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The advance of economic globalization has led many academics, policy-makers and activists to warn that it leads to a 'race to the bottom.' In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services risk detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but...
Author
Description
Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography, or perhaps ignorance of the right policies? Simply, no. None of these factors is either definitive or destiny. In this book the authors show that it is man-made political and economic institutions that underlie economic success (or lack of it). Based on fifteen years of original research, they marshall...
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