Book contents
- Capitalism and Development
- Capitalism and Development
- Copyright page
- Contents
- Preface
- Acknowledgments
- 1The Populist Gamble
- 2The Growth Dilemma
- 3Illusions Shattered
- 4Locked in Stagnation
- 5The State as an Architect of Progress
- 6The Urban Paradox
- 7Building Prosperity
- 8Global Justice
- 9Human Capital
- 10Corporate Titans
- 11The Path Forward
- Appendix
- Bibliography
- Index
2 - The Growth Dilemma
Why Some Nations Prosper while Others Stagnate
Published online by Cambridge University Press: 09 July 2026
Book contents
- Capitalism and Development
- Capitalism and Development
- Copyright page
- Contents
- Preface
- Acknowledgments
- 1The Populist Gamble
- 2The Growth Dilemma
- 3Illusions Shattered
- 4Locked in Stagnation
- 5The State as an Architect of Progress
- 6The Urban Paradox
- 7Building Prosperity
- 8Global Justice
- 9Human Capital
- 10Corporate Titans
- 11The Path Forward
- Appendix
- Bibliography
- Index
Summary
Why do some countries grow while others remain mired in poverty? This chapter investigates global inequality and the role of institutions in shaping growth. It shows that markets alone cannot guarantee shared prosperity. Effective governance and adaptive institutions are critical for channeling growth into opportunity. Through case studies and empirical data, it contrasts inclusive and extractive models of development.
Information
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- Chapter
- Information
- Capitalism and DevelopmentSteering Markets Toward Fairness, pp. 47 - 63Publisher: Cambridge University PressPrint publication year: 2026
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