TY - BOOK AU - Yang,Xiaokai AU - Sachs,Jeffrey ED - Wiley InterScience (Online service) TI - Economic development and the division of labor SN - 9780470752036 AV - HD75 .Y36 2008EBK PY - 2008/// CY - Malden, MA PB - Blackwell Publishers KW - Development economics KW - Economic development KW - POLITICAL SCIENCE KW - Public Policy KW - Economic Policy KW - bisacsh KW - BUSINESS & ECONOMICS KW - Government & Business KW - Development KW - Economic Development KW - Business Development KW - Structural Adjustment KW - General KW - fast KW - Arbeidsverdeling KW - gtt KW - Ontwikkelingseconomie KW - Economische ontwikkeling KW - Electronic books KW - local N1 - BIBINDX; COVER -- TABLE OF CONTENTS -- FIGURES -- TABLES -- FOREWORD -- PREFACE -- INTRODUCTION -- 1.1 CLASSICAL DEVELOPMENT ECONOMICS AND CAPITALIST ECONOMIC DEVELOPMENT -- 1.2 THE BREAKDOWN OF THE FIRST GLOBAL CAPITALIST SYSTEM AND NEOCLASSICAL DEVELOPMENT ECONOMICS -- 1.3 A RETURN TO CLASSICAL DEVELOPMENT ECONOMICS -- 1.4 THE SCIENTIFIC APPROACH TO DEVELOPMENT ECONOMICS -- Key Terms and Review -- Further Reading -- QUESTIONS -- Notes -- PART I Geography and Microeconomic Mechanisms for Economic Development -- GEOGRAPHY AND ECONOMIC DEVELOPMENT 2 -- 2.1 UNEVEN ECONOMIC DEVELOPMENT IN DIFFERENT PARTS OF THE WORLD -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 2.2 GEOGRAPHY AND DIVISION OF LABOR -- 2.3 EMPIRICAL LINKAGES OF GEOGRAPHY AND ECONOMIC DEVELOPMENT -- 2.3.1 Geographical correlates of economic development -- 2.3.2 Geography and levels of per capita income -- 2.3.3 Geography and growth of per capita income -- 2.3.4 Geographical effects on economic policy choices -- Key Terms and Review -- Further Reading -- QUESTIONS -- Notes -- DRIVING FORCE I ... EXOGENOUS COMPARATIVE ADVANTAGE AND TRADING EFFICIENCY 3 -- 3.1 USE OF THE CONCEPT OF GENERAL EQUILIBRIUM TO FIGURE OUT MECHANISMS FOR ECONOMIC DEVELOPMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 3.2 A RICARDIAN MODEL WITH EXOGENOUS COMPARATIVE TECHNOLOGICAL ADVANTAGE AND TRANSACTION COSTS -- 3.3 ANALYSIS OF DECISIONS VERSUS EQUILIBRIUM ANALYSIS OF DEVELOPMENT -- 3.4 PER CAPITA REAL INCOME, GDP, GNP, AND PPP -- 3.5 ECONOMIC DEVELOPMENT AND TRADE POLICY -- 3.6 COMPARATIVE ENDOWMENT ADVANTAGE AND TRANSACTION EFFICIENCY -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- DRIVING FORCE II ... ENDOGENOUS COMPARATIVE ADVANTAGE AND TRADING EFFICIENCY 4 -- 4.1 ENDOGENOUS VERSUS EXOGENOUS COMPARATIVE ADVANTAGES -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 4.2 CONFIGURATIONS AND CORNER SOLUTIONS IN A SMITHIAN MODEL -- 4.3 HOW THE MARKET COORDINATES DIVISION OF LABOR TO UTILIZE NETWORK EFFECTS AND PROMOTE ECONOMIC DEVELOPMENT -- 4.4 MORE EXAMPLES -- 4.5 PATTERN OF TRADE -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- DRIVING FORCE III ... ECONOMIES OF SCALE AND TRADING EFFICIENCY 5 -- 5.1 ECONOMIES OF SCALE AND ECONOMIC DEVELOPMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 5.2 GENERAL EQUILIBRIUM MODELS OF ECONOMIC DEVELOPMENT WITH TRADE-OFFS BETWEEN ECONOMIES OF SCALE, CONSUMPTION VARIETY, AND TRANSACTION COSTS -- 5.3 THE ETHIER MODEL WITH TRANSACTION COSTS -- 5.4 THE MURPHY ... SHLEIFER ... VISHNY (MSV) MODEL OF BIG-PUSH INDUSTRIALIZATION -- 5.5 THE SACHS AND YANG MODEL WITH ECONOMIES OF SCALE, ENDOGENOUS DEGREE OF INDUSTRIALIZATION, AND TRANSACTION COSTS -- Key Terms and Review -- Further Reading -- QUESTIONS -- EXERCISES -- Notes -- 6 COEXISTENCE OF ENDOGENOUS AND EXOGENOUS COMPARATIVE ADVANTAGES AND PATTERNS OF DEVELOPMENT AND TRADE -- 6.1 UNDERDEVELOPMENT AND A DUAL STRUCTURE WITH UNDEREMPLOYMENT -- QUESTIONS TO ASK YOURSELF WHEN READING THIS CHAPTER -- 6.2 A SMITHIAN MODEL WITH A DUAL STRUCTURE IN THE TRANSITIONAL STAGE OF ECONOMIC DEVELOPMENT -- 6.3 GENERAL EQUILIBRIUM AND ITS INFRAMARGINAL COMPARATIVE STATICS -- 6.4 TRADE PATTERN IN THE PRE N2 - This innovative new book from Xiaokai Yang introduces students to development economics through the lens of inframarginal and marginal analyses, and shows how this way of thinking has influenced a shift back to classical economic theory within the field of economic development. Yang offers a thorough analysis of trade and macroeconomics not to be found in comparable works, and focuses on institutional and transaction cost issues of critical interest to development economists UR - https://doi.org/10.1002/9780470752036 ER -