Chapter8LectureNotes

Chapter8LectureNotes - Intermediate Macroeconomics, 321...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Intermediate Macroeconomics, 321 Chapter 8 Growth II Instructor Geoffrey Williams Rutgers University March 4, 2009 Instructor Geoffrey Williams Chapter 8 Chapter 8 Is there some action a government of India could take that would lead the Indian economy to grow like Indonesias or Egypts? If so, what, exactly? If not, what is it about the “nature of India” that makes it so? The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, it is hard to think about anything else. Robert E. Lucas, Jr. Instructor Geoffrey Williams Chapter 8 A Few key Ideas Growth in incomes across countries seems to be driven by several things: Savings Population growth Technological progress Institutions, by which is meant things like rule of law, enforceable contracts, high levels of trust, etc Instructor Geoffrey Williams Chapter 8 A few books that discuss this in more detail The Elusive Quest for Growth by William Easterly Knowledge and the Wealth of Nations by David Warsh The Wealth and Poverty of Nations by David Landes Instructor Geoffrey Williams Chapter 8 ...
View Full Document

Page1 / 4

Chapter8LectureNotes - Intermediate Macroeconomics, 321...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online