How Growth Really Happens (eBook)

The Making of Economic Miracles through Production, Governance, and Skills

Michael Best (Autor)

eBook Download: EPUB

2018
320 Seiten
Princeton University Press (Verlag)
978-1-4008-9012-5 (ISBN)

Infos

A groundbreaking study that shows how countries can create innovative, production-based economies for the twenty-first centuryAchieving economic growth is one of today's key challenges. In this groundbreaking book, Michael Best argues that to understand how successful growth happens we need an economic framework that focuses on production, governance, and skills.This production-centric framework is the culmination of three simultaneous journeys. The first has been Best's visits to hundreds of factories worldwide, starting early as the son of a labor organizer and continuing through his work as an academic and industrial consultant. The second is a survey of two-hundred years of economic thought from Babbage to Krugman, with stops along the way for Marx, Marshall, Young, Penrose, Richardson, Schumpeter, Kuznets, Abramovitz, Keynes, and Jacobs. The third is a tour of historical episodes of successful and failed transformations, focusing sharply on three core elements-the production system, business organization, and skill formation-and their interconnections. Best makes the case that government should create the institutional infrastructures needed to support these elements and their interconnections rather than subsidize individual enterprises. The power of Best's alternative framework is illustrated by case studies of transformative experiences previously regarded as economic "e;miracles"e;: America's World War II industrial buildup, Germany's postwar recovery, Greater Boston's innovation system, Ireland's tech-sector boom, and the rise of the Asian Tigers and China.Accessible and engaging, How Growth Really Happens is required reading for anyone who wants to advance today's crucial debates about industrial policy, free trade, outsourcing, and the future of work.

Autor

Michael H. Best is professor emeritus of economics at the University of Massachusetts, Lowell, where he was codirector of the Center for Industrial Competitiveness. He has held numerous academic fellowships and participated in development projects with the United Nations, the World Bank, and governments in more than twenty countries. He is the author of The New Competition: Institutions of Industrial Restructuring and The New Competitive Advantage: The Renewal of American Industry.

Produkt-Details

• Erscheint lt. Verlag: 26.6.2018
• Zusatzinfo: 32 b/w illus., 7 tables, 1 maps
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: American system of manufacturing • Arsenal of Democracy • balance of trade • Business Development • Business Model • Capability • Capitalism • Case study • Chapter 9 • Charles Babbage • common-pool resource • Comparative Advantage • Competition • Competitive advantage • competitiveness • Customer • decentralization • Division of Labour • Economic Development • Economic Growth • economic interventionism • Economic planning • Economics • economist • economy • Economy of the United States • ecosystem • Edith Penrose • Emerging Technologies • Employment • Endogenous Growth Theory • Engineering • Entrepreneurship • Factory • Financial institution • Globalization • Governance • greater boston • High Tech • Human Resources • Industrial district • Industrial Organization • Industrial Policy • Industrial Revolution • Industry • Infrastructure • Innovation system • Institution • Investment • Investor • Jane Jacobs • Kaizen • Keynesian Economics • Machine Tool • Machining • Macroeconomics • Mainstream economics • Manufacturing • market analysis • Market Economy • Market Failure • Mass production • Measures of national income and output • Mittelstand • monetary policy • Multinational corporation • New Product Development • Paul Krugman • Planning • Policy • policy framework • Political Economy • product engineering • Production Engineering • Production Function • Productivity • Requirement • Research and Development • Resonate (company) • S&amp • S&T (company) • Scientist • Secondary sector of the economy • Silicon Valley • Strategic Management • Subsidy • Supply Chain • Supply (economics) • System integration • T (company) • Technological Change • Technology • Technology Management • Theory of the Firm • Total Quality Management • Toyota Production System • Unemployment • Venture Capital • vertical integration • War Production Board • Workforce • World War II
• ISBN-10: 1-4008-9012-8 / 1400890128
• ISBN-13: 978-1-4008-9012-5 / 9781400890125