adults. Paris and Washington,
D.C.: Organisation for Economic Co-operation and
Development, 2006. Pp. 171. Paper. ISBN 92-64-
01227-3. JEL 2006-1484
Six papers explore whether and to wh
formation and communication techn
be a useful tool for raising the educat
of out-of-school youth and adults.
ICT in adult education-defining t
(Neil Selwyn); adult learning and IC
spond to the diversity of needs (Be
Richard Sweet); connections betw
and out-of-school ICT programs for y
Wilhelm); reaching the most disadv
ICT and what works (Robert Kozma
Wagner); lessons on the uses of IC
school youth and adults in developi
(Bob Day and Rod Grewan); and ICT
and adult education-reflections on the roundtable

tenham, U.K. and Northampton, Mass.: Elgar, 2006. (Stephen McNair). Includes two brief case studies
Pp. ix, 244. $100.00. ISBN 1-84376-927-1. focusing on Korea and China. No index.
JEL 2006-1482
Examines the experiences of smaller states, re- SHANKS, SID AND ZHENG, SIMON. Econometric Model-
gions, and cities in the global economy. Discusses
ling of R&D and Australia's Productivity. Staff
the texture of the new economy; constructing ad-
Working Paper. Melbourne: Australian Productivity
vantage in the new economy; and cultures of the new
Commission, 2006. Pp. Irregular. Paper. ISBN 1-
economy. De la Mothe is at the University of Ottawa.
74037-199-2. JEL 2006-1485
Bibliography; index.
Undertakes a series of modeling exercises th
plore the effects of research and develo
ORGANISATION FOR ECONOMIC CO-OPERATION AND (R&D) on Australia's productivity. Discusse
DEVELOPMENT. Government R&D Funding and R&D affects productivity; an overview of tre
Company Behaviour: Measuring Behavioural Addi- R&D and productivity; the platform for quan
tionality. Paris and Washington, D.C.: Organisation analysis; data assembly and analysis; basic
for Economic Co-operation and Development, sions for the market sector; extended regressi
2006. Pp. 246. Paper. ISBN 92-64-02584-7. the market sector; industry estimates of the ef
JEL 2006-1483 R&D; further explorations of the effect of f
Twelve papers investigate the measurement of be- R&D; rising business investment in R&D; a
havioral additionality effects related to government return to R&D. No index.

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1134 0 Economic Development, Technological Change, and Growth

See also: Book numbers JEL 2006-1308, 2006-1344, choice under uncertainty-simple pro
2006-1394, 2006-1396, 2006-1402, 2006-1410, and use of some result; some macroe
2006-1441, 2006-1453, 2006-1457, 2006-1462, of foreign trade-a structural perspe
2006-1465, 2006-1480, 2006-1485, 2006-1487, plementarity and international trade-
2006-1488 developments in structural general eq
els. Lahiri is Vandeveer Professor of
04 ECONOMIC GROWTH AND AGGREGATE
Southern Illinois University, Carbonda
PRODUCTIVITY
fessor of Economics at the Indian Stat
DANA, ROSE-ANNE; LE VAN, CUONG; MITRA, TAPAN Index.
AND NISHIMURA, KAZUO, eds. Handbook on Optimal
Growth 1: Discrete Time. Berlin and New York: MUNDSCHENK, SUSANNE; STIERLE, MICHAEL H.;
Springer, 2006. Pp. xviii, 477. $199.00. ISBN 3-540- STIERLE-VON SCHUTZ, ULRIKE AND TRAISTARU,
32308-2. JEL 2006-1486 IULIA, eds. Competitiveness and Growth in Europe:
Fourteen papers provide surveys of and
Lessons some
Policy signifi-
Implications for the Lisbon Strat-
egy. INFER
cant results of the theory of optimal Advancesas
growth, in well
Economic Research series.
Cheltenham, U.K.
as the techniques of dynamic optimization and Northampton,
theory on Mass.: Elgar,
2006. Pp.
which they are based. Papers discuss x, 261. $110.00.
optimal growth ISBN 1-84542-662-2.
without discounting; optimal growth models with JEL 2006-1488
discounted return; duality theory inNine papers contribute
infinite horizon theoretical and empirical
evidence on in
optimization models; rationalizability competitiveness
optimal and growth in the
context
growth theory; stationary optimal of thein
stocks "Lisbon Strategy" formulated in
optimal
March 2000. Papers
growth theory-existence and uniqueness discuss economic growth in
results;
Europe-pursuing
optimal cycles and chaos; intertemporal the Lisbon strategy; elements
allocation
with a non-convex technology;and isotone
determinants recursive
of economic growth-lessons and
methods-the case of homogeneous policy implicationsagents;
for the European knowledge so-
ciety and innovation in
discrete-time recursive utility; indeterminacy system;
dis- lessons from twenty
crete-time infinite-horizon models; theory
years of cohesion; whether of the European Union
stochastic optimal economic growth;needs to the
revive von
productivity
Neu- growth; choosing be-
mann-Gale growth model and its tween the Anglo-Saxon
stochastic model and a European-style
gener-
alternative;
alization; equilibrium dynamics with manythe impact of institutions on the em-
agents;
and dynamic games in economics. ploymentDana threshold
is at in European
the labor markets,
University of Paris IX-Dauphine. 1979-2001;
Le Van European
is productivity
at the gaps and whether
University of Paris I-Pantheon R&D is the solution;
Sorbonne. measuring
Mitra isinventive perform-
at Cornell University. Nishimura ance of the isOECD
at countries
Kyoto using triadic patent
University. No index. families-reinventing the Lisbon challenge; and ed-
ucation, research, and economic growth--some
tests
LAHIRI, SAJAL AND MAITI, PRADIP, for Economic
eds. the United States and Germany. Mund-
The-
schenk is at the University
ory in a Changing World: Policymakingfor Growth. of Bonn and the London
School of Economics.
Oxford and New York: Oxford University Press, Stierle
2005. is with the European
Commission. Stierle-von Schiitz is at RWTH Aachen
Pp. xiv, 263. Rs 875.00. ISBN 0-19-567230-5.
JEL 2006-1487
University. Traistaru is at the University of Bonn.
Index.
Thirteen papers explore economic growth and
development from theoretical and empirical per-
spectives. Papers discuss embodied technical
PATTILLO, CATHERINE; GUPTA, SANJEEV AND CAREY,
KEVIN. Sustaining
change reconsidered; the Bose model and Accelerating Pro-Poor
and national
Growth in Africa. Washington,
income; a Keynesian model of endogenous growth D.C.: International
Monetary
with some classical features; notes Fund, 2006.con-
on optimal Pp. ix, 88. $25.00, paper.
trol theory for the neoclassical ISBN
model1-58906-494-1.
of growth; JEL 2006-1489
Examines whether
identifying the leading sector-analytics improvements in growth in
of a linear
Hayek-Inada economy; incomesub-Saharan Africa since the
distribution andmid-1990s are sus-
tainable
structural change in dual economy; and what types ofand
information growth strategies con-
price dynamics-evidence from tribute the most to potato
selected reducing poverty. Explores the
factors contributing
markets in West Bengal; the robustness of closed to this
or- recent improvement in
growth.
bits in a class of dynamic economic Presents an
models; analysis of the correlates of
incen-
growth accelerations.
tive contracts for faith-based organizations Discusses the consistency of
to deliver
the sub-Saharan
social services; education expenditure and Africa data with predictions di-
school
rectly linking such
participation-a theoretical and empirical areas as fiscal policy, financial
analysis;

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 0 Economic Development, Technological Change, and Growth 1135

development, or institutions and growth. Reviews Nine papers undertake an evaluation of Puerto
recent evidence regarding lessons on the type of Rico's economy and seek means of reinvigorating
growth process that is most effective at raising the growth. Papers discuss economic growth; labor sup-
incomes of the poor. No index. ply and public transfers; why more Puerto Rican
men don't work-the Rich Uncle (Sam) hypothesis;
See also: Book numbers JEL 2006-1344, 2006-1431, education and economic development; the climate
2006-1445, 2006-1472, 2006-1480, 2006-1485, for business development and employment growth;
2006-1492, 2006-1494 assessing Puerto Rico's fiscal policies; financing eco-
nomic development; trade performance and indus-
05 ECONOMYWIDE COUNTRY STUDIES
trial policy; and restoring growth-the policy
AFRICAN DEVELOPMENT BANK. African Developmentoptions. Collins and Bosworth are at the Brookings
Report 2005. Oxford and New York: Oxford Uni-Institution. Soto-Class is at the Center for the New
versity Press, 2005. Pp. xvi, 271. £16.99, paper. ISBNEconomy. Index.
0-19-928084-3. JEL 2006-1490
DEVLIN,
Provides an in-depth review of recent ROBERT; ESTEVADEORDAL, ANTONI AND
macroeco-
nomic performance and structural issues RODRiGUEZ-CLARE,
in Africa, ANDR9S, eds. The Emergence of
viewed from continental, regional, and China: Opportunities
national per- and Challenges for Latin
America and
spectives. Presents an overview of the African the Caribbean. Washington, D.C.:
econ-
omy in 2004. Provides regional economic Inter-American
profiles Development Bank; Cambridge,
that discuss individual country performances Mass.: David Rockefeller
and Center for Latin American
highlight the major changes that occurred Studies;
duringdistributed
the by Harvard University Press,
year. Discusses the state and economic development 2006. Pp. xxxi, 249. $26.95, paper. ISBN 0-674-
in Africa-theory, policy, and practice; public 02126-6. sector JEL 2006-1493
reforms in Africa-past, present, and future; Undertakes
public a preliminary assess
accountability and political and economic strategic
gover-implications that China's
nance; and public sector reforms in Africa-the formance role has for growth and develop
of the African Development Bank. Includes America now and in the near term. Provides con-
tables
providing economic and social statisticstextual on Africa.
background with an overview of the Chinese
No index. economy and the country's economic policy and
strategy for development. Analyzes the key ques-
AFRICAN DEVELOPMENT BANK GROUP AND OECD DE- tion of whether China's growing penetration of
VELOPMENT CENTRE. African Economic Outlook. world markets threatens or benefits Latin Ameri-
Paris and Washington, D.C.: Organisation for Eco- can countries. Examines the implications for flows
nomic Co-operation and Development, 2006. Pp. 588. of foreign direct investment to the region and
Paper. ISBN 92-64-02243-0. JEL 2006-1491 whether diversion of capital is a serious problem.
Presents a broad overview of the economies of Studies China's potential impact on one sector with
Africa. Provides a continent-wide perspective, draw- elimination of the Agreement on Textiles and
ing on the country studies and supplementary analy- Clothing in 2005. Highlights the challenges China
sis from the OECD Development Centre and the poses and the strengths Latin America commands.
African Development Bank, focusing on promoting No index.
and financing transport infrastructure. Presents
country studies of Algeria, Angola, Benin, Botswana, HANSEN, BRADLEY A. The National Economy. Green-
Burkina Faso, Cameroon, Chad, the Republic of wood Guides to Business and Economics series.
Congo, the Democratic Republic of Congo, C6te Westport, Conn. and London: Greenwood Press,
d'Ivoire, Egypt, Ethiopia, Gabon, Ghana, Kenya, 2006. Pp. xx, 173. $55.00. ISBN 0-313-33541-9.
Madagascar, Malawi, Mali, Mauritius, Morocco, JEL 2006-1494
Mozambique, Niger, Nigeria, Rwanda, Senegal, Provides an introduction to the American econ-
South Africa, Tanzania, Tunisia, Uganda, and omy for noneconomists, with an emphasis on
Zambia. No index. understanding long-term growth and short-run
fluctuations. Presents an overview of how market
COLLINS, SUSAN M.; BOSWORTH, BARRY P. AND SOTO- economies such as in the United States work. Ex-
CLASS, MIGUEL A., eds. Restoring Growth in Puerto amines how we measure economic performance.
Rico: Overview and Policy Options. Washington, Provides an explanation of long-term growth. Cov-
D.C.: Brookings Institution Press; San Juan, Puerto ers short-run fluctuations. Examines the roles of
Rico: Center for the New Economy, 2006. Pp. xiii, business, households, government, and the foreign
136. $16.95, paper. ISBN 978-0-8157-1550-4. sector in the national economy. Hansen is Associ-
JEL 2006-1492 ate Professor and Chair in the Department of

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All use subject to https://about.jstor.org/terms
 1136 P Economic Systems
Economics at the University of Mary Washington.
University Press, 2006. Pp. xv, 234. $29.95. ISBN 0-
Glossary; index. 19-929199-3. JEL 2006-1497
Provides a short history of how the world
KEDDIE, NIKKI R. Modern Iran: Roots economies placed themselves
and Results of on a successf
Revolution. Second edition. With ajectory
sectionandbyexamines
Yann the impact on growth,
Richard. New Haven and London:ity, Yaleand equality of letting free enterprise
University
leash.$19.00,
Press, [1981, 2003] 2006. Pp. xviii, 408. Discusses challenges to capital; austerit
paper.
ISBN 978-0-300-12105-6. JEL 2006-1495
vatization, and deregulation; finance and own
Explores the historical background globalization and international economic re
of the Iran-
ian Revolution and the evolution of the nation labor's retreats; growth and stability; and welf
since 1979, including recent events since 2003. income inequality. Glyn is with the Departm
Substantially revised and expanded version of Economics at Oxford University. Index.
Roots of Revolution: An Interpretive History of
Modern Iran (1981). Discusses religion and soci-LAL, DEEPAK. Reviving the Invisible Hand: T
ety to 1800; foundations of nineteenth-century for Classical Liberalism in the Twenty-Firs
Iran; continuity and change under the Qajars, tury. Princeton and Oxford: Princeton Uni
1796-1890; protest and revolution, 1890-1914; war Press, 2006. Pp. xii, 320. $29.95. ISBN 978-
and Reza Shah, 1914-41; World War II and 12591-6. JEL 2006-1498
Mosaddeq, 1941-53; royal dictatorship, 1953-77; Explores the drawbacks of the New Di
modern Iranian political thought; the revolution; questions the route the current imper
politics and economics under Khomeini, 1979-89; United States-has taken in not wholeh
politics and economics in post-Khomeini Iran; and porting the twin principles of lais
unilateral free trade. Discusses liberal
society, gender, culture, and intellectual life. Ked-
die is Professor Emerita of History at the Univer- economic orders; the move from laisse
sity of California, Los Angeles Select bibliography; Dirigiste Dogma; the changing fortunes
index. money and finance; poverty and inequal
and capitalism; "capitalism with a hum
the Greens and global disorder. Lal is
SAWYER, MALCOLM, ed. The UK Economy. Sixteenth
man Professor of International Develo
edition. Oxford and New York: Oxford University
ies at the University of California, Los
Press, 2005. Pp. xix, 266. Paper. ISBN 0-19-
926651-4. JEL 2006-1496 Professor Emeritus of Political
University College London. Bibliograp
Twelve papers explore issues in the U.K. economy.
Papers discuss the U.K. economy in context (R. L.
MARES, ISABELA. Taxation, Wage Barga
Harrington); the structure of the economy (Malcolm
employment. Cambridge Studies in
Sawyer); the United Kingdom and the European
Politics. Cambridge and New York
Union (Theo Hitiris); fiscal policy and the budget (R.
University Press, 2006. Pp. xviii, 266.
C. Bladen-Hovell); public expenditure (Peter M.
$27.99, paper. ISBN 0-521-85742-2,
Jackson); money and finance (Harrington); balance
of payments (David Gowland); firms67411-5,
andpbk. JEL 2006-1499
indus-
Explores why European economies were ab
tries-structure and policies (Sawyer); privatization
pursue the simultaneous commitment to ful
and regulation (Sawyer); employment, wages, and
ployment and welfare state expansion durin
unemployment (Francis Green); the distribution and
first decades of the postwar period, and why thi
redistribution of income (Sawyer); and environ-
mental and transport policy (John Bowers and Chris
tuous relationship broke down during re
decades. Reviews the literature on wage determ
Nash). Sawyer is Professor of Economics at the
tion in advanced industrialized societies. Exp
Leeds University Business School. Index.
the mechanisms by which welfare states chara
ized by different levels of taxes and different m
See also: Book numbers JEL 2006-1433, 2006-1464,
2006-1507 of transfers and services affect the wage behavi
unions and the equilibrium level of employm
Presents a comparative historical analysis of the
P Economic Systems lution of the wage-social policy nexus in Sw
Germany, and the United Kingdom in the pos
P1 CAPITALIST SYSTEMS period. Examines the politics of the "new
pacts"-tripartite agreements among unions,
GLYN, ANDREW. Capitalism Unleashed: Finance, Glob- ployers, and governments in which the partici
alization, and Welfare. Oxford and New York: Oxford attempt to link wage moderation to reforms o

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