In the early 1960s, fewer than five percent of Japanese owned automobiles, China’s per capita income was among the lowest in Asia, and living standards in South Korea’s rural areas were on par with some of the world’s poorest countries. Today, these are three of the most powerful economies on earth. Dwight Perkins grapples with both the contemporary and historical causes and consequences of the turnaround, drawing on firsthand experience in the region to explain how Asian countries sustained such rapid economic growth in the second half of the twentieth century.

East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South Korea) to Indonesia, Vietnam, Thailand, Malaysia, and China—a behemoth larger than all the other economies combined. While the overall picture of Asian growth is positive, no single economic policy has been effective regionwide. Interventionist policies that worked well in some countries failed elsewhere. Perkins analyzes income distribution, to uncover why initially egalitarian societies have ended up in very different places, with Japan, for example, maintaining a modest gap between rich and poor while China has become one of Asia’s most unequal economies.

Today, the once-dynamic Japanese and Korean economies are sluggish, and even China shows signs of losing steam. Perkins investigates whether this is a regional phenomenon or typical of all economies at this stage of development. His inquiry reminds us that the uncharted waters of China’s vast economy make predictions of its future performance speculative at best.

This book charts the vicissitudes of a rural community of papermakers in Sichuan. The process of transforming bamboo into paper involves production-related and social skills, as well as the everyday skills that allowed these papermakers to survive in an era of tumultuous change. The Chinese revolution—understood as a series of interconnected political, social, and technological transformations—was, Jacob Eyferth argues, as much about the redistribution of skill, knowledge, and technical control as it was about the redistribution of land and political power.

The larger context for this study is the “rural–urban divide”: the institutional, social, and economic cleavages that separate rural people from urbanites. This book traces the changes in the distribution of knowledge that led to a massive transfer of technical control from villages to cities, from primary producers to managerial elites, and from women to men. It asks how a vision of rural people as unskilled has affected their place in the body politic and contributed to their disenfranchisement. By viewing skill as a contested resource, subject to distribution struggles, it addresses the issue of how revolution, state-making, and marketization have changed rural China.

For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development.

This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.

For decades, Central America has faced market dependency, natural disasters, and political systems characterized by protectionist policies and low participation--situations that have had a tremendous impact on its economic development.

This two-volume set is a comprehensive assessment of Central America's position in the world economy, and it serves as a handbook for the important economic reforms Central America must undertake to become a viable competitor in the international economy.

The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945.

Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation.

The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.

In the 1980s, world recession, drought, civil conflict, and other forces brought major economic upheaval to the countries of Sub-Saharan Africa. Most of the early efforts by governments to stabilize their economies met with little success, but The Gambia was an exception. In 1985 the government introduced the Economic Recovery Program, one of the most sweeping reform programs attempted on the continent. The economy quickly stabilized, with the rate of inflation falling to below ten percent and the overall balance of payments in surplus for the first time since the early 1970s.

Economic Recovery in The Gambia examines The Gambia's success in depth. It analyzes a wide range of policy reforms-exchange rates, taxation, foreign debt, agriculture, state-owned enterprises, customs inspection-and in each case, the authors review problems the government faced, steps that were taken to address them, and the success and failures of the reform initiatives. These economic and institutional analyses are complemented by an examination of the politics of reform and the role that donor agencies played. The final chapter summarizes important lessons from The Gambia's experience, and provides insights for other countries in Sub-Saharan Africa.

Charles Kindleberger, an international economic specialist, seeks in this book to show how economic history and economic analysis can interact, giving particular attention to the question of how history can be used in a comparative setting to test economic models for generality. His history and examples span the seventeenth to the twentieth century. The important and unexpected result is to show how the applicable economic model in given instances is strongly conditioned by social, socio-psychological, and political settings in which a given stimulus elicits a particular response. As a by-product, Kindleberger throws light on the political economy of Western European states, especially in international economic dimensions, but also in technological change, scientific education, and economic growth.

In these spirited and lucid essays, Kindleberger discusses related and abiding economic questions: whether the creation of a world financial center is inevitable; what the possible bases for free trade are; how insights can be gained into present day multinational corporations; and how information networks can maximize benefits in trade, and can affect the quality of output, costs, and economies of scale.

Part of the author's interest is methodological. He believes that the comparative method—studying the same rather restricted problem in comparable economies in a fixed regional and temporal setting—yields richer insights than those available from the history of the single economy. While his own studies are limited to merchants, tariffs, free trade, capital markets, and ports, a methodological introductory chapter discusses a wider range of applications.

Brendan O’Flaherty brings the tools of economic analysis—incentives, equilibrium, optimization, and more—to bear on contentious issues of race in the United States. In areas ranging from quality of health care and education, to employment opportunities and housing, to levels of wealth and crime, he shows how racial differences among blacks, whites, Hispanics, and Asian Americans remain a powerful determinant in the lives of twenty-first-century Americans. More capacious than standard texts, The Economics of Race in the United States discusses important aspects of history and culture and explores race as a social and biological construct to make a compelling argument for why race must play a major role in economic and public policy. People are not color-blind, and so policies cannot be color-blind either.

Because his book addresses many topics, not just a single area such as labor or housing, surprising threads of connection emerge in the course of O’Flaherty’s analysis. For example, eliminating discrimination in the workplace will not equalize earnings as long as educational achievement varies by race—and educational achievement will vary by race as long as housing and marriage markets vary by race. No single engine of racial equality in one area of social and economic life is strong enough to pull the entire train by itself. Progress in one place is often constrained by diminishing marginal returns in another. Good policies can make a difference, and only careful analysis can figure out which policies those are.

The interactions between the elites and the lower classes of Latin America are explored from the divergent perspectives of three eminent historians in this volume. The result is a counterbalance of viewpoints on the urban and the rural, the rich and the poor, and the Europeanized and the traditional of Latin America during the late nineteenth and early twentieth centuries.

E. Bradford Burns advances the view that two cultures were in conflict in nineteenth-century Latin America: that of the modernizing, European-oriented elite, and that of the “common folk” of mixed racial background who lived close to the earth. Thomas E. Skidmore discusses the emerging field of labor history in twentieth-century Latin America, suggesting that the historical roots of today’s exacerbated tensions lie in the secular struggle of army against workers that he describes. In the introduction, Richard Graham takes issue with both authors on certain basic premises and points out implications of their essays for the understanding of North American as well as Latin American history.

China is emerging as a truly global economic and political power. China’s impact on Latin America and the Caribbean region is mixed, however—fostering a trade market for some countries, but creating competition for others.

This pioneering volume, produced by the Inter-American Development Bank’s Integration and Regional Programs Department and Research Department, provides a comprehensive overview of China’s economic policy and performance over recent decades and contrasts them with the Latin American experience. What are the underlying factors behind China’s competitive edge? What are the strategic implications of China’s rise for growth and development in Latin America? These questions open new avenues for thinking about revitalizing development strategies in Latin America in the face of China’s successful development and reduction of poverty. This insightful report is a must-read for analysts, policymakers, and development practitioners, not only in Latin America and the Caribbean, but wherever China’s presence is being felt.

The Emergence of China is a copublication of the David Rockefeller Center for Latin American Studies and the Inter-American Development Bank.

Leading writer Boris Kagarlitsky offers an ambitious account of 1000 years of Russian history. Encompassing all key periods in Russia's dramatic development, the book covers everything from early settlers, through medieval decline, Ivan the Terrible - the 'English Tsar', Peter the Great, the Crimean War and the rise of capitalism, the revolution, the Soviet period, finally ending with the return of capitalism after 1991.

Setting Russia within the context of the 'World System', as outlined by Wallerstein, this is a major work of historical Marxist theory that is set to become a future classic.

Named by the Times Literary Supplement as one of the 100 most influential books since the end of World War II, The End of Ideology has been a landmark in American social thought, regarded as a classic since its first publication in 1962.

Daniel Bell postulated that the older humanistic ideologies derived from the nineteenth and early twentieth centuries were exhausted, and that new parochial ideologies would arise. In a new introduction to the year 2000 edition, he argues that with the end of communism, we are seeing a resumption of history, a lifting of the heavy ideological blanket and the return of traditional ethnic and religious conflicts in the many regions of the former socialist states and elsewhere.

American households, businesses, and governments have always used intensive amounts of credit. The Engine of Enterprise traces the story of credit from colonial times to the present, highlighting its productive role in building national prosperity. Rowena Olegario probes enduring questions that have divided Americans: Who should have access to credit? How should creditors assess borrowers’ creditworthiness? How can people accommodate to, rather than just eliminate, the risks of a credit-dependent economy?

In the 1790s Alexander Hamilton saw credit as “the invigorating principle” that would spur the growth of America’s young economy. His great rival, Thomas Jefferson, deemed it a grave risk, inviting burdens of debt that would amount to national self-enslavement. Even today, credit lies at the heart of longstanding debates about opportunity, democracy, individual responsibility, and government’s reach.

Olegario goes beyond these timeless debates to explain how the institutions and legal frameworks of borrowing and lending evolved and how attitudes about credit both reflected and drove those changes. Properly managed, credit promised to be a powerful tool. Mismanaged, it augured disaster. The Engine of Enterprise demonstrates how this tension led to the creation of bankruptcy laws, credit-reporting agencies, and insurance regimes to harness the power of credit while minimizing its destabilizing effects.

New England's economy has a history as dramatic as any in the world. From an inauspicious beginning--as immigration ground to a halt in the eighteenth century--New England went on to lead the United States in its transformation from an agrarian to an industrial economy. And when the rest of the country caught up in the mid-twentieth century, New England reinvented itself as a leader in the complex economy of the information society.

Engines of Enterprise tells this dramatic story in a sequence of narrative essays written by preeminent historians and economists. These essays chart the changing fortunes of entrepreneurs and venturers, businessmen and inventors, and common folk toiling in fields, in factories, and in air-conditioned offices. The authors describe how, short of staple crops, colonial New Englanders turned to the sea and built an empire; and how the region became the earliest home of the textile industry as commercial fortunes underwrote new industries in the nineteenth century. They show us the region as it grew ahead of the rest of the country and as the rest of the United States caught up. And they trace the transformation of New England's products and exports from cotton textiles and machine tools to such intangible goods as education and software. Concluding short essays also put forward surprising but persuasive arguments--for instance, that slavery, while not prominent in colonial New England, was a critical part of the economy; and that the federal government played a crucial role in the development of the region's industrial skills.

Not since Charles and Mary Beard's The Rise of American Civilization has a narrative been written for the general reader and student alike that so superbly explicates the origins of American capitalism. Arguing that the central fact explaining the success of the American experiment is the development of the economy, the distinguished economic historian Stuart Bruchey shows the reciprocal relationship between economic growth and values, law, and social and political change, as well as between economic development and the more traditional variables of capital, labor, and resources.

Enterprising, risk-taking men and women in all walks of life are at the center of the remarkable story that is the American dream and reality. The farm family moving to an unfamiliar environment and trying new technology; the business executive or worker with a new idea for improving a machine; the jurist venturing down a different legal path to sharpen incentives to invest; lawmakers of all kinds risking tenure or office by giving priority to measures designed to entice capital and labor to their jurisdictions—these entrepreneurs provided the leaven that gradually raised the living standards of the average person to heights unknown anywhere in the past.

Twenty years in the writing, Enterprise summarizes the scholarly contributions of historians and social scientists. It reaches deep into the European past—to fourteenth-century Italy—to retrace the origins of American capitalism. The author tells the story of individual achievement and vertical social mobility and their triumph over obstacles, a never-ending theme of American enterprise. Whether Americans maintain those heights today or will suffer a decline as the price of 1980s “now-nowism”—as Richard Darman characterizes this decade of wanting everything, at once, and paying nothing—remains to be seen.

Malaysia interests development practitioners for many reasons, not least because of its remarkably rich natural environment. Environment and Development in a Resource-Rich Economy provides an invaluable analysis of major natural resource and environmental policy issues in the country during the 1970s and 1980s--a period of profound socioeconomic changes, rapid depletion of natural resources, and the emergence of serious air and water pollution problems.

What is path-breaking about this book is its emphasis on economics as a source of concepts and methods for analyzing natural resource and environmental issues and policy responses. The authors' access to unpublished data and key decision makers makes this account of extensive, field-based research an essential reference for policy makers and researchers concerned about environmental and natural resource management--both in Malaysia and throughout the globe. The book should be of particular interest for students who hope to understand more thoroughly the economic underpinnings of natural resource and environmental management policy.

This first detailed study of the bishops of Florence tells the story of a dynamic Italian lordship during the most prosperous period of the Middle Ages. Drawing upon a rich base of primary sources, George Dameron demonstrates that the nature of the Florentine episcopal lordship results from the tension between seigneurial pressure and peasant resistance. Implicit throughout is the assumption that episcopal lordship relied upon both the bishop’s jurisdictional power and his spiritual or sacramental power.

The story of the Florentine bishops illuminates important moments in Italian history. The development of the Florentine elite, for example, is closely tied to the political and economic privileges they derived from their access to ecclesiastical property. A study of the bishopric’s vast holdings in the major river valleys surrounding Florence also provides valuable insight into the nature of the interrelation between city and countryside. Comparisons with lordships in other Italian cities contrast with and define the nature of medieval lordship.

This economic, social, and political history addresses issues of concern to a wide audience of historians: the emergence of the commune, the social development of the nobility, the nature of economic change before the Black Death, and the transition from feudalism to capitalism.

When she was only nine, Dayani Baldelomar left her Nicaraguan village with nothing more than a change of clothes. She was among tens of thousands of rural migrants to Managua in the 1980s and 1990s. After years of homelessness, Dayani landed in a shantytown called The Widows, squeezed between a drainage ditch and putrid Lake Managua. Her neighbor, Yadira Castellón, also migrated from the mountains. Driven by hope for a better future for their children, Dayani, Yadira, and their husbands invent jobs in Managua’s spreading markets and dumps, joining the planet’s burgeoning informal economy. But a swelling tide of family crises and environmental calamities threaten to break their toehold in the city.

Dayani’s and Yadira’s struggles reveal one of the world’s biggest challenges: by 2050, almost one-third of all people will likely live in slums without basic services, vulnerable to disasters caused by the convergence of climate change and breakneck urbanization. To tell their stories, Douglas Haynes followed Dayani’s and Yadira’s families for five years, learning firsthand how their lives in the city are a tightrope walk between new opportunities and chronic insecurity. Every Day We Live Is the Future is a gripping, unforgettable account of two women’s herculean efforts to persevere and educate their children. It sounds a powerful call for understanding the growing risks to new urbanites, how to help them prosper, and why their lives matter for us all.