PREVIEW

Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development (Book/ Paperback)

Product Overview

Why do some nations become rich while others remain poor? Traditional economic theory has done little to answer this question. Now, through case studies from Asia, Africa, Latin America, and Europe, Making Poor Nations Rich argues for examining the critical role entrepreneurs, private property rights, and free trade and other economic freedoms play in economic development.

This volume begins by explaining how entrepreneurs create economic growth and why some institutional environments encourage more productive entrepreneurship than others. The book then addresses countries and regions that have failed to develop because of barriers to entrepreneurship. Finally, the authors turn to countries that have developed by reforms that protect private property and grant greater levels of economic freedom.

Making Poor Nations Rich demonstrates that pro-market reforms are essential to promoting the productive entrepreneurship that leads to economic growth, and where this institutional environment is lacking, sustained economic development will remain elusive.

About the Author(s)