- Hardcover: 352 pages
- Publisher: Cambridge University Press; illustrated edition edition (7 Sep 2000)
- Language English
- ISBN-10: 052178302X
- ISBN-13: 978-0521783026
- Product Dimensions: 22.8 x 15.2 x 2.5 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 4,931,429 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.
Book Description
This book provides a critique of economic conventional wisdom about rent-seeking, corruption and the development process. It provides a new approach to understanding and explaining the effects of rent-seeking in different countries.
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First Sentence
For the economist, rents refer to 'excess incomes' which, in simplistic models, should not exist in efficient markets. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
For the economist, rents refer to 'excess incomes' which, in simplistic models, should not exist in efficient markets. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover
Mushtaq is probably one of the finest scholars to come out of South Asia, and his theory succinctly summarised in this readable book is of grand significance to those who are interested in how to make economies grow faster. To my mind, the framework has applications for even developed countries. I've never seen an economist tackle questions of determining political stability in conjunction with realistic growth policies. This should be on every economics course.
1 of 1 people found the following review helpful
Format:Paperback
The evolution of "Rent-Seeking" models provides us with an important tool to analyze each institutional setting. Starting with Kruegerfs classic article, it has become commonplace to argue that the resource costs of the prevailing distortions are multiplied several-fold by the existence of such activities. An advanced model by Mushtaq Khan et al shows the merit of thinking systematically about both the "input" and "outputs" of the rent-seeking process, which enables us to recognize that the wide range of rents from positive to negative ones could each be the "output" of a rent-seeking process. This effective approach shows us that the analysis of structure of rights ("outputs" of rent-seeking) is far outweighed in order to explain the overall effect of each specific rent-seeking process in each country or institution. This approach would be of great interest to international scholars in economics and political economy, in particular, those with reference to Asia.
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