Discussion

1956 ◽  
Vol 16 (4) ◽  
pp. 479-481
Author(s):  
Forest G. Hill
Keyword(s):  
Economic Growth ◽  
Economic History ◽  
The United States ◽  
Comparative Approach ◽  
Role Of Government ◽  
Canadian Experience ◽  
Complex Development ◽  
Canadian Economic History ◽  
American Economy

Professor Fowke ably demonstrates the merit of a comparative approach to American and Canadian economic history. His penetrating analysis reveals how relevant the understanding of economic development in Canada is to the study of that in the United States. Of the two, the Canadian national period has been shorter, the essential lines of economic growth simpler, and the role of government clearer and more pronounced. Canadian experience thereby provides a fruitful comparative basis for analyzing the longer, more complex development of the American economy and the more varied, often puzzling, part taken by government.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

The Role of the Railroads in United States Economic Growth

1963 ◽  
Vol 23 (4) ◽  
pp. 477-521 ◽  
Author(s):  
Paul H. Cootner
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic History ◽  
The United States ◽  
History Of

The railroads played an important role in the economic history of the United States. It was an epic role, involving enterprise on a grand scale, evoking heated passions, and rich in anecdote and drama.

Commonwealth: A Study of the Role of Government in the American Economy: Massachusetts, 1774-1861

1948 ◽  
Vol 34 (4) ◽  
pp. 681
Author(s):  
Robert A. East ◽  
Oscar Handlin ◽  
Mary Flug Handlin
Keyword(s):  
Role Of Government ◽  
American Economy

Rising or Constrained Power?

2010 ◽  
Author(s):  
Eswaran Sridharan
Keyword(s):  
Economic Growth ◽  
High Growth ◽  
The United States ◽  
Asia Pacific ◽  
Necessary Condition ◽  
Sufficient Condition ◽  
Economic Weight ◽  
Rising Power ◽  
Global Influence

This chapter analyses India’s prospects as a rising power by asking what kind of power India has the potential to be, given its military, economic, and institutional capacities and the economic and geostrategic constraints it faces. It argues that while sustained high growth is a necessary condition it is not a sufficient condition since economic growth does not necessarily convert smoothly into greater power. Due to such conversion problems India, like some other powers, might not be able to exercise commensurate regional, extra-regional, and global influence as might appear to follow from the revival of sustained high growth and increased economic weight. The more achievable and likely alternative is that of a coalitional or bridging power that can play the role of an effective partner in the security and other spheres to a range of powers, principally to the United States and in the Asia-Pacific and Indian Ocean regions.

Institutions and the Ottoman Past

2018 ◽  
pp. 55-89
Author(s):  
Şevket Pamuk
Keyword(s):  
Economic Growth ◽  
Nineteenth Century ◽  
Economic Development ◽  
Human Development ◽  
Economic History ◽  
Economic Environment ◽  
Important Distinction ◽  
The Social ◽  
Proximate Causes

This chapter looks at the role of institutions in economic development and the evolution of Ottoman institutions before the nineteenth century. It argues that while institutions are not the only things that matter, it is essential to examine their role in order to understand Turkey's experience with economic growth and human development during the last two centuries. The economics and economic history literature has been making a related and important distinction between the proximate and deeper sources of economic growth. The proximate causes refer to the contributions made by the increases in inputs, land, labor, and capital and the productivity increases. The deeper causes refer to the social, political, and economic environment as well as the historical causes that influence the rate at which inputs and productivity grow.

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